An autonomous research institute under the Ministry of Finance


Ongoing projects

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

Organisation Design and Internal Processes for Establishing an Effective National Council for Vocational Education and Training” (“NCVET”)

  • Sponsor Omidyar Network Services
  • Project leader Ila Patnaik
  • Consultants/Other authors Pratik Datta, Sarang Moharir
  • Focus
    The study to improve the quality of skills development programs throughout India by providing assistance to NCVET (established by merging two regulatory bodies, NCVT and NSDA. The study will produce a design for NCVET; identify the priority areas, list the important functions and processes required to be performed by the NCVET. The study will also identify the important regulatory instruments, contracts and guidelines that the NCVET will be required to issue and enforce soon after its establishment. NIPFP will engage with the Ministry of Skill Development and Entrepreneurship (“MSDE”) and other stakeholders to assist in the development of an implementation plan for the establishment of the NCVET, and shall organize consultations and meetings in this regard (Feb 2019-Aug 2019).

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.

Making Land Markets Work Better

  • Start date April, 2019
  • Completion date March, 2021
  • Sponsor Omidyar Network
  • Project leader Ila Patnaik
  • Consultants/Other authors Devendra Damle
  • Focus
    Land is an important factor of production and possibly one of the least reformed factors of production in the Indian economy. The increased pace of growth and consequent urbanisation over the past two decades have led to demand-driven transformations in land markets. The objective of this study is to:
    1. Gain knowledge of land administration systems, in order to improve in administrative design and capacity.
    2. Understand role of rights and restrictions on land in order to reduce inefficiencies, lower transaction costs and create better property rights in land markets.
    3. Understand market failures in land markets, and the role and design of regulations governing land

Study on "Assessment of credit stress in the Indian Corporate Sector"

  • Start date July, 2017
  • Completion date June, 2017
  • Sponsor Ministry of Corporate Affairs (MCA)
  • Project leader Ajay Shah, Radhika Pandey, Pramod Sinha, Amey Sapre
  • Focus
    To fill the prevalent corporate stress gap through (i) Assessing the vulnerability of the Indian corporate sector using firm level dataset (ii) Analysing corporate stress across different sectors and sub-sectors using a number of indicators, and constructing a sector-wise vulnerability index (iii) Quantifying credit stress using the Distance-to-Default methodology.