Annual Report 2016-17
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Annual Report 2016-17 National Institute of Public Finance and Policy, New Delhi 41st ANNUAL REPORT 2016-2017 NATIONAL INSTITUTE OF PUBLIC FINANCE AND POLICY NEW DELHI Annual Report April 1st, 2016 – March 31st, 2017 Printed and Published by the Secretary, National Institute of Public Finance and Policy (An autonomous research Institute under the Ministry of Finance, Government of India) 18/2, Satsang Vihar Marg, Special Institutional Area (Near JNU), New Delhi 110067 Tel. No.: 011 26569303, 26569780, 26569784 Fax: 91-11-26852548 email: [email protected] website: www.nipfp.org.in Edited & Designed by Samreen Badr Printed by: VAP email: [email protected] Tel: 09811285510 CONTENTS 1. Introduction 1 2. Research Activities 5 2.1 Taxation and Revenue 2.2 Public Expenditure and Fiscal Management 2.3 Macroeconomic Aspects 2.4 Intergovernmental Fiscal Relations 2.5 State Planning and Development 2.6 New projects initiated 3. Workshops, Seminars, Meetings and Conferences 15 4. Training Programmes 17 5. Publications and Communications 19 6. Library and Information Centre 21 7. Highlights of Faculty Activities 25 Annexures I. List of Studies 2016-2017 51 II. NIPFP Working Paper Series 56 III. Internal Seminar Series 58 I V. List of Governing Body Members as on 31.03.2017 60 V. List of Priced Publications 64 VI. Published Material of NIPFP Faculty 68 VII. List of Staff Members as on 31.03.2017 74 VIII. List of Sponsoring, Corporate, Permanent, and Ordinary Members as on 31.03.2017 78 IX. Finance and Accounts 79 1. INTRODUCTION e 41st Annual Report of the National Institute of Public Finance and Policy, New Delhi is a reection of the Insti- tute’s work in the nancial year and accountability to the Governing Body and to the public. Given on the following pages is an overview of NIPFP’s activities during the year 2016-17. A digital copy of current and previous Annual Reports can be accessed on the Institute’s website at http://www.nipfp.org.in/publications/annual- reports/. BOARD OF GOVERNORS NCAER; Shri R.H. Khwaja, IAS (Retd.), Director-Gen- eral, Administrative Sta College of India; and Dr. e Institute’s Governing Body at its meeting Pratap Bhanu Mehta, President and Chief Executive, held on 19th March, 2016 reconstituted the Govern- Centre for Policy Research. CA Sushil Kumar Goyal, ing Body for a further period of four years i.e. from FCA, President, Institute of Chartered Accountants of April 5, 2016 to April 4, 2020. Dr. Vijay Kelkar heads India is a co-opted member of the Governing Body. the Governing Body as Chairman. Shri Sumit Bose is the Vice Chairman. Dr. Rathin Roy, Director, is the ex-ocio Member-Secretary; and Dr. Ila Patnaik, Professor, e Ministry of Finance is represented by represents NIPFP by way of rotation. Shri Hasmukh Adhia, Revenue Secretary; Shri Shak- tikanta Das, Secretary (Economic Aairs); and Shri Special invitees to the Governing Body are Arvind Subramanian, Chief Economic Adviser. e Shri Sushil Chandra, Chairman, CBDT, Ministry of Reserve Bank of India is represented by Dr. Rajiv Finance and Shri Najib Shah, Chairperson, CBEC, Ranjan, Adviser, Department of Economic and Policy Ministry of Finance, Government of India. (Refer to Research. Shri Bibek Debroy, Member, represents the Annexure IV for details). NITI Aayog. PROJECTS COMPLETED AND ONGOING e representatives of the sponsoring state governments are: Shri Krishan Kumar, Secretary (Ex- Our research goals in the reporting year have penditure), Department of Finance, Government of been achieved by teams working in these major ar- Punjab; Shri Prem Singh Mehra, Principal Secretary eas: Taxation & Revenue, Public Expenditure & Fiscal (Finance), Government of Rajasthan; and Ms. Shee- Management, Macroeconomic Aspects, Intergovern- tal Verma, Special Secretary, Department of Finance, mental Fiscal Relations and State Planning & Devel- Government of Uttar Pradesh. opment. Shri Rakesh Jha is the nominee from the ICI- e Institute continued to contribute to major CI Bank. Shri Sandeep Jajodia, President, Associated areas that needed policy focus in the reporting year: Chamber of Commerce and Industry of India; and Banking Transaction Tax, State nances, Tax policy, Shri Pankaj R. Patel, President, FICCI, are nominees BIOFIN, Public Financial Management, Consumer from institutions. nance and Federalism in South Asia. Research and training projects such as the Training and Assistance ree eminent economists in the governing Programme for CAG on Public Debt Management body are Dr. Shaibal Gupta, Asian Development Re- and FRBM Act and its implementation (July 2015 – search Institute (ADRI); Dr. Errol D’Souza, Professor, July 2016), Biodiversity Finance Initiative under Nat- Indian Institute of Management, Ahmedabad and Dr. ural Resource Management Project (October 2015 Sudipto Mundle, Emeritus Professor, NIPFP. – September 2016), Study on Exploring Arthakranti: A Path to Fiscal Consolidation (2016-2017); Policy Representatives from collaborative insti- research on strategic disinvestment of Central Pub- tutions are: Dr. Shekhar Shah, Director-General, lic