In his first Independence Day Speech as Prime Minister, Narendra Modi announced Planning Commission was replaced with a new body called the NITI Aayog (acronym for National Institution of Transforming India).
NITI Aayog was created to give new direction to the economy, but with Rajiv Kumar stepping down as the second vice chairman in just over seven years adds a new chapter to the affairs in the think tank.
The Aayog will have third vice-chairperson from the next month. Montek Singh Ahluwalia had an unhindered stint of almost 10 years as the deputy chairman of Planning Commission, which NITI