NITI Aayog has been formed to replace which of the following institution?
Planning Commission
NITI Aayog (National Institution for Transforming India) was constituted on 1 January 2015 by a Union Cabinet resolution, replacing the 65-year-old Planning Commission (set up in 1950).
It shifted India from centralised top-down planning to a cooperative-federalism, bottom-up policy think-tank model. IRDA, DoT and the Department of IT are unrelated regulatory/administrative bodies that continue to function.
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