An autonomous research institute under the Ministry of Finance

 

Past projects

MCA Research Programme

  • Start date Feb., 2019
  • Completion date Jan., 2021
  • Sponsor Ministry of Corporate Affairs
  • Project leader Ila Patnaik
  • Consultants/Other authors Pratik Datta, Radhika Pandey, Sudipto Banerjee, Karthik Suresh, Medha Raju, Shubho Roy
  • Focus
    The proposed framework has been designed for a formal research programme between MCA and NIPFP for three years. Under this programme, NIPFP will provide necessary legal, policy and research support to MCA in connection with the statutory responsibilities of the MCA (Feb 2019–Jan 2021).

Indian School of Business – Digital Identity Research Initiative (DIRI)

  • Completion date March, 2020
  • Sponsor Indian School of Business
  • Project leader Renuka Sane
  • Focus
    The DIRI at ISB conducts research on various issues related to digital identity, with a focus on Aadhaar. It is also creating a network of research fellows for this purpose. The key objective of the study is to examine the implementation of Section 5 of the Aadhaar Act that deals with special measures for the enrolment of vulnerable groups to understand the gaps in the process and suggest possible ways to address them. The study will make  recommendations on the best practices that can assist in strengthening the participation of these groups in Aadhaar-related processes and similar digital identity systems

Memorandum of Cooperation for 2019 with FNF for Organizing a Conference on the Regulation of Emerging Technologies in India

  • Completion date March, 2020
  • Sponsor Friedrich Naumann Stiftung für die Freiheit (FNF)
  • Project leader Renuka Sane
  • Consultants/Other authors Rishab Bailey, Smriti Parsheera, Faiza Rahman
  • Focus
     FNF has signed an agreement for the year 2019–20 with the objective of organizing a conference on the regulation of emerging technologies in India.

Analysing Household Expenditure on Health from the 71st Round of Survey by the National Sample Survey Organization, India

  • Completion date March, 2020
  • Sponsor World Health Organization
  • Project leader Mita Choudhury
  • Consultants/Other authors Jay Dev Dubey, Bidisha Mondal
  • Focus
    The analysis provides a baseline understanding of the nature, extent and effect of Out of Pocket Expenditure (OOPE) on health care in India. It could be used as a benchmark to track India’s march towards Universal Health Coverage (UHC).

Medium Term Fiscal Plan for Sikkim: 2020–21 to 2022–23

  • Completion date March, 2020
  • Sponsor Government of Sikkim
  • Project leader Pratap Ranjan Jena
  • Focus
    The report presented the Medium Term Fiscal Plan (MTFP) for the Government of Sikkim for the years 2020–21 to 2022–23. The MTFP 2020–21 provided fiscal policy objectives and projected fiscal targets in the ensuing budget year and two outward years. The report was based on the existing macro-fiscal environment, taking into consideration the requirements of the FRBM Act in Sikkim. The report projected the fiscal variables for three years, including the budget year, aligning with the stipulation of the FRBM Act.

Assessing the Impact of Various Subsidies Extended by Coffee Board to Farmers and Exporters

  • Completion date March, 2020
  • Sponsor Coffee Board
  • Project leader N.R. Bhanumurthy
  • Other faculty Bhabesh Hazarika
  • Consultants/Other authors Priya Keshari
  • Focus
    Coffee Board and the Government of India have been providing a number of subsidies to coffee planters as well as exporters over a long period of time. This study was aimed at understanding the impact of these subsidies on the increase in area under coffee cultivation as well the cost of cultivation

Study on Taxation of Capital Markets Undertaken for the Department of Economic Affairs

  • Completion date March, 2020
  • Sponsor Department of Economic Affairs (DEA), MoF
  • Project leader R. Kavita Rao
  • Other faculty Suranjali Tandon
  • Consultants/Other authors D.P. Sengupta

Macro-Fiscal Linkages for the 15th Finance Commission

  • Completion date March, 2020
  • Sponsor 15th Finance Commission
  • Project leader N.R. Bhanumurthy
  • Other faculty Sukanya Bose
  • Consultants/Other authors Sakshi Satija
  • Focus

    At the request of the 15th Finance Commission, the Institute undertook a study to assess the impact of higher devolution to the states under the 14th Finance Commission on various macroeconomic parameters such as GDP growth, inflation, fiscal deficit and public debt. Further, the study also proposed a new FRBM roadmap and the feasibility of achieving a US$ 5 trillion economy by the end of the 15th Finance Commission award period.


