Differentiate between 5 year plan and NITI AYOG.
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The National Institution for Transforming India, also called NITI Aayog, was formed via a resolution of the Union Cabinet on January 1, 2015. ... The Government of India, in keeping with its reform agenda, constituted the NITI Aayog to replace the Planning Commission instituted in 1950.Most important difference is that Niti Ayog has no power to grant funds or make decisions on behalf of states. It is only an advisory body. Is the three-year action plan the new Five-Year Plan
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