GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NITI Ayog
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CSO
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MRTP
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NSSO
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Detailed explanation-1: -On 13 August 2014, the Union Cabinet scrapped the Planning Commission (India), to be replaced with a diluted version of the National Advisory Council (NAC) of India which was established by the upa government.
Detailed explanation-2: -Ans. Niti Aayog was set up on 1st January 2015 after the announcement made by Narendra Modi the Prime Minister of India, the motive behind setting up NITI Aayog was to have a body that can provide proper and critical strategies and directions in which the development process can take place.
Detailed explanation-3: -It was an institution in the Government of India. It formulated five-year plans. It was formed on 15 March 1950. It was dissolved on 17 August 2014 and replaced by the new institution NITI Aayog.
Detailed explanation-4: -NITI Aayog is basically a think-tank or an advisory body. The Planning Commission had the power to impose policies on States and for the projects approved by the Planning Commission. The powers for the allocation of funds have not been given to the NITI Aayog.