An autonomous research institute under the Ministry of Finance


Ongoing projects

2017-18 Evaluation of Governance Parameters of Pradhan Mantri Awaas Yojana-Gramin (PMAY-G)

  • Start date Dec., 2017
  • Completion date Sept., 2018
  • Sponsor Ministy of Rural Development,GOI
  • Project leader N.R. Bhanumurthy and H. K. Amarnath
  • Other faculty Bhabesh Hazarika
  • Consultants/Other authors Krishna Sharma Tanvi Bramhe Kanika Gupta

Assessment of the Riskiness of the Airport Sector and estimating fair rate of Return on Equity (RoE)

  • Sponsor Airports Economic Regulatory Authority of India
  • Project leader Ajay Shah
  • Consultants/Other authors Suyash Rai, Apoorva Gupta
  • Focus

    The scope of the project include the equity evaluation for all the airports (4 major private airports - Delhi International Airport Pvt. Ltd., New Delhi; Mumbai International Airport Pvt. Ltd., Mumbai; Bangalore International Airport Ltd., Bengaluru; GMR Hyderabad International Airport Ltd., Hyderabad;) keeping in view the risk profile of the projects/airports; recalculation of the beta values for the foreign airports being used as benchmark for beta values, review of the approach regarding use of book value of weighted average cost of capital, evaluation of the stakeholder comments received in response to DIAL's proposal and assisting the Authority in disposing the stakeholders comments on the fair rate of return issue.

Public Finance Information System

  • Sponsor State Finances Unit, NIPFP
  • Project leader Amar Nath H K
  • Consultants/Other authors Diwan Chand, Gita Bhatnagar
  • Focus

    Comprises of Budgetary information sourced from Finance Accounts of various states for historical data and from Budget Documents for the current period. Disaggregated information on State Finances is maintained at the Institute for time series starting from 1987-88.

Macro-Economic Analysis, Fiscal Policy, and Forecasting

  • Sponsor Ministry of Finance
  • Project leader Sudipto Mundle
  • Other faculty N.R. Bhanumurthy
  • Consultants/Other authors Sukanya Bose, Shovanbrata Talukdar
  • Focus
    This study attempts to estimate fiscal multipliers for various revenues and expenditures using a macro model. It also attempts to prepare a framework for forecasting of inflation in the short to medium term, with the help of automatic leading indicator approach.

Approaches for Controlling the CAD during 12th Plan Period

  • Sponsor Planning Commission, Government of India
  • Project leader Sudipto Mundle
  • Other faculty N.R. Bhanumurthy
  • Consultants/Other authors Sukanya Bose
  • Focus

    This attempts to analyse the impact of high CAD and various rates of WPI inflation on growth and other macro variables in the 12th Plan period as well as in 2013-14.