Hectic preparations are on at the newly-formed Niti Aayog to welcome the first Vice-Chairman Arvind Panagariya and other members whose appointments were approved by Prime Minister Narendra Modi on Monday.
The Planning Commission, which was established in 1950, will be called 'Neeti Ayog' in its new avatar, months after Prime Minister Narendra Modi announced that it will replaced by a new body.
Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.
'A lot will depend on the first Aayog and the power it derives.'
Within hours of the government announcing a new body to replace Planning Commission, the Yojana Bhawan staff began hectic preparations to welcome new Vice-Chairman of Niti Aayog and other members who are likely to be appointed shortly.
Arvind Panagariya, first vice-chairman of the NITI Aayog, replacement for the five-decade-old Planning Commission, has decided to return to academics.
The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog
Even if the new body focuses on long-term planning, it is unlikely to do so through five-year Plans.
NITI Aayog spent a considerable time on restructuring the setup.
Former NITI Aayog vice-chairman Rajiv Kumar has urged the government to maintain zero-fee UPI transactions for several more years, arguing that the benefits of UPI as a public good outweigh the costs. This comes amidst the government's recent decision to introduce a 0.4% fee on person-to-merchant UPI transactions above Rs 2,000 from October 15, a move that has drawn criticism.
The Aayog has been mandated to serve as a policy think-tank for the central as well as state governments
The NITI Aayog has recommended privatisation of state-owned insurer United India Insurance Company as the government aims to move ahead with its new public sector enterprise (PSE) policy for Atmanirbhar Bharat. The policy think tank has suggested that the public sector insurer be considered for privatisation in the banking, insurance and financial services sector, which has been classified as 'strategic' in the PSE policy, said an official. The policy proposes the "bare minimum" presence of government-owned companies in strategic sectors, and privatisation, merger or closure of remaining public sector undertakings (PSUs).
Prime Minister Narendra Modi and chief ministers of states may soon have an in-person interaction on a common platform for the first time since 2019. The seventh meeting of the Governing Council of NITI Aayog is likely to be held in late June or early July, Business Standard has learnt from sources in the Centre and a state. While the date and other details are yet to be finalised, it is learnt that there will be a conclave of chief secretaries of states and Union Territories in Dharamshala, Himachal Pradesh, on June 14 and 15, which will decide the agenda of the Council meeting to be held at a later date.
Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Yugal Kishore Joshi, to explore the revival of Formula 1 in India. The committee will assess challenges, identify policy interventions, and develop a roadmap to potentially host a race by 2028, addressing issues that led to its discontinuation after 2013.
For the first time the government is organising an event where consolidated efforts would be made to help start-ups.
Glimpses of the INDIA bloc's protest march from Parliament House to Nirvachan Sadan, the Election Commission headquarters, in New Delhi on Tuesday, October 6, 2026.
The two part-time members of the new body would be from leading universities and research organisations.
Economist Arvind Panagariya is the vice-chairman of NITI Aayog, while economist Bibek Debroy and scientist V K Saraswat are the two full-time members of the Aayog.
The prime minister's economic advisory council was disbanded early on, and not reconstituted.
India needs a paradigm shift in personal data management that transforms the current organisation-centric data sharing system to an individual centric approach that promotes user control on data sharing for empowerment, said Niti.
Initiated move to privatise Air India, but reports on poverty and cast census remained unfinished
Industry leaders at MRAM Expo 2026 highlighted that India's maintenance economy has the potential to unlock a 1 per cent GDP opportunity. This growth can be achieved by addressing productivity losses from equipment breakdowns, unplanned downtime, and inefficient assets through smarter asset management practices. The NITI Aayog also supports AI-based predictive maintenance for resilient infrastructure, while the Indian Asset Performance Management market is projected for substantial growth by 2033.
Amitabh Kant, former NITI Aayog CEO, and PGTI CEO Amandeep Johl express strong confidence in India's potential to become a global golf powerhouse within the next decade. Kant specifically predicts a woman golfer will achieve a breakthrough moment for the country. They highlight India's demographic advantage, rising youth participation, and the need for university-level talent development and private investment in infrastructure to achieve this goal.
NITI Aayog has been working on an action plan to relieve rural distress and energise the agricultural sector
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Indian-American economist Arvind Panagariya has said that he is "honoured" to be appointed by Prime Minister Narendra Modi as the first Vice Chairman of the newly created NITI Aayog, which replaces the 65-year-old Planning Commission.
'If these new farm laws are allowed to be implemented, there are very high chances of big increase in income of the farmers and in many states, it may even double'
While Congress-ruled states such as Kerala, Karnataka and Assam expressed fears about the sudden demise of the planning process and wondered what it would be replaced with, also worrying about the immediate implications on annual Plan outlays, Andhra Pradesh said it was considering setting up its own NITI Aayog.
State governments are expected to play a more significant role
The review stresses on creating conditions for growth that is employment-friendly.
Andhra Pradesh and Maharashtra are at second and third spot, whereas Uttar Pradesh and Bihar remained at the bottom.
Niti Aayog vice-chairman Rajiv Kumar debunked claims of jobless growth, saying how can a country grow at an average of 7 per cent without employment.
The case is related to the alleged irregularities in granting clearance by the Foreign Investment Promotion Board to INX Media, once owned by Peter and Indrani Mukherjea, for receiving overseas funds to the tune of Rs 305 crore.
Rahul Gandhi dramatically shifted the INDIA bloc's protest after their march to the Election Commission was stopped and leaders were detained. He entered Akashvani Bhavan, leading to a standoff and a continued sit-in joined by other opposition leaders, including Priyanka Gandhi Vadra, to protest against alleged threats to democracy.
'It is not about a place with fewer incidents of violence but a city where women have real agency in planning their daily lives.'
Five cities -- Delhi, Bengaluru, Kolkata, Hyderabad and Surat -- ceded their power of procurement and agreed to a different procurement model to operate state-run buses.
India's Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Niti Aayog's Yugal Kishore Joshi, to assess the feasibility and challenges of reviving Formula 1 in the country. The committee aims to develop a roadmap for India to host a Grand Prix by 2028, focusing on sustainable growth, policy interventions, and addressing past issues like taxation. The Adani group, owners of the Buddh International Circuit, will also be involved.
India's production-linked incentive (PLI) scheme, which aims to make domestic manufacturing globally competitive, has attracted investment worth over Rs 45,000 crore and has also created three lakh jobs, NITI Aayog CEO Parameswaran Iyer said on Monday. The government has rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advanced chemistry cell and speciality steel. "The PLI programme has already started showing results.
Status to enable Arvind Panagariya to attend Cabinet meetings.
The NITI Aayog's views are in contrast to the National Health Policy.
Elon Musk, CEO of SpaceX, stated that Starlink's services in India must be affordable for widespread adoption and that competition would benefit consumers, despite potentially reducing Reliance Jio's profits. He criticised Reliance Jio as a 'de facto monopoly' in India, alleging that certain business conglomerates were blocking Starlink's entry.