Research Project (Macroeconomics) – Financial Structure, Institutional Quality and Monetary Policy Transmission: A Meta Analysis

  • Completion date March, 2020
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader Shruti Tripathi
  • Consultants/Other authors Sahana Roy Chowdhury (IMI, Kolkata), Sabarni Chowdhury
  • Focus
    The long-standing empirical literature of monetary policy transmission acknowledges the weak transmission of monetary policy shocks to real activities and inflation in emerging economies. A fragile financial system, a low level of financial integration and weak institutions are often cited as the reasons for the lack of monetary policy transmission in these economies. This paper investigates the extent to which these factors explain the variation in the extent of monetary policy transmission in a comprehensive set of developed and developing economies using a meta-analysis framework. We find that the degree of financial development captured by various financial indicators explains cross-country variations in the magnitude and time lag of monetary policy transmission. We also examine the role of financial accelerator in transmission magnitude to output growth.

The Review of Compliance of the Government of Sikkim to the State FRBM Act for the Year 2016–17

  • Completion date March, 2020
  • Sponsor Government of Sikkim
  • Project leader Pratap Ranjan Jena
  • Focus
    The report assessed the fiscal stance of the state government while implementing the provisions of FRBM Act for the year 2016–17 as per the amendments to the Act in accordance with the recommendations of the 14th Finance Commission. 

Evaluation of Governance Parameters of Pradhan Mantri Awaas Yojana- Gramin (PMAY-G)

  • Completion date March, 2020
  • Sponsor Ministry of Rural Developments
  • Project leader N. R. Bhanumurthy
  • Other faculty H. K. Amarnath, Bhabesh Hazarika
  • Consultants/Other authors Krishna Sharma, Kanika Gupta, Tanvi Brahme

Study on Improving Research and Policies on Health and Its Financing

  • Start date Dec., 2015
  • Completion date Dec., 2019
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader Ajay Shah, Ila Patnaik
  • Consultants/Other authors Shubho Roy, Shefali Malhotra, Harleen Kaur, Rachna Sharma, Sanhita Sapatnekar, Mahima Gupta, Manpreet Singh, Sameer Pethe, Supriya Krishnan, Madhur Mehta, Siddhartha Srivastava, Moumita Das
  • Focus
    The problems characterizing the Indian health sector are complex. On one hand, there are issues relating to access and quality of health services and, on the other, those relating to the state of public health expenditure, as well as the design and implementation of the programmes accounting for this expenditure. Information gaps in India's health sector stem from not only inadequate or incomplete data but also the absence of an integrated approach when viewing the current state of health expenditure. The BMGF is funding NIPFP to develop the tools needed to gain a better understanding of the state of health and its financing in India. The project has been designed to bridge the aforementioned information gaps by creating a comprehensive dataset on public health finance. The overall objective is to provide reliable and comprehensive data so that policy decisions are better informed, through research and analysis on health expenditure as well as assistance in designing and monitoring the effectiveness of health-related programmes (Dec 2015–Dec 2019).
     

A Comparative Study of the Tax–GSDP Ratio of Tripura and Other North-Eastern States for the Government of Tripura

  • Completion date Nov., 2019
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader Sacchidananda Mukherjee
  • Other faculty Satadru Sikdar
  • Consultants/Other authors Shivani Badola, Vibha Kumari
  • Focus
    The study focuses on a comparison of aggregate Own Tax Revenue (OTR) as well as major head-wise tax collection of Tripura vis-à-vis other North-Eastern states. The analysis of this study is based on the Finance Account Database. The study highlights the areas where Tripura needs to focus to mobilize additional tax revenues. 

Proposal for Knowledge Partnership on Propelling Digital Communications in India: The Role of FDI

  • Start date Sept., 2019
  • Completion date Oct., 2019
  • Sponsor Department of Telecommunications
  • Project leader Ajay Shah, Ila Patnaik
  • Consultants/Other authors Smriti Parsheera, Rishab Bailey, Faiza Rahman, Varun Sen Bhai
  • Focus
    This assignment required us to:
    1. Prepare the report on ‘Propelling Digital Communications in India: The Role of FDI’
    2. Provide inputs on the session design, topics and potential speakers for the seminar
    3. Provide inputs for the opening, keynote and ministerial addresses

Organization Design and Internal Processes for Establishing an Effective National Council for Vocational Education and Training (NCVET)

