sarita magazine online Published this article page no 41 their release comes at a juncture when they are still in their midthirties and not trained for any other job. niti aayog niti (national institution for transforming india) aayog is set up in place of the planning commission. the planning commission was set up in march 1950 through a cabinet resolution which the present government scrapped in august 2014. the prime minister will head the new institution tasked with the role of formulating policies and direction for the government. its governing council will comprise the chief ministers and the lieutenant governors of union territories. the body will have a vice chairperson and a ceo in addition to five fulltime members and two parttime members while four union ministers would serve as exofficio members. difference between planning commission & niti aayog basis planning commission niti aayog chairperson prime minister prime minister members deputy chairperson to be appointed by the prime minister.fulltime membersthe last commission had eight fulltime members sarita magazine subscription.