Home  /  Daily Current Affairs  /  17-11-2022 / Arvind Virmani: Full-time Member of NITI Aayog

Arvind Virmani: Full-time Member of NITI Aayog

Posted on November 17, 2022 by admin1  1777

In News

  • Recently, the government has appointed senior economist Dr Arvind Virmani as a full-time member of the NITI Aayog.
    • At present there are three members: Dr V K Saraswat, Professor Ramesh Chand and Dr V K Paul.

About National Institution for Transforming India (NITI Aayog)

  • About:
    • It was set up in 2015 to replace Planning Commission.
    • It is an Executive Body (acts as a think tank and advisory body)
  • Objective: 
    • To foster the spirit of Cooperative and Competitive federalism through structured support initiatives on a continuous basis.
  • Composition of NITI Aayog:
    • Chairperson: Prime Minister of India
    • Governing Council consists of the Chief Ministers of all the States and Lt. Governors of Union Territories in India.
      • The NITI Aayog’s governing council is the premier body tasked with evolving a shared vision of national priorities and strategies with the involvement of the States and Union Territories. 
      • It presents a platform to discuss inter-sectoral, inter-departmental and federal issues.
    • Regional Councils will be created to address particular issues and possibilities affecting more than one state.
      • These will be formed for a fixed term and summoned by the PM.
      • These will be chaired by the Chairperson of the NITI Aayog or his nominee.
    • Special invitees: Eminent experts, specialists with relevant domain knowledge, which will be nominated by the Prime Minister.
  • Full-time organizational framework:
    • Prime Minister as the Chairperson:
    • Vice-Chairperson (appointed by the Prime Minister)
    • Members:
      • Full-time
      • Part-time members on a rotational basis: Maximum of 2 members from foremost universities, leading research organizations, and other innovative organizations in an ex-officio capacity.
    • Ex Officio members: 
      • Maximum of 4 members of the Council of Ministers which is to be nominated by the Prime Minister.
    • Chief Executive Officer: 
      • The CEO will be appointed by the Prime Minister for a fixed tenure. He will be in the rank of Secretary to the Government of India.
  • Key Initiatives and Recent Achievements:
    • Aspirational Districts Scheme.
    • 3 Documents: 3-year action agenda, 7-year medium-term strategy paper and 15-year vision document.
    • Monitoring and Analysing Food and Agricultural Policies (MAFAP) programme in India
    • Promoted Zero Budget Natural Farming.
    • Promoting ‘Bhartiya Prakritik Krishi Paddhati’ programme under Paramparagat Krishi Vikas Yojana (PKVY). 
    • Village Storage Scheme

His achievements

  • He has served as the Chief Economic Advisor in the Ministry of Finance during the Manmohan Singh-led UPA government from 2007-09.
  • He was a member of the Reserve Bank of India’s Technical Advisory Committee on Monetary Policy from February 2013 to August 2016. 
  • He has also served at the International Monetary Fund (IMF), Washington DC.
  • He has written several books: 
    • The Sudoku of India’s Growth.
    • From Unipolar To Tri polar World: Multi-polar Transition Paradox.
    • Propelling India from Socialist Stagnation to Global Power.
    • Accelerating Growth and Poverty Reduction – A Policy Framework for India’s Development.

Source: IE

 
Previous article PESA Act & Conversions
Next article Review Jurisdiction of Supreme Court of India