  • Start date Feb., 2019
  • Completion date Aug., 2019
  • Sponsor Omidyar Network Services
  • Project leader Ajay Shah, Ila Patnaik
  • Consultants/Other authors Pratik Datta, Sarang Mohair, Sudipto Banerjee, Kartik Suresh, Medha Raju
  • Focus
    The study is aimed at improving the quality of skill development programmes throughout India by providing assistance to the NCVET (established by merging two regulatory bodies, NCVT and NSDA). It will produce a design for NCVET, identify the priority areas, and list the important functions and processes to be performed by the NCVET. The study will also identify the important regulatory instruments, contracts and guidelines that the NCVET will be required to issue and enforce soon after its establishment. NIPFP will engage with the Ministry of Skill Development and Entrepreneurship and other stakeholders to assist in the development of an implementation plan for the establishment of the NCVET and shall organize consultations and meetings in this regard (Feb 2019–Aug 2019).

Agreement to Provide Expert Assistance in the Performance Audit of the Hospital Management System in Uttar Pradesh

  • Start date May, 2018
  • Completion date July, 2019
  • Sponsor Comptroller and Auditor General of India (CAG)
  • Project leader Ajay Shah, Ila Patnaik
  • Other faculty Amey Sapre
  • Consultants/Other authors Shubho Roy, Harleen Kaur, Mahima Gupta, Manpreet Singh, Pramod Sinha, Rachna Sharma, Sameer Pethe, Shefali Malhotra, Supriya Krishnan
  • Focus
    NIPFP is the external expert agency for providing consultation and knowledge support to CAG for conducting performance audit on hospital management, Medical Health & Family Welfare Department, and Medical Education and Training Department of the Government of Uttar Pradesh. NIPFP’s engagement with CAG for the purpose of consulting and support during the audit was to provide strategic objective development, developing the audit plan, audit execution and analysis (May 2018–July 2019).

Fiscal Implications of the Introduction of the Goods and Services Tax in India (July 2019)

  • Completion date July, 2019
  • Sponsor The Fifteenth Finance Commission (Through BMGF)
  • Project leader R. Kavita Rao
  • Other faculty Sacchidananda Mukherjee
  • Focus
    The introduction of the Goods and Services Tax (GST) is a major reform in the tax system of the country. It has subsumed many of the prevailing taxes. This study analyses the performance of GST revenues at both levels of government.

Measuring Tax Effort and Efficiency for Indian States

  • Start date June, 2017
  • Completion date June, 2019
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader A. Sri Hari Nayudu
  • Focus

    To measure tax effort and efficiency and predict the potential tax revenues for Indian states.


Implementation of TRAI–NIPFP Research Programme

  • Start date June, 2016
  • Completion date May, 2019
  • Sponsor Telecom Regulatory Authority of India (TRAI)
  • Project leader Ajay Shah
  • Consultants/Other authors Smriti Parsheera, Mayank Mishra, Faiza Rahman, Sudipto Banerjee, Devendra Damle, Rishab Bailey, Sarang Moharir, Ashim Kapoor, Rachna Sharma, Sudipto Banerjee, Vishal Trehan, Srishti Sharma
  • Focus

    NIPFP has entered into a three-year MoU with TRAI to provide analytical and policy research in the areas of regulatory governance and economic analysis of the telecommunications broadcasting sectors (June 2016–May 2019).


Private Hospitals in Health Insurance Network in India: A Reflection for Implementation of Ayushman Bharat

  • Completion date March, 2019
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader Mita Choudhury
  • Other faculty Pritam Datta
  • Focus
    Private hospitals are expected to play a key role in the implementation of government sponsored health insurance schemes in India. This paper examines the availability and spread of private hospitals in the country to provide insights on the potential access to insured health services in GSHI schemes.

Financial globalization and economic growth in South Asia: an empirical investigation

  • Completion date March, 2019
  • Sponsor ICSSR
  • Project leader N. R. Bhanumurthy
  • Other faculty Dinesh Kumar Nayak
  • Consultants/Other authors Lokendra Kumawat (Ramjas College)
  • Focus
    The study tried to investigate the impact of financial globalisation on economic growth in South Asia. In addition to overall effect on economic growth, it also tried to identify the channel(s) through which the financial globalisation affects growth. For this purpose, it looked at both direct (e.g., reallocation of capital) as well as indirect channels (e.g., promoting financial development, changes in government policies, etc.). The results for the entire region suggest that the impact of financial globalisation on growth is very limited while there was strong evidence on the opposite direction. That is it is the domestic growth that was causing financial globalisation. The 43rd Annual Report 2018-19 study also undertaken individual country level analysis. While the individual country level results differ significantly, these differences are largely due to differences in level of governance in these countries.

