Governing Body

The Institute's Governing Body is responsible for providing general policy direction.  It comprises of a Chairman, three representatives of the Ministry of Finance (Government of India), one representative each of the Planning Commission of India, Reserve Bank of India and ICICI Bank Ltd., three eminent economists and taxation experts and twelve other members representing state governments, research institutions, scientific societies and special invitees. Dr. 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 faculty, administration and accounts divisions of the Institute.

Funding

The NIPFP receives an annual grant-in-aid from the Ministry of Finance (Government of India), and from 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. It also undertakes capacity building programmes in fiscal policy, budget management, fiscal decentralisation and tax policy reforms for various national and international government officials and academicians.

The latest Annual Report provides a list of the current Sponsoring, Corporate, Permanent, and Ordinary members associated with NIPFP.