'Niti Aayog': Here's what PM Narendra Modi has to say about the revamped Plan Panel

NEW DELHI: Stating that ' Niti Aayog' will emerge as an active & important institution, Prime Minister Narendra Modi on Thursday said, "It will play a pivotal role in India's development journey in the years to come."

"A pro-people, pro-active & participative development agenda stressing on empowerment & equality is the guiding principle behind NITI Aayog," PM Modi tweeted. "Through the NITI Aayog we wish to ensure that every individual can enjoy the fruits of development & aspire to lead a better life," he added.

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

NITI Aayog will emerge as an active &important institution that will play a pivotal role in India's development journey in the years to come

— Narendra Modi (@narendramodi) January 1, 2015

NITI Aayog has been formed after a wide range of consultation with the various stakeholders including the Chief Ministers.

— Narendra Modi (@narendramodi) January 1, 2015

A landmark change is the inclusion of all State CMs & LGs of UTs in the NITI Aayog. This will foster a spirit of cooperative federalism.

— Narendra Modi (@narendramodi) January 1, 2015

Through NITI Aayog, we bid farewell to a 'one size fits all' approach towards development. The body celebrates India's diversity & plurality

— Narendra Modi (@narendramodi) January 1, 2015

A pro-people, pro-active & participative development agenda stressing on empowerment & equality is the guiding principle behind NITI Aayog.

— Narendra Modi (@narendramodi) January 1, 2015

Prime Minister Narendra Modi will be the Chairperson of the revamped Planning Commission, which will now be called the NITI (National Institution for Transforming India) Aayog.

"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. Sent at 17:05 on Thursday