Building Infrastructure to promote inclusive growth

  • Completion date March, 2019
  • Sponsor Asian Development Bank
  • Project leader Abhijit Sen Gupta (ADB)
  • Other faculty Satadru Sikdar
  • Consultants/Other authors Richa Jain
  • Focus
    In this study, we investigated the role played by infrastructure development in improving standard of living in India. We explored the role of infrastructure generation in four sectors, namely, Electricity, Road transport, Education and Health on income growth and poverty reduction in a panel of 18 major states in India over the period 2004-05 to 2015-16. Our main findings were that infrastructure development in all the sectors, except for health sector, significantly contributes to economic growth. On the other hand, infrastructure development in all sectors except for road transport was found to reduce the share of population below the poverty line. Our findings indicated that improved physical and quality of health infrastructure has significant level
    effect but insignificant growth effect via labour productivity channel on income and consumption in Indian states.

Forecasting India’s Economic Growth: A Time-Varying Parameter Regression Approach

  • Completion date March, 2019
  • Sponsor NIPFP
  • Project leader Sudipto Mundle
  • Consultants/Other authors Parma Chakravartti (Ambedkar University), Richa Jain
  • Focus
    Forecasting GDP growth is essential for effective and timely implementation of macroeconomic policies. This paper uses a Principal Component augmented Time Varying Parameter Regression (TVPR) approach to forecast real aggregate and sectoral growth rates for India. We estimated the model using a mix of fiscal, monetary, trade and production side-specific variables. To assess the importance of different growth drivers, three variants of the model are used. In ‘Demand-side’ model, the set of variables exclude production-specific indicators, while in the ‘Supply-side’ model, information is extracted only from the latter set. The ‘Combined’ model consists of both sets of variables. We find that TVPR model consistently outperforms constant parameter factor-augmented regression model and Dynamic Factor Model in terms of forecasting performance for all the three specifications. Based on the TVPR model, we find that demand side variant minimises the error forecast for total GDP and the industrial sector GDP, while the supply side variant minimises the error forecast for services sector GDP. We also find that forecast error is minimised using both the supply side variant and the combined
    variant for agriculture sector GDP. 
     

Reform of Government School System: Towards Greater Trust

  • Completion date March, 2019
  • Sponsor Azim Premji University Research Grant, 2016
  • Project leader Sukanya Bose
  • Consultants/Other authors Priyanta Ghosh, Arvind Sardana (Eklavya, Madhya Pradesh)
  • Focus
    The project addresses the various public finance issues that affect the substantive implementation and guarantee of the Right to Education in India. Carefully working its way through conceptual frameworks and empirics using unit level data, this research tries to put across estimates of normative resource requirements for the implementation of Right to Education, for every Indian state.

Evaluation of Governance Parameters of Pradhan Mantri Awaas Yojana – Gramin (PMAYG)

  • Completion date March, 2019
  • Sponsor Ministry of Rural Development, Government of India
  • Project leader N.R. Bhanumurthy
  • Other faculty H.K. Amaranth, Bhabesh Hazarika
  • Consultants/Other authors Krishna Sharma, Kanika Gupta, Tanvi Bramhe
  • Focus
    In this project, we looked at various issues related to Pradhan Mantri Awaas Yojana (Gramin), the flagship programme of the government, in terms of the design, implementation and other governance-related issues. Further, the project also looked at the extent to which the scheme has generated  employment opportunities for both skilled and unskilled labourers. 

State Revenue Forecast till 2022

  • Completion date March, 2019
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader R. Kavita Rao, Sacchidananda Mukherjee, Suranjali Tandon and Hari Nayudu
  • Focus
    Here we have analysed revenues for four states. Based on the estimated efficiency, regression and trend analysis are used to predict each tax and non-tax revenues. VAT Collection, State Excise, Stamp Duty and Registration Fee, State and Transport taxes are individually analysed with the help of stochastic frontier analysis and predicted their revenues till 2022. Non-tax revenues and other minor taxes excludes above taxes are analysed with the help regression and trend analysis.Finally, the aggregate of total state revenues are arrived at by summing up the all the predicted values of different tax and non-tax revenues. Here, we present four scenarios. 

