New Delhi: After Prime Minister Narendra Modi decided to scrap the Planning Commission, sources in the central government tell CNN-IBN that the panel will be replaced by an eight-member think tank.
This eight-member body will comprise of top economists, social activist and scientist. Out of the eight members, four will be permanent, while the rest will be a part of the panel on a rotational basis.
Prime Minister Modi had during his Independence Day address to the nation announced that the 64-year old Planning Commission, a vestige of socialist era, would be soon replaced with a new institution to address the current economic challenges and strengthen the federal structure.
Recently, he had invited deas from the general public to shape the new institution that will replace the Planning Commission. The PMO has set up an Open Forum to collect ideas from the people.
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