Economics • Indian EconomyEasy
NITI Aayog (National Institution for Transforming India), which replaced the Planning Commission, was formally established on which date?
A. 15th August 2014
B. 1st January 2015✓ Correct Answer
C. 1st April 2015
D. 26th January 2015
💡 Solution & Explanation
The Union Government established NITI Aayog via a cabinet resolution on January 1, 2015, replacing the Planning Commission to foster cooperative federalism. Unlike its predecessor, NITI Aayog functions primarily as a public policy think tank rather than an allocation authority for financial resources. Knowing exact dates of institutional transitions is crucial for Indian polity and current affairs sections.
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