Resource Sharing between Centre and states: Principals and Trends

  • Completion date March, 2019
  • Sponsor Fifteenth Finance Commission
  • Project leader Pinaki Chakraborty
  • Focus
    Although the Constitution had envisioned India as a quasi-federal country, the first forty years of independence witnessed significant political homogeneity at the centre and the states resulting in a concentration of power at the centre. The subsequent decades, however, saw increasing centrifugal tendencies with the emergence of greater political and economic competition at the state level. The latter was in a way a beneficial by-product of the forces of liberalization that had come into sway in the Indian economy in the late eighties and early nineties. The economic reforms also drove changes in the approach of central and state governments towards revenue policy, which in turn had an influence on quantum and nature of centre-state transfers. This study examined the trends in resource sharing and its principles from the Centre to the States. This study was undertaken at the request of the 15th Finance Commission. 

Institutional Assessment and Gap analysis of Tribal Research and Development Institute (TRDI), Bhopal

  • Completion date March, 2019
  • Sponsor Tribal Research and Development Institute (TRDI), Bhopal, under Government of Madhya Pradesh
  • Project leader Pinaki Chakraborty and Shruti Tripathi
  • Focus
    Tribal Research and Development Institute, Madhya Pradesh have initiated a partnership with UNICEF, Bhopal; the objective of the partnership is to enhance the capacity of the tribal research institute, to conduct research and evaluation to generate evidences for policy recommendations, especially for the tribal. Within the 43rd Annual Report 2018-19 partnership framework, one of the key activities is to conduct Institutional Assessment and Gap Analysis of Tribal Research and Development Institute (TRDI) to gain better insights of the internal competitive strengths and weaknesses of TRDI in conducting research, evaluation and studies inclusive of monitoring/Evaluation. NIPFP has conducted the Institutional Assessment and Gap Analysis of TRDI through a contract with the purpose to identify strengths, weaknesses, threats and opportunities of Institute in order to develop plans for their future
    development and given recommendations based on the assessments. 
     

Research and advisory services for Restructuring and Strengthening of National Council for Vocational Training (NCVT)

  • Start date May, 2017
  • Completion date March, 2019
  • Sponsor Ministry of Skill Development & Entrepreneurship (MSDE)
  • Project leader Ajay Shah
  • Consultants/Other authors Shubho Roy, Ashish Aggarwal, Shefali Malhotra, Sudipto Banerjee
  • Focus
    To help the ministry make decisions about restructuring NCVT as a regulator. This includes decisions and functions of NCVT as well as the governance and processes at NCVT.

A Study of Intergovernmental Fiscal Transfers in India

  • Completion date March, 2019
  • Sponsor IDRC
  • Project leader Pinaki Chakraborty, Lekha Chakraborty, Manish Gupta, Amandeep Kaur
  • Consultants/Other authors Shatakshi Garg, Azaruddin, Ruzel Shresta
  • Focus
    In India, recent policy changes in the fiscal transfer system have changed the relationship between the Union and State governments. The objective of this study was to analyse the impact of these changes on state level fiscal behavior and public service delivery.

Overview of State Finance Commission Reports, at the Request of the Fifteenth Finance Commission

  • Completion date March, 2019
  • Sponsor 15th Finance Commission
  • Project leader Pinaki Chakraborty, Manish Gupta

Can Monetary Policy pursue Financial Stability in India

  • Start date May, 2017
  • Completion date Dec., 2018
  • Sponsor Indian Council of Social Science Research (ICSSR)
  • Project leader Ila Patnaik
  • Consultants/Other authors Radhika Pandey, Shalini Mittal
  • Focus

    To investigate the trade-off between price stability and financial stability in India.


BIOFIN: Mobilising Resources for Biodiversity conservation

  • Start date Dec., 2017
  • Completion date Sept., 2018
  • Sponsor UNDP
  • Project leader Rita Pandey, Renuka Shane
  • Consultants/Other authors Priya Yadav, Sumit Aggarwal

MCA Expert Committee on Auditors - MOU between Ministry of Corporate Affairs and NIPFP

  • Start date May, 2018
  • Completion date Aug., 2018
  • Sponsor Ministry of Corporate Affairs (MCA)
  • Project leader Ajay Shah
  • Consultants/Other authors Shubho Roy, Ashish Aggarwal, Shefali Malhotra, Sudipto Banerjee
  • Focus
    The Supreme Court has asked the government to form a three member committee to look at the operations of Multinational Audit Firms (MAFs). NIPFP is the secretariat to the committee.

