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NITI Aayog was formed on January 1, 2015.
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It is neither a constitutional nor a statutory body.
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NITI Aayog is created via an executive resolution of the Union Cabinet.
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It is the premier policy ‘Think Tank’ of the Union Government, providing both directional and policy inputs.
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It had replaced the 65-year old Planning Commission established in 1950.
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Prime Minister is ex-officio Chairperson of the Aayog.
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NITI Aayog plays important role in designing strategic and long term policies and programmes for the Government.
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It also provides relevant technical advice to the Centre and States.
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It also acts as the quintessential platform of Union Government to bring States to act together in national interest, and thereby fosters Cooperative Federalism.
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It aims 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.
NITI Aayog’s Governing Council:
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The governing council presents a platform to discuss inter-sectoral, inter-departmental and federal issues.
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Chairperson: Prime Minister.
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Full-Time Members: The full-time members to the council are Chief ministers of all states and of the Union Territories of Jammu and Kashmir, Delhi and Puducherry
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Special Invitees: The Lieutenant Governors of Andaman and Nicobar Islands, Ladakh, and the administrators of Chandigarh, Dadra and Nagar Haveli, Daman and Diu and Lakshadweep are the special invitees of the governing council.