The NITI Aayog has been generally welcomed. The Planning Commission was truly outmoded and misaligned with India’s contemporary challenges. It is indeed surprising that it was not replaced earlier. The functions of the Planning Commission as outlined on March 15, 1950, obligated it to access material, capital and human resources, formulate a plan for its effective utilisation, settle priorities in allocation of resources and determine the inter se allocation of resources. Thus, apart from allocation of planned resources, it also approved annual plan of states and evolved a Five Year Plan with a mid-term review.