Addressing the two-day conference on 'Cooperative Federalism: National Perspectives and International Experience', Panagariya defended the decision to replace the Planning Commission by NITI Aayog saying it was a 'landmark' decision.

NITI Aayog is playing various roles particularly in the area of ease of doing business. Survey of entrepreneurs is being done to ascertain the areas where entrepreneurs see the improvement has been made or not, he said.

Panagariya said the Central government is welcoming the states which want to make changes in their land laws and a model law on land-leasing is being framed with discussions with states.

In addition to the senior policy makers and officials from central and state governments, academics and practitioners and think-tanks in India and international experts from Australia, Ethiopia, Germany, Switzerland, South Africa and Canada also participated in it.

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