_________________substituted the planning commission in India.
Planning Commission Replacement in India
The institution that substituted the Planning Commission in India was the National Institution for Transforming India, commonly known as NITI Aayog.
The Planning Commission was established in 1950 and was responsible for making five-year plans for the socio-economic development of the country. It was abolished in August 2014.
NITI Aayog Establishment
NITI Aayog was established on January 1, 2015.
- It serves as the government's primary think tank.
- NITI Aayog focuses on the principle of 'Cooperative Federalism' by strengthening the Centre-State, and inter-State collaboration.
- It aims to foster innovation, entrepreneurship, and private sector participation to complement the government's efforts.
- Unlike the Planning Commission, NITI Aayog does not have the mandate to allocate financial resources.
Therefore, the National Institution for Transforming India (NITI Aayog) is the correct answer.
Important Questions from Economics
Which of the following is NOT a classification of E-Commerce?
The subject of the Study of Macro Economics is based on which principle?
Which of the following is NOT one of the scheduled public sector banks in India?
In September 2021,the Pension Fund Regulatory and Development Authority (PFRDA) increased the entry age for the National Pension System (NPS) from_______ to ______.
Which of the following institutions was set up in 1982 in order to streamline credit facilities to farmers at a national level?
