Discussion
The Planning Commission of India was replaced in 2015 by
Answer: B
Correct answer: NITI Aayog
NITI Aayog - the National Institution for Transforming India - replaced the Planning Commission on 1 January 2015. The change was one of function as well as name. The Planning Commission, set up by a cabinet resolution in 1950, drew up the Five-Year Plans and allocated funds to the states, which gave it considerable leverage over them. NITI Aayog has no power to allocate funds; that passed to the Finance Ministry. It is instead a policy think tank, intended to work through what it calls cooperative federalism, with the states as partners rather than supplicants. Its Chairman is the Prime Minister, and its Governing Council includes all Chief Ministers and Lieutenant Governors. It is run day to day by a Vice Chairman and a Chief Executive Officer. The Twelfth Plan (2012–17) was the last of the series; no Thirteenth followed. The Finance Commission is a distinct constitutional body under Article 280, appointed every five years to recommend the sharing of tax revenues.
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