Government of India recently announced constitution of NITI Aayog

• Indian Economy

Government of India recently announced constitution of NITI Aayog as a policy think-tank replacing Planning Commission. NITI stands for

1. National Institution for Transforming India
2. It is not an acronym, but only a Sanskrit word for Policy
3. National Initiative for Technological India
4. New Initiative for Transforming India

Answer

NITI Aayog or National Institution for Transforming India Aayog is a policy think-tank of Government of India that replaced Planning Commission. It aims to involve the states in economic policy-making in India. The Prime Minister heads the Aayog as its chairperson.

Correct option is A.