The two part-time members of the new body would be from leading universities and research organisations.
'A lot will depend on the first Aayog and the power it derives.'
Shiv Sena-Uddhav Balasaheb Thackeray leader Priyanka Chaturvedi on Wednesday took potshots at the rival Shiv Sena over its minister not finding a place in the reconstituted NITI Aayog.
The Aayog has been mandated to serve as a policy think-tank for the central as well as state governments
Before taking over as the CEO of National Institution for Transforming India (Niti Aayog), he was Secretary, Department of Industrial Policy and Promotion, which has been rechristened as the Department for Promotion of Industry and Internal Trade.
Planning Commission had got into a big controversy on this issue.
An official announcement to this effect would be made next week. The vice-chairman would be of Cabinet rank.
NITI Aayog plans to hire a Chief Economist to conduct research on India's economic policy issues.
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.
The perspective planning division might get a new lease of life.
On Friday, the nameplate of the erstwhile commission on the railings of the Yojana Bhawan was pulled down and replaced with NITI Aayog.
Niti Aayog has come out with an initiative to improve governance in states.
Erstwhile Planning Commission Secretary Sindhushree Khullar is believed to have been appointed as CEO of the newly formed NITI Aayog.
The second meeting of the NITI Aayog's governing council, was, however, attended by Bihar Chief Minister Nitish Kumar.
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 most immediate challenge for growth is the disruption of the global economy brought about by the Ukraine war and related sanctions, the Covid shutdowns in China and the rising tide of inflation, points out Nitin Desai.
State governments are expected to play a more significant role
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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.
Pro-growth economist Arvind Panagariya has been appointed as first vice-chairman of the newly announced NITI Aayog, which has replaced the Planning Commission.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
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.
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.
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'India is doing better than when we took office 17 months ago'.
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.
80-85 per cent of about 700 major infrastructure projects within the Centre's domain have been delayed.
The prime minister's economic advisory council was disbanded early on, and not reconstituted.
The NITI Aayog is likely to continue to both formulate plans and engage with the states.
Aayog feels expansion of the lowest base will enable more people to pay taxes.
Debroy worked as a consultant in the Department of Economic Affairs in Finance Ministry.
Trade unions have called for a nation-wide strike on September 2.
Status to enable Arvind Panagariya to attend Cabinet meetings.
The Planning Commission was better than the Niti Aayog as it used to take up the issues of the states with the ministries concerned.
Households are likely to remain the primary net lenders to the economy in the coming decades.
Ahead of his government's first full year budget, Prime Minister Narendra Modi on Friday sought ideas from economists to attract investments, create jobs and finance infrastructure to put India back on high growth path.
At the first meeting of Governing Council of NITI Aayog on Sunday, Prime Minister Narendra Modi will seek views of Chief Ministers.
In the first meeting of NITI Aayog on Friday, Prime Minister Narendra Modi will interact with eminent economists and experts across sectors along with the existing members of the newly constituted body.
'AI will be bigger than the advent of the Internet or the harnessing of electricity.' 'India must embrace it with all its might,' says NITI Aayog CEO Amitabh Kant.
Experts will give their inputs for Budget.
Corporatisation of NHAI was one of the achievements of the NDA govt.
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