Noted economist Dr. Rajiv Kumar will be the new Vice-Chairman of NITI Aayog, which is a think-tank that replaced the Planning Commission. He will succeed Arvind Panagariya, who will leave the government think tank on August 31, 2017 and return to Columbia University. Currently, Rajiv Kumar is a senior fellow at the Centre for Policy Research, a non-governmental think tank on public policy based out of New Delhi. He had also been part of a Government appointed high-level search Panel that went into the appointment of regulators in the Indian financial sector. Meanwhile, the Centre has also appointed Vinod Paul, a Paediatrician at AIIMS, as a member of NITI Aayog.