"We had all met in the context of the statement made by the Prime Minister from Red Fort (on August 15).
“We have discussed what could be the new avatar of the Planning Commission," said former Finance Minister Yashwant Sinha, who chaired the meeting.
Sinha further said that all the suggestions made by the different experts have been noted and would be forwarded to Prime Minister Narendra Modi.
"They have all given some brilliant suggestions.
“All these (ideas) would be compiled and would be sent to the Prime Minister," Sinha said.
Sinha said the decision about the new body will be taken by Prime Minister Narendra Modi.
"This is a work in progress, it's not important to discuss upon the deliberations of today's meeting, the outcome is important.
“And that decision will be taken by the Prime Minister. “We also discussed upon how should the plan be allocated to states as well as upon the autonomy status to be granted to the new body," Sinha said.
Sinha said it was a long standing need to reinvent the Planning Commission
Planning Commission: No successor in sight
Why the Planning Commission failed to meet expectations
Why is IAF splashing around cash on THIS?
Is replacing the Planning Commission justified?
Out with the old: Advani, MM Joshi, Vajpayee dropped from BJP's parl board