For internal circulation National Institute of Public Finance and Policy Newsletter Vol. 15, No. 1, JANuary 2018

Director’s column

The second half of 2017 was marked by intensive debate on structural features impact- ing the Indian economy. The NIPFP faculty participated actively in contributing to this debate. Our contributions were, of course, analytical, not rhetorical. Thus, we have published work on Corporate Tax Incidence in , an analysis of revisions in Indian GDP data, the effect of inter-governmental transfers on public services. Our faculty have also addressed several work- shops including macroeconomic and financial institution building, GST, and financial sector reform.

Our flagship public finance work in the second half of 2017 was an analysis of State Finances which incorporates analysis of States Budget 2017-18, revised estimates 2016-17 and Finance Accounts 2015-16. The seminar was extremely well attended by academicians and public officials from the Centre, the States, and the Reserve Bank of India. This has now become a landmark event in the -Pub lic Policy calendar bringing together all stakeholders to discuss our analysis of State Finances which has assumed increased importance over time.

We continue to very strongly focus both on Gender Budgeting and Environmental Issues in Public Finance. Faculty have been involved in presenting on gender equalities and fiscal space as well as international initiatives on gender budgeting in the Asia Pacific. On environmental public finance, we have been working quite actively on public finance and biodiversity, and on analytical issues facing the development of the green bond market in India. We have also presented key work on public finance issues in education and health. Our portfolio in both these areas continues to grow with strong demand.

Our international work continues to be wide in range and scope. Faculty have been subject experts on fiscal policy on economic diversification in the Arab region, on international perspectives on gender budgeting, on international issues facing developing countries trade, development and challenges to globalisation, and the work of the Independent Commis- sion for the Reform of International Corporate Taxation.

We are also extremely happy that the Fifteenth , has requested NIPFP to deliver 4 research papers on different domains of the Commission’s work. This is of great importance to fiscal policy in the country and we are fully geared up to meet this challenge. In addition, we continue to work with key partners in the central and state govern- ments on different fiscal reform initiatives which require mobilisation of the entire senior faculty, ably supported by younger colleagues.

Going forward, we have a lot of important policy & research to execute and complete and we have a very busy 2018.

Rathin Roy

PROJECTS COMPLETED Sponsor: NIPFP Team: Rudrani Bhattacharya, S. Banerjee, M. Srivastava Central Transfers to States in India: Rewarding Objective: In this study, we evaluated the stickiness in price Performance While Ensuring Equity (May – Aug, 2017) adjustment for the aggregate Consumer Price Index for Sponsor: NITI Aayog, Industrial Workers (CPI-IW) and its major components in the Team: M. Govinda Rao context of Indian economy. Objective: This study attempts to review the prevailing system of transfers and attempts to identify reform areas. Public Expenditure Management in Assam Sponsor: Government of Assam Impact evaluation study of the Digital-India Land Records Team: Pratap Ranjan Jena Modernisation Programme (Dec 2016 – Jul 2017) Objective: The report analysed Public expenditure Sponsor: National Council of Applied Economic Research management system of Assam including budget Team: Ajay Shah, A. Burman, S. Rai, D. Damle, Itishree Rana management processes and systems, compliance of the Objective: To evaluate the performance of various activities Government to various objectives of the fiscal rules, resource taken up under the erstwhile NLRMP and present DILRMP, management, internal audit and control mechanism, identify constraints in the implementation of these accounting & reporting, and procurement systems. programmes, identify good practices and the gaps in achievement of NLRMP objectives and suggest appropriate Research and advisory services for Restructuring and changes to improve the effectiveness of DILRMP. Strengthening of National Council for Vocational Training (NCVT) (Jun – Oct 2017)

Institutional Assessment and Gap Analysis of Tribal Sponsor: Ministry of Skill Development & Entrepreneurship Research and Development Institute (Sep – Dec, 2017) Team: Ajay Shah, A. Burman, S. Rai, A.S. Rajput Objective: To help the ministry make decisions about Sponsor: Tribal Research and Development Institute (TRDI), restructuring NCVT as a regulator. This includes decisions and Bhopal, Government of Madhya Pradesh functions of NCVT as well as its governance and processes. Team: Pinaki Chakraborty, R. Bhattacharya, S. Tripathi Objective: To enhance the capacity of the tribal research Review of Compliance to Odisha FRBM Act for 2015-16 institute, conduct research & evaluation, generate evidences for policy recommendations, especially for the tribal. Sponsor: Government of Odisha Team: Pratap Ranjan Jena Objective: The review report contains detailed evaluation of Macroeconomic Policy Management for SDGs: Identifying the State finances as projected in the budget 2015-16 and the Monetary and Fiscal Policy Tools (Aug 2017 – Feb 2018) budget out-turns as reported in the Finance Accounts for the year and the fiscal management principles enunciated in the Sponsor: Macroeconomic Policy Division, UNESCAP FRBM Act. Team: Lekha Chakraborty

Objective: The study analyses the macroeconomic policy regimes in Asia-Pacific Region and identifies the specific policy tools for Integrating SDGs. BOOK, MONOGRAPHS, CHAPTERS IN BOOKS, AND EDITED VOLUMES/REPORTS

Medium-Term Fiscal Plan for Sikkim: 2017-18 to 2019-20 • Bose, S. and A. Kumar, 2017. Financialisation in Sponsor: Government of Sikkim contemporary Capitalism: An inter-sectoral approach to Team: Pratap Ranjan Jena trace sources of instability in finance, real estate and Objective: The report presents the Medium-Term Fiscal business services in India (ch. 12) in (ed.) Sen, S. and M.C. Plan for the Government of Sikkim for the year 2017-18 to Marcuzzo, The Changing Face of Imperialism: Colonialism to 2019-20. Contemporary Capitalism. Routledge.

Micro-level Price Setting Behaviour in India: Evidence • Chakraborty, L., 2017. Macroeconomic Policy from Group & Sub-Group Level CPI-IW Data Management of SDGs, report prepared for UNESCAP. (Dec 2016 - Dec 2017)

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• Chakraborty, Pinaki & S. Garg, 2017. • Bhanumurthy, N