The NITI Aayog has completed the appraisal of the 12th Five-Year Plan, which will be placed before its Governing Council that is chaired by Prime Minister Narendra Modi. The meeting of the Governing Council is expected soon. Aayog Vice-Chairman Arvind Panagariya on Wednesday said the practice of Five-Year Plans will end after the current Plan gets over in 2016-17. "It would instead be replaced with three documents," he told reporters adding that the Vision Document is likely to be in place before Budget 2017. These would cover the short-term through a three-year Action Plan, the medium-term by seven-year strategy and the long-term by a 15-year Vision Document.       NITI Aayog, Five-Year Plan, Governing Council, Prime Minister, Narendra Modi, Niti Aayog Vice-Chairman, Arvind Panagariya, Vision Document, e before Budget 2017. These would cover the short-term through a three-year Action Plan, the medium-term by seven-year strategy and the long-term by a 15-year Vision Document.