An autonomous research institute under the Ministry of Finance

 

Ongoing projects

An Assessment of Attitudes Towards Tax Policy and Compliance

  • Start date March, 2021
  • Completion date March, 2022
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader R. Kavita Rao
  • Focus

    A considerable amount of research is being undertaken on the attitudes of taxpayers towards tax policy and tax administration and their influence on compliance.  It is being argued that the compliance behaviour of taxpayers is influenced by a variety of factors like intrinsic attitudes towards tax compliance, social norms, as well as the ability of the taxpayer to control their behaviour.  In India, this space is not yet explored.  This study proposes to document the attitudes and perceptions of people regarding compliance with respect to income tax in India.  Such studies can help identify issues that taxpayers might respond to, in order to improve tax compliance.


Towards a Grievance Redress Management Framework in Consumer Finance for India

  • Start date Nov., 2019
  • Completion date Oct., 2022
  • Sponsor Bill and Melinda Gates Foundation (BMGF)
  • Project leader Renuka Sane
  • Consultants/Other authors Mithila A Sarah, Ananya Goyal, Sudipto Banerjee, Sristhi Sharma, Karthik Suresh, Suresh Kumar, Madhur Mehta, Kusan Biswas, Karan Gulati, Aditi Dimri
  • Focus
    The objectives of the study are to:
    Understand what the global best practices on grievance redress management (GRM) are and arrive at the principles of a good GRM. How is technology leveraged to make GRM more accessible, especially in large countries with significantly poor populations.
    Evaluate consumer experiences with the existing products and GRMs to understand what households do when faced with a problem.
    Evaluate the impact of the existing GRMs on households’ decision making on participation in financial markets and to analyse the past experience and how they are   related to the additional flows into physical assets. 
    Evaluate the heterogeneity in how household responses differ by their characteristics.  The study will also attempt to understand whether households in higher income deciles fare better than those in the lower income deciles by finding answers to few queries: do the poor face a disproportionate welfare loss; how does the response differ by risk appetite; how does it differ by their rates of time preference?
     

An Inquiry Into Exit From Government Schools

  • Start date April, 2019
  • Sponsor Azim Premji University Research Grant, 2018
  • Project leader Sukanya Bose
  • Consultants/Other authors Priyanta Ghosh, Manohar Boda, and Arvind Sardana (Eklavya)
  • Focus

    The study attempts to unpack the phenomenon of exit from government schools, with a focus on exits at the bottom of the pyramid.  Low fee private schools (LFPS) have emerged as close substitutes for government schools, though no official data exists for this largely informal sector in schooling. The study tries to establish the size of the LFPS sector, information that is vital to any planning and resource allocations. The excess demand for private schooling needs a supply response from the State through greater investments on public schooling. We estimate the public resource needs for the expansion of government schools for Delhi. The formal policy on regulation of private schools, its various interpretations and the actual practices in the field are examined in the context of Delhi’s LFPSs. 


Macroeconometric Modelling for the Indian Economy (continuation)

  • Start date Feb., 2021
  • Sponsor Self-Initiated
  • Project leader N. R. Bhanumurthy
  • Other faculty Sukanya Bose
  • Focus

    The aim is to find answers to current macroeconomic policy choices, given various external shocks, through policy simulation exercises. Simulations of the impact of external shocks on growth, inflation, external and fiscal balance will be worked out, based on a re-estimation of the NIPFP macro-econometric model, using latest data.  One of the questions of interest is the impact of the FRBM roadmap proposed by the Fifteenth Finance Commission, on macro-outcomes.


Revenue and Expenditure Contours of States in the Pandemic year 2020

  • Sponsor Bill and Melinda Gates Foundation (BMGF) under Approaches to Public Financing of Health in India: The Way
  • Project leader Mita Choudhury
  • Consultants/Other authors Pritam Datta, Rohit Dutta, Rashi Mittal, Garima Nain, Ragini
  • Focus

    This study analyses changes in the revenues and expenditures of major states of India in 2020-21 vis-a-vis 2019-20 (the reference year). On revenues, we examine component-wise changes and transfers from the Central government. On expenditures, we carry out analysis at the sectoral level to understand varied response across states in protecting social sector spending vis-a-vis spending in economic sectors during the pandemic. Aggregate data provided by the CAG, Monthly Civil Accounts compiled by the office of the Principal Auditor General (PAG) in states and revised figures provided in state budgets are used to draw conclusions.