Consider the following statements with regard to NITI Aayog 1 It is a constitutional body 2 It does ...........

Economic Affairs Planning in India

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Consider the following statements with regard to NITI Aayog:

1.It is a constitutional body.

2.It does not have the power of allocating central funds to States.

3.The Prime Minister is the chairman of NITI Aayog.

Which of the statements given above is/are correct?

1 and 2 Only

2 Only

2 and 3 Only

1 and 3 Only

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Explanation:

The National Institution for Transforming India, also called NITI Aayog,was formed via a resolution of the Union Cabinet on January 1, 2015.NITI Aayog isthe premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs. While designing strategic and long term policies and programmes for the Government of India, NITI Aayog also provides relevant technical advice to the Centre and States.

The Government of India, in keeping with its reform agenda, constituted the NITI Aayog to replace the Planning Commission instituted in 1950. This was done in order to better serve the needs and aspirations of the people of India.

An important evolutionary change from the past, NITI Aayog acts as the quintessential platform of the Government of India to bring States to act together in national interest, and thereby fosters Cooperative Federalism.

ThePrime Minister is the Chairman of NITI Aayog.

The NITI Aayog does not have the power of allocating central funds to States. This will now be done by the finance ministry.