Who is the Ex-officio Chairman of NITI Aayog?

The correct answer is the Prime Minister of India.

Key Points

• NITI Aayog (National Institution for Transforming India) was established in 2015, replacing the Planning Commission.
• The Prime Minister of India is the Ex-officio Chairman of NITI Aayog.
• The organization aims to foster involvement and participation in the economic policy-making process by the state governments of India.
• It provides strategic and technical advice to the central and state governments.

Important Points

• NITI Aayog is based on a bottom-up approach rather than the top-down approach of the Planning Commission.
• It focuses on cooperative federalism and involves the active participation of state governments.
• The Governing Council of NITI Aayog comprises Chief Ministers of all states and Lt. Governors of Union Territories.
• NITI Aayog also includes a Vice-Chairman, appointed by the Prime Minister, and full-time as well as part-time members.

Additional Information

• Union Finance Minister
  • The Union Finance Minister is responsible for managing the financial affairs of the government, including the budget, taxation, and economic policy.
• Governor, Reserve Bank of India
  • The Governor of the Reserve Bank of India is responsible for the monetary policy of the country and regulating the banking industry to ensure financial stability.
• President of India
  • The President of India is the ceremonial head of state and the commander-in-chief of the Indian Armed Forces.
  • The President's role is largely ceremonial, with real executive power vested in the Prime Minister.