"The institution will serve as a 'Think Tank' of the government - a directional and policy dynamo. Niti Aayog will provide governments at the central and state levels with relevant strategic and technical advice across the spectrum of key elements of policy," said a government press release. "This includes matters of national and international import on the economic front, dissemination of best practices from within the country as well as from other nations, the infusion of new policy ideas and specific issue-based support," the release said.
The Niti Aayog will work towards the following objectives; to evolve a shared vision of national development priorities; to foster cooperative federalism; to develop mechanisms to formulate credible plans at the village level; to focus on technology upgradation, among other things.
Delighted to introduce NITI (National Institution for Transforming India) Aayog. It will provide key inputs on various policy matters.
— Narendra Modi (@narendramodi) January 1, 2015 Following is the full text of the Cabinet Resolution as released by the government:
RESOLUTION
Mahatma Gandhi had said: "Constant development is the law of life, and a man who always tries to maintain his dogmas in order to appear consistent drives himself into a false position". Reflecting this spirit and the changed dynamics of the new India, the institutions of governance and policy have to adapt to new challenges and must be built on the founding principles of the Constitution of India, the wealth of knowledge from our civilizational history and the present day socio-cultural context.
The Planning Commission was set up on the 15th of March, 1950 through a Cabinet Resolution. Nearly 65 years later, the country has transformed from an under-developed economy to an emergent global nation with one of the world's largest economies.
From being preoccupied with survival, our aspirations have soared and today we seek elimination, rather than alleviation, of poverty. The people of India have great expectations for progress and improvement in governance, through their participation. They require institutional reforms in governance and dynamic policy shifts that can seed and nurture large-scale change. Indeed, the 'destiny' of our country, from the time we achieved Independence, is now on a higher trajectory.
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