Management

The Institute's Governing Body which is responsible for providing general policy direction to the Institute comprises a Chairman, two representatives of the Ministry of Finance (Government of India), one representative each of the Planning Commission, Reserve Bank of India, and the Industrial Credit and Investment Corporation of India, three eminent economists and taxation experts and twelve other members representing state governments, research institutions, scientific societies and special invitees. C. Rangarajan is the Chairman of the Governing Body and Dr. M. Govinda Rao, Director of the Institute is its member secretary and chief executive. The administrative set up of NIPFP is headed by the Director, assisted by the Administrative and Accounts divisions of the Institute.

Funding

The NIPFP receives an annual grant-in-aid from the Ministry of Finance (Government of India), and various state governments. This grant is supplemented by funds from its sponsoring, corporate, permanent, and ordinary members. Furthermore, the NIPFP undertakes commissioned studies for national, international, and bilateral agencies.

Functions and Objectives

The NIPFP's Memorandum of Association and Rules lays down, interalia, the following as its main functions:

• to promote and conduct research in matters relating to tax policy and administration, public expenditure and control, public debt and its management, intergovernmental fiscal relations, economics and pricing of public and industrial enterprises and such other aspects of public finance as may relate to broader economic and fiscal policies;
• to undertake and organise training courses, seminars, workshops and policy dialogue with a view to enhancing understanding of issues concerning public finance and policy;
• to forge linkages with universities and research and training institutes, both within the country and outside, for undertaking collaborative research and exchange of scholars, information and publications; and
• to disseminate information on public finance and policy by undertaking or providing for the publication of books, research reports, papers, and a journal on subjects covered by the work of NIPFP.

Collaborations and Partnerships

The NIPFP maintains close functional links with the central and state governments, and actively collaborates with the United Nations Development Programme the World Bank, the Asian Development Bank, the Ford Foundation and the Canadian International Development Agency in pursuing its research and training agenda. It serves as the nodal agency for the State Finance Commissions. It has research partnership arrangements with the London School of Economics and Hitotsubashi University at Tokyo, which includes exchange of faculty and collaborative research activities. The Reserve Bank of India and the Infrastructure Development Finance Company have established professorial chairs at NIPFP for advancing research frontiers in the fields of fiscal, housing and urban development policies. The NIPFP faculty members are associated with world-wide research networks and serve as members of national and state-level commissions, professional organizations and management boards of various institutions.

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