Macroeconomic Policy Management for SDGs: Identifying Monetary and Fiscal Policy Tools

  • Start date Aug., 2017
  • Completion date Feb., 2018
  • Sponsor Macroeconomic Policy Division, UNESCAP
  • Project leader Lekha Chakraborty
  • Focus

    The study analyses the macroeconomic policy regimes in Asia-Pacific Region and identifies the specific policy tools for Integrating SDGs.


Macroeconomic Policy Management for SDGs: Identifying Monetary and Fiscal Policy Tools

  • Start date Aug., 2017
  • Completion date Feb., 2018
  • Sponsor Macroeconomic Division, UNESCAP
  • Project leader Lekha Chakraborty
  • Focus

    To analyse the monetary and fiscal policy management in Asia Pacific and to identify the specific policy tools for integrating SDGs


Policy input regarding Digital Object Architecture (DOA)

  • Start date Aug., 2017
  • Completion date Jan., 2018
  • Sponsor Department of Telecommunications (DoT)
  • Project leader Ajay Shah
  • Consultants/Other authors Smriti Parsheera, Vishal Trehan, Sudipto Banerjee
  • Focus

    Study models of implementation of MPA structure in different countries.


A study of Intergovernmental Fiscal Transfers in India

  • Start date July, 2016
  • Completion date Jan., 2018
  • Sponsor IDRC, Canada
  • Project leader Pinaki Chakraborty
  • Other faculty Lekha Chakraborty, Manish Gupta, Amandeep Kaur, Shatakshi Garg, Azharuddin Khan
  • Focus

    The objective of the proposed study is to examine the systems, institutions, architecture of federalism and decentralisation in the country and how they have evolved over time and how the transfer system has addressed the issue of regional inequality, human development and basic social service delivery differentials in India. The study would contribute to NIPFP’s institutional objectives of assisting the Central, State and Local governments in formulating and reforming public policies by providing an analytical base and would be a rich source of learning for other countries in the region.

     

    The study is part of an 18-month research project undertaken jointly with the Social Policy and Development Centre (SPDC).

  • See details

    Related events:

     

     

    The paper prepared as part of IDRC Federalism project, titled 'Efficacy of Gender Budgeting on Gender Equality Outcome and Fiscal Space: Empirical Evidences from Asia Pacific", was presented by Lekha Chakraborty (pic above) in the Gender and Macroeconomics Conference organised by the Levy Economics Institute at Park Avenue 101, New York City , September 13-15, 2017. Janet Stotsky of IMF discussed the paper in the meeting following the presentation. This paper is prepared by Lekha Chakraborty in collaboration with Marian Ingrams of Harvard Law School who is currently a Fulbright affiliate of NIPFP and Yadawendra Singh, former IDRC Project Associate at NIPFP.


     

     

     

    NIPFP Seminar on "Issues in StateFinances – Analysis of State Budgets 2017-18", 18th August, 2017, 3pm, IHC.
     
     

     

     

    NIPFP High-level Meetings on Himachal Pradesh State Finances Post-Fourteenth Finance Commission with Additional Chief Secretary(s) - Finance & Planning & other top officers at Himachal Pradesh Secretariat at Shimla, held on June 27, 2017 (pics above).


     

     

    NIPFP high level Meeting with Addl. Chief Secretary and top officials of Dept of Finance, at State Secretariat Vallabh Bhavan, Bhopal, May 18th 2017. The Second high level Meeting was with Planning Board officials and the top officials of sectoral Ministries in Vindhyachal Bhawan, Bhopal (pics above).


     

    Former Governor, Reserve Bank of India and Chairman, 14th Finance Commission, Dr. Y.V. Reddy chairs IDRC-NIPFP Technical Advisory meeting on State Finance, May 12, 2017, NIPFP (pic above).


     

    NIPFP's High level Meeting with State Officials was convened by the Chief Secretary, Govt. of Rajasthan regarding emerging issues in public finance including UDAY debt, at the Secretariat, Jaipur, Govt of Rajasthan, on April 19, 2017 (pic above).


     

    Seminar on "Emerging Issues in State Finances Post-Fourteenth Finance Commission: Analysis of State budgets 2016-17", held on 13 December, 2016 at IIC, New Delhi (details on events page and pic above).

    Related papers:

    I. Policy note:
    Analysis of State budgets 2016-17. PDF
    Policy note. PDF
     
    II. Journal Publications:
    State level debt-deficit dynamics. PDF
    Emerging Issues in Union-State Fiscal Relations. PDF
     
     
    IV. Opinion columns:
    • Is fiscal prudence really fading away? PDF