Sector Enterprises (CPSEs) and policy analysis on 1 loss making CPSEs (March 2016 – October 2016) and NIPFP continued working on the NIPFP-DEA Re- Warehousing Development and Regulatory Author- search Programme (1st April 2014-31st March 2017). ity (WDRA) Programme (January 2016 - December e research programme aims to provide research in- 2016) were undertaken at the Institute. put to approach several new challenges that face DEA and the Ministry of Finance from time to time in its e tax research team undertook research functioning. work in the reporting year mainly focused on Bank- ing transaction tax titled, A Study on Exploring Ar- e Institute’s focus on State nances only thakranti: A Path to Fiscal Consolidation (2016-2017) widened this reporting year with projects covering sponsored by the Governments of Haryana and Mad- broader aspects being undertaken such as: Investing hya Pradesh. NIPFP has sponsored two individually in Power Sector in Sikkim: Issues, Challenges, and initiated projects in the reporting year: Development Fiscal Risk; Sikkim State Finance: Implications of of Diagnostic Assessment Tool for State Tax Admin- the recommendations of Fourteenth Finance Com- istration (May 2015 to March 2018); and In search of mission’s on Sikkim Finance; Independent Review of a coherent policy for taxation of capital gains in India Compliance to Odisha FRBM Act; Study on Bihar (May 2015 to December 2017). Dr. M. Govinda Rao State Finances; and Governance as Service Delivery: and Dr. Sudhanshu Kumar of the Institute are also Performance of Indian States. (Refer to Research Ac- working on the NITI Aayog sponsored study on En- tivities for details of all projects). visioning Tax Policy for Accelerated Growth (2016- 2017). CAPACITY BUILDING PROGRAMMES In the reporting year, the Institute covered e Institute conducted several training aspects of major economic sectors such as agricul- programmes: Monetary and Fiscal policy for ocer ture, education, health, mining, industry, aviation trainees of Indian Statistical Service (April 25 – 29, etc. through its ongoing projects such as Reform of 2016); Public Finance for Indian Economic Service the Government School system: Towards greater trust Probationers (May 30 –June 03, 2016); 11th Refresher (June 2016 - January 2018, sponsored by Azim Prem- Course in Public Economics for University and Col- ji University); Improving Research and Policies on lege Teachers in South Asian Region (May 30 – June Health and its Financing (December 2015 - Novem- 10, 2016); Intergovernmental Fiscal Transfer Process- ber 2018, sponsored by Bill & Melinda Gates Founda- es in India for Ocers of Ministry of Federal Aairs tion); Fiscal Policy Practices in Mining (October 2016 and Local Development & Local Bodies Fiscal Com- to April 2017, sponsored by NIPFP); Bottlenecks and mission, MoFALD, Nepal (June 14-15, 2016); Fiscal Opportunities in Public Financial Management and Policy and Macroeconomic Management for IAS of- Fund Flows for Health Sector in India (July, 2016 - cers (December 05 - 09, 2016); Public Finance for May, 2017, sponsored by WHO). Ocer Trainees of Indian Audit and Accounts Service (January 23 – February 03, 2017); and Emerging Is- e Institute continued to work on projects sues and Challenges in Public Finance and Policy for on issues that persistently concern the economy such ICAS Probationers (March 06 – 10, 2017). as Governance as Service Delivery: Performance of Indian States; Financial globalization and economic FACULTY HIGHLIGHTS growth in South Asia; Automatic Leading Indicator approach to forecasting India’s GDP and Ination and Vice Chairman, Sumit Bose and Director, Foreign Borrowing by Indian Firms: Implications for Rathin Roy was part of 5-member review panel for Growth and Macroeconomic Stability. FRBM law. e committee submitted its report in October 2016. Dr. Pinaki Chakraborty was appointed e Institute undertook projects in all three as Chairman of Public Expenditure Review Commit- core areas of work: research, capacity building and tee, Government of Kerala. NIPFP Chairman, Vijay policy support in the reporting year. Following the Kelkar was elected as President of the Indian Statisti- fourth MOU signed on 3rd April, 2014 between the cal Institute (ISI). Dr. N.R. Bhanumurthy, Professor, NIPFP and the Department of Economic Aairs appointed as Member, Advisory Committee on Na- (DEA), Ministry of Finance, Government of India, tional Accounts Statistics (ACNAS) 2 DEVELOPMENTS Mr. Diwan Chand, Sr. Research Ocer (Data Bank) superannuated on 30.06.2016. Mr. Naveen Bhalla, Sr. Administrative Ocer superannuated on 30.11.2016. Mr. Arunoday Kumar, Sr. Administrative Ocer joined on 01.12.2016. Mr. Satish Prabhu, Es- tate Ocer superannuated on 30.11.2016. Mr. Anil Sharma, Superintendent (computers) superannuat- ed on 30.4.2016. Mr. Roby omas, Superintendent (computers) joined on 1.12.2016). Mr. S.C Sharma has been promoted as Hostel Manager from 15.06.2016. Dr. Mukesh Kumar Anand was appointed as Asso- ciate Professor with eect from 25.01.2017. Dr. H.K. Amarnath was appointed as Associate Professor with eect from 30.01.2017. 3 2.