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NITI Aayog -Important Points
NITI Aayog  is a Government of India policy think-tank established by Prime Minister Narendra Modi replacing the Planning Commission.
The Prime Minister will serve as Chairperson for NITI Aayog.
The Union Government of India announced formation of NITI Aayog on 1 January 2015, and the first meeting of NITI Aayog was held on 8 February 2015.
 Planning Commission Renamed
May 29, 2014 – According to the first IEO (Independent Evaluation Office ) assessment report which was submitted to Prime Minister Modi on May 29, Planning Commission to be replaced by “control commission.
15th -17th Aug. 2014 – Govt. of India officials viewed Planning Commission to be replaced with a diluted version of the National Development and Reform Commission (NDRC) of China .
1st January 2015 – Cabinet resolution to replace Planning Commission by NITI Aayog (National Institution for Transforming India) .
February 8, 2015: The first meeting of NITI Aayog was chaired by Narendra Modi.
Origin and formation
1950 : Planning commission was established
May 29, 2014 : The first IEO(Independent Evaluation Office ) assessment report was submitted to Prime Minister Modi on May 29, three days after he was sworn in. 
August 13, 2014 : Cabinet of Modi govt. scrapped the Planning Commission
Aug. 15 2014 : Modi mentioned to replace Planning Commission by National Development and Reform Commission (NDRC) on the line of China
The NITI Aayog comprises the following:
Prime Minister of India as the Chairperson
Governing Council comprising the Chief Ministers of all the States and Union territories with Legislatures and lieutenant governors of other Union Territories.
Vice-Chairperson: Arvind Panagariya
Members: Three (3) Full-time: economist Bibek Debroy, former DRDO chief V.K. Saraswat and Agriculture Expert Professor Ramesh Chand
Sindhushree Khullar appointed as the Chief Executive Officer.
Present Members
The various members of NITI Aayog are:
Chairperson: Prime Minister Narendra Modi
CEO: Smt. Sindhushree Khullar, IAS
Vice Chairperson: Arvind Panagariya
Ex-Officio Members: Rajnath Singh, Arun Jaitley, Suresh Prabhu and Radha Mohan Singh
Special Invitees: Nitin Gadkari, Smriti Zubin Irani and Thawar Chand Gehlot
Full-time Members: Bibek Debroy (Economist), V. K. Saraswat (former DRDO Chief) and Ramesh Chand (Agriculture Expert)
Governing Council: All Chief Ministers and Lieutenant Governors of States and Union Territories
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