Which organisation is a policy think tank of the Government of India, established with the aim to achieve Sustainable Development Goals and to enhance cooperative federalism by fostering the involvement of State Governments of India in the economic policy-making process using a bottom-up approach?

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	RBI
B	IRDAI
C	NITI Aayog
D	Planning Commission

Explanation:

Detailed explanation-1: -The institution to give life to these aspirations is the NITI Aayog (National Institution for Transforming India).

Detailed explanation-2: -NITI Aayog is the 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.

Detailed explanation-3: -Union Government of India announced the formation of NITI Aayog on 1 January 2015. The first meeting of NITI Aayog was chaired by Narendra Modi on 8 February 2015.

Detailed explanation-4: -NITI Aayog will emerge as a “think-tank” that will provide Governments at the central and state levels with relevant strategic and technical advice across the spectrum of key elements of policy.

Detailed explanation-5: -The Planning Commission of India supervised the five-year plan for the economic development of the country. However, in 2014, the 65-year-old Planning Commission was dissolved and a think tank – NITI Aayog (National Institution for Transforming India) took its place.

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