Noted economist Arvind Panagariya at NITI Aayog after assuming office as its first Vice-Chairman (Press Trust of India photo)
The first Vice-Chairman of the newly-created NITI Aayog, noted economist Arvind Panagariya, took charge in New Delhi today.
The NITI Aayog CEO Sindhushree Khullar and other senior officials briefed the Vice-Chairman about the newly created body.
Dr Panagariya is expected to call on Prime Minister Narendra Modi, who is the Chairman of the Aayog, later in the day.
The government had announced the appointment of Vice-Chairman, 2 full time members, 4 ex-officio members (Union Ministers) and 3 special invitees for the Aayog on January 5.
Economist Bibek Debroy and former DRDO chief VK Saraswat were appointed as full-time members by the Prime Minister. They are expected to join shortly.
NITI Aayog has replaced the 65-year old Planning Commission, a vestige of the socialist era.
Union Ministers Rajnath Singh, Arun Jaitley, Suresh Prabhu and Radha Mohan Singh will be the Ex-Officio members while their colleagues Nitin Gadkari, Smriti Zubin Irani and Thawar Chand Gehlot would be Special Invitees.
The government had notified the Cabinet resolution (on January 7) regarding the constitution of the National Institution for Transforming India (NITI) Aayog which was approved by the Prime Minister on January 1. The government had also notified the names of the office bearers of the Aayog.
62-year-old Arvind Panagariya is an Indian-American economist and Professor of Economics at Columbia University. He is known for his market-friendly views and is a close associate of well-known trade economist Jagdish Bhagwati.
Dr Panagariya has earlier been the Chief Economist of the Asian Development Bank and a Professor of Economics and Co-director, Centre for International Economics, University of Maryland at College Park.
Holding a Ph.D degree in Economics from Princeton University, he has also worked for the World Bank, International Monetary Fund, World Trade Organization, and the United Nations Conference on Trade and Development (UNCTAD) in various capacities.