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 National Institute of Public Finance and Policy (NIPFP) logo | |
| Agency overview | |
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| Parent department | Ministry of Finance |
| Website | https://www.nipfp.org.in/ |
The National Institute of Public Finance and Policy (NIPFP) is an autonomous research institute under India's Ministry of Finance.
Based in New Delhi, India, the centre conducts research on public finance and contributes to the process of policy-making relating to public finance. The NIPFP also works jointly with the Department of Economic Affairs at the Ministry of Finance to research the effects of past economic policy. [1]
NIPFP is overseen by a governing board comprising a chairman and representatives from the Ministry of Finance, Planning Commission of India and Reserve Bank of India. Urjit Patel is the present chairman and Pinaki Chakravarty is the present director of the institute. [2] The previous director was Rathin Roy [3] and chairman was Vijay Kelkar.
Spread over an area of 3 acres, the institute is situated near Jawaharlal Nehru University and the Indian Institute of Technology. The campus consists of two academic and an office block, residential quarters, a hostel (guest house). [4]
The Reserve Bank of India, abbreviated as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in four of its currency printing presses located in Nashik, Dewas, Mysore and Salboni. The RBI established the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all Indian banks.
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