The first 15-year vision document will come into effect from 2017-18, according to a senior official from the Niti AayogInterestingly, the 15-year vision document will also include internal security and defence that have not been a part of five-year plans. Interestingly, the 15-year vision document will also include internal security and defence that have not been a part of five-year plans. The 14th Finance Commission favoured giving states more untied funds along with greater fiscal responsibility in implementing centrally-sponsored schemes. So to a certain extent, there is a mandatory part to the Niti Aayog’s 15-year development plan,” he said. Photo: Pradeep Gaur/MintNew Delhi: Abandoning the ancient concept of five-year plans that India has been following since 1951, the National Institution for Transforming India (Niti) Aayog has decided to come up with a 15-year vision document in tandem with global trends and economic growth.

Source: Mint May 12, 2016 23:33 UTC