GS PrelimsEconomyEconomic Development2015 The Government of India has established NITI Aayog to replace the
Correct Answer: Option D
Explanation
1. The Government of India established the National Institution for Transforming India, better known as the NITI Aayog, on January 1, 2015.
2. The primary objective behind its formation was to replace the erstwhile Planning Commission, which had been formulating India's Five-Year Plans since 1950.
3. NITI Aayog was conceived as a policy think-tank for the Government, promoting cooperative federalism and providing strategic and technical advice, moving away from the centralized planning approach of its predecessor.
4. The Human Rights Commission, Finance Commission, and Law Commission are distinct constitutional or statutory bodies with specific mandates unrelated to the functions transferred from the Planning Commission to NITI Aayog.
5. Therefore, NITI Aayog was established to replace the Planning Commission (D).
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