Which of the following institutions replaced the erstwhile Planning Commission to foster cooperative federalism and involve states in economic policy formulation?

💡 Solution & Explanation

NITI Aayog replaced the Planning Commission in January 2015 to serve as the apex public policy think tank, promoting cooperative federalism through active state participation. The Finance Commission is a constitutional body under Article 280 governing tax devolution between center and states. The Inter-State Council addresses coordination matters under Article 263. National Development Council historically approved five-year plans prior to economic restructuring.