An autonomous research institute under the Ministry of Finance


Ongoing projects

Outcome Evaluation of State Finances in the context of recommendations of the 14th Finance Commission: Determination of a sustainable debt roadmap for 2020-25, taking into account impact of introduction of GST and other tax/non-tax trend forecasts

  • Sponsor Government of J&K
  • Project leader Pinaki Chakraborty

Bi-annual Review of the Compliance of the provisions of the Madhya Pradesh FRBM Act 2015-16

  • Sponsor Government of Madhya Pradesh
  • Project leader Pratap Ranjan Jena

Review of Compliance to Odisha FRBM Act for the Fiscal Year 2015-16

  • Sponsor Government of Odisha
  • Project leader Pratap Ranjan Jena
  • Focus

    The review report contains detailed evaluation of the State finances as projected in the budget for the year 2015-16 and the budget out-turns as reported in the Finance Accounts for the year and the fiscal management principles enunciated in the FRBM Act. The review report assessed the achievements of the State Government while implementing the provisions of FRBM Act.

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

  • Start date June, 2017
  • Completion date Oct., 2017
  • Sponsor Ministry of Skill Development & Entrepreneurship (MSDE)
  • Project leader Ajay Shah
  • Consultants/Other authors Anirudh Burman, Suyash Rai and Aditya Singh Rajput
  • 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.

Public Expenditure Management in Assam

  • Sponsor Government of Assam
  • Project leader Pratap Ranjan Jena
  • Focus

    The report was part of an overarching study on Assam State Finances. The report analysed Public expenditure management system of Assam including budget management processes and systems, compliance of the Government to various objectives of the fiscal rules, resource management, internal audit and control mechanism, accounting and reporting, and procurement systems. The report suggested reform measures to bring in performance orientation to the budgeting environment, multi-year spending perspective, strengthening fiscal rules, inculcating transparency and hard budget constraint, improving prioritization in spending pattern and improving technical efficiency.