Addressing the two-day conference on 'Cooperative Federalism: National Perspectives and International Experience', Panagariya defended the decision to replace the Planning Commission by NITI Aayog saying it was a "landmark" decision.
NITI Aayog is playing various roles particularly in the area of ease of doing business. Survey of entrepreneurs is being done to ascertain the areas where entrepreneurs see the improvement has been made or not, he said.
Panagariya said the central government is welcoming the states which want to make changes in their land laws and a model law on land-leasing is being framed with discussions with states.
The NITI Aayog vice-chairman said under the PRAGATI initiative of Prime Minister Narendra Modi, regular meetings are held with Chief Ministers and Chief Secretaries via video conferencing and the progress made on various projects specially infrastructure projects is discussed.
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The conference provided a platform to identify the best practices from other countries and come out with recommendations including changes in institutional mechanisms to foster cooperative federalism in Indian context.
In addition to the senior policy makers and officials from central and state governments, academics and practitioners and think-tanks in India and international experts from Australia, Ethiopia, Germany, Switzerland, South Africa and Canada also participated in it.