NITI Aayog has been constituted by replacing Planning Commission of India Which of the following is ...........

Economic Affairs Planning in India

NITI Aayog has been constituted by replacing Planning Commission of India. Which of the following is correct regarding the same?

NITI stands for National Institute for Transforming India.

It is a statutory board.

CMs of Delhi and Puducherry will be members of the Aayog along with all state CMs.

All of the above.

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Explanation:

1st option is correct i.e. NITI stands for National Institute for Transforming India.
NITI Aayog' is a Government of India policy think-tank established by the Narendra Modi government to replace the Planning Commission which followed the top-down model. The stated aim for NITI Aayog's creation is to foster involvement and participation in the economic policy-making process by the State Governments of India.The emphasis is on bottom-up approach and make the country to move towards cooperative federalism .