New Delhi, Feb 8 (ANI): Prime Minister Narendra Modi, on Sunday (February 08) chaired the first meeting of the governing council of National Institution for Transforming India (NITI) in New Delhi. The formation of the forum was announced on August 15, 2014 by Modi during his maiden Independence Day address from the ramparts of the historic Red Fort. Modi has accused 65-year-old Planning Commission of stifling growth with Soviet-style bureaucracy. The NITI will act more like a think tank or forum, in contrast with the Commission which imposed five-year-plans and allocated resources to hit set economic targets.
