India's Planning Commission to be renamed as 'Niti Ayog'
Sources said the new panel will have up to five full time members, especially experts from various fields, and four union ministers.
Nation’s first PM Jawaharlal Nehru had set up and chaired the Commission to map out a development path for India’s agrarian economy.
Reports said there was no consensus among chief ministers on the issue as those from Congress-ruled states had said the Commission should be reinvented rather than scrapped and replaced. However, state ruled by the Bharatiya Janata party (BJP) and its allies agreed to the restructuring plan.
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