An autonomous research institute under the Ministry of Finance

 

Policy support

 

NIPFP extends its support to public policy formulation not only through research, but also through representation of NIPFP faculty in various committees and commissions of the Central and State governments. It has made significant contribution to policy recommendations of Indirect Taxation Enquiry Commission, Economic Administration Reforms Commission, the Tax Reforms Commission, Expert group on the Reform of Domestic Trade taxes in India, Expert Group on Taxation of Services, Expert Group on the Introduction of VAT. More recently, the institute has made a significant contribution to the background research done for the Financial Sector Legislative Reforms Commission (FSLRC), and estimating revenue neutral GST rates at the request of the Empowered Committee of State Finance Ministers. Members of the NIPFP faculty have also served as members and advisors to various Finance Commissions constituted by the Government of India. Repeated references by the Finance Ministers in budget speeches to the Institute’s work on several policy related issues is a testimony to the importance of NIPFP in policy formulation.