NITI Aayog
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- The Union government has appointed senior economist Dr Arvind Virmani as a full-time member of the NITI Aayog.
- He served as the Chief Economic Advisor in the Union Ministry of Finance from 2007-09.
- He was a member of the Reserve Bank of India’s Technical Advisory Committee on Monetary Policy from February 2013 to August 2016.
- In 2009, Virmani was appointed the Executive Director of the International Monetary Fund (IMF), and he served there till 2012.
- He served as Principal Advisor, Planning Commission.
NITI Aayog
- Planning Commission Inspired by the USSR/Soviet Model, Prime Minister established a Planning Commission in 1950 to design the five-year Plans for India.
- In 2015, it was replaced by a new organization named National Institution for Transforming India (NITI)
- Promote Cooperative Federalism
- Governing Council of NITI Aayog has Lieutenant Governors of Union Territories and State Chief Ministers.
- NITI Aayog Constituted a Committee of State Chief Ministers to examine important issues.
- Promote Competitive Federalism
- NITI Aayog has Prepared online dashboards to rank the States on various indicators of development Such as;
- Sustainable Development Goals (SDG) India Index.
- Health Index.
- School Education Quality Index.
- Digital Transformation Index.
- Launched Aspirational District Programs for monitoring the progress of backward districts.
- NITI Aayog has Prepared online dashboards to rank the States on various indicators of development Such as;
- NITI Aayog has not been given the mandate or Powers to impose Policies on States.
- NITI Aayog is a think tank or an advisory body.
- The Powers for the allocation of funds have not been given to the NITI Aayog. The Powers are with the Finance Ministry.
- As a ‘think-tank’, Niti Aayog has helped the government In framing various Policies on;
- Clean energy
- Methanol based economy
- Infrastructure, human development etc.
- The model acts on agricultural land leasing, livestock Selling etc.
- NITI Aayog regularly organizes Seminars, Workshops, and Conferences.
- NITI initiated Atal Innovation Mission (AIM) to help Startups. NITI is developing the National Program on Artificial Intelligence.
- NITI’s approach is modernised, forward-looking, and less bureaucratic; NITI Aayog plays an important role as a think tank for Economic growth, Human development and Good governance in India.
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