An autonomous research institute under the Ministry of Finance


Ongoing projects

Pradhan Mantri Jan Arogya Yojana (PMJAY): Design Contours, Emerging Patterns and Cost to the Government

  • Start date Oct., 2020
  • Completion date Oct., 2021
  • Sponsor National Health Agency, Government of India
  • Project leader Mita Choudhury
  • Consultants/Other authors Dweepobotee Brahma and Pritam Datta
  • Focus

    The Central Government initiated a country-wide health insurance scheme for the bottom 40 per cent of population through the Pradhan Mantri Jan Arogya Yojana (PMJAY). This flagship scheme is expected to attract a significant amount of public spending in the next couple of years. We examine the accessibility to the scheme and claims in the first three years to highlight the emerging contours and their implications for the fiscal burden as well as the effectiveness of public spending on the scheme. 

Updating of Public Finance Information and Making it Available Online for the Faculty in Digital Format from Finance Accounts 2017-18 of the Respective States. Completed for fiscal year 2020-21

  • Sponsor NIPFP
  • Project leader Rohit Dutta and Amar Nath
  • Focus

    Making the information available online for the faculty in digital format.

Overview of State Finance Commission Reports (for the Fifteenth Finance Commission under the BMGF Project - Innovations in Public finance

  • Sponsor BMGF
  • Project leader Pinaki Chakraborty, Manish Gupta
  • Focus
    The study examined the approaches adopted by different State Finance Commissions in devolution of resources from the States to the Local governments in different States. This report at the request of the 15th Finance Commission examined 25 State Finance Commission reports. The study analysed the gaps and challenges in the operation of State Finance Commissions and the effectiveness of the SFCs recommendations at the State

Study Critical Issues in Special Areas in India

  • Start date April, 2018
  • Completion date Dec., 2019
  • Sponsor The Indian Council for Social Science Research (ICSSR)
  • Project leader Ila Patnaik
  • Consultants/Other authors Ashim Kapoor, Rachna Sharma, Sameer Pethe, Shefali Malhotra, Chirag Anand
  • Focus
    As part of this project, the National Institute of Public Finance and Policy (NIPFP) is assisting ICSSR to assemble documents towards creating a digital library related to Critical Issues in Special Areas. The digital library would be designed and maintained by NIPFP. The library will include primary materials such as constituent assembly debates, legal instruments, policy documents, UN documents and contracts.

Environmental/Ecological Fiscal Transfers

  • Start date Aug., 2019
  • Completion date Aug., 2021
  • Sponsor Self-initiated
  • Project leader Lekha Chakraborty, Amandeep Kaur, Divy Rangan
  • Focus

    Against the backdrop of the Covid-19 pandemic, the paper explores the empirical evidence for flypaper effects in the ecological fiscal space in India. Using the panel data models, we analyse whether the impact of intergovernmental fiscal transfers or state’s own revenue determines the expenditure commitments on ecology at the state level. The econometric analysis shows that the aggregate intergovernmental fiscal transfers rather than state’s own income determines the ecological expenditure at sub-national government levels. The evidence for the efficacy of flypaper effects either stem from bureaucratic fiscal behaviour or the fiscal illusion of the economic agents about the exogeneity of ecological fiscal space. The results hold, when the models are controlled for ecological outcomes and demographic variables. However, at the disaggregated levels of intergovernmental fiscal transfers - grants and tax devolution - the evidence for flypaper effects is mixed. This result has policy implications and provides empirical evidence to Ministry to Finance about the efficacy of intergovernmental transfers on ecological expenditure at the state government level.