Q134
Indian Economy
NITI Aayog is set up by
- a.a resolution by Union Cabinet
- b.amending the Constitution of India
- c.Both (A) and (B)
- d.Neither (A) nor (B)
Answer: (A) a resolution by Union Cabinet
NITI Aayog (National Institution for Transforming India) was set up on 1 January 2015 by a resolution of the Union Cabinet to replace the Planning Commission, which had itself been created by a Cabinet resolution in March 1950. It is therefore neither a constitutional nor a statutory body. The Prime Minister is its Chairperson, and Arvind Panagariya was its first Vice-Chairperson; its Governing Council includes all Chief Ministers.