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The correct answer is option 4: Planning Commission. The Modi Government at the Centre replaced the Planning Commission with NITI AYOG. The Planning Commission was a government agency responsible for formulating Five-Year Plans and allocating resources for development projects. On the other hand, NITI AYOG, which stands for National Institution for Transforming India, was established in 2015 as a policy think-tank to provide inputs and advice on various aspects of policy-making and development. The formation of NITI AYOG was seen as a shift towards a more cooperative and decentralized approach to planning, as it aimed to involve states and union territories in policy-making and development processes. Therefore, the correct option is 4: Planning Commission.