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Zorluk: ZorEconomic Planning History, NITI Aayog, and Structural Reforms

With reference to the institutional framework of NITI Aayog and the post-2017 economic planning mechanism in India, consider the following statements:

I. NITI Aayog does not possess the statutory power to allocate financial grants to state governments, transferring fund devolution responsibilities entirely to the Union Ministry of Finance.
II. The Governing Council of NITI Aayog is chaired by the Union Finance Minister and includes the Chief Ministers of all States and Union Territories with Assemblies.
III. NITI Aayog replaced traditional Five-Year Plans with a framework comprising a 15-Year Vision Document, a 7-Year Medium-Term Strategy, and a 3-Year Action Agenda.

Which of the statements given above is/are correct?

  1. A
    Statement I only
  2. Statements I and III onlyCevap
  3. C
    Statements II and III only
  4. D
    Statements I, II, and III

Cevap

Statements I and III only are correct.
The correct choice highlights that Statements I and III are factually accurate. NITI Aayog lacks statutory fund allocation powers (which reside with the Finance Ministry/Finance Commission), and it replaced Five-Year Plans with the 15-Year Vision, 7-Year Strategy, and 3-Year Action Agenda. Statement II is false because the Prime Minister, not the Union Finance Minister, chairs NITI Aayog and its Governing Council.

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1
Evaluate Statement I regarding the fund allocation powers of NITI Aayog.
Statement I is correct. Unlike the former Planning Commission, which disbursed plan grants under the Gadgil-Mukherjee formula, NITI Aayog has no financial allocation powers. Financial transfers are managed by the Finance Commission and the Ministry of Finance.
NITI Aayog was established as an extra-constitutional policy think-tank to foster cooperative federalism without administrative fund disbursement functions.
2
Evaluate Statement II regarding the Chairperson of NITI Aayog's Governing Council.
Statement II is incorrect. The Prime Minister of India is the ex-officio Chairperson of the Governing Council of NITI Aayog, not the Union Finance Minister.
The organizational structure of NITI Aayog places the Prime Minister at the apex as Chairperson, accompanied by Vice-Chairperson, Chief Ministers of States, and Lt. Governors of UTs.
3
Evaluate Statement III regarding the post-2017 long-term planning framework.
Statement III is correct. Following the completion of the 12th Five-Year Plan (2012–2017), NITI Aayog introduced a multi-tier planning framework consisting of a 15-Year Vision Document (up to 2031-32), a 7-Year National Development Strategy, and a 3-Year Action Agenda.
This framework was instituted to shift away from rigid 5-year targets toward flexible long-term perspective planning combined with actionable short-term goals.

Anahtar Kavram

Organizational Architecture of NITI Aayog and Post-2017 Planning Framework
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Konular

Economic Planning History, NITI Aayog, and Structural Reforms