NITI Aayog (NationalInstitution for Transforming India) will replace the Planning Commission, which was established in 1950.

the aims and objectives of that organisation------1. NITI Aayog sets its aims to provide a critical directional and strategic input into the development process of the country.

2. NITI Aayog aims to serve as a “think tank” of the government both at central and state levels with relevant strategic and technical advice on key POLICY matters including economic issues of national and international importance.

3. NITI Aayog now seeks to replace the centre-to-state one way FLOW of policy framed by the Planning Commission by an amicable settled policy framed by a genuine and continuing partnership of states.

4. The NITI Aayog will also seek to put an end to SLOW and tardy implementation of policy by fostering better Inter-Ministry co-ordination and better centre-state co-ordination. It will help evolve a shared vision of national development priorities, and foster co-operative FEDERALISM, in order to focus on the view that strong states make a strong nation.

5.. The NITI Aayog will monitor and evaluate the implementation of programmes, and focus on technology upgradation and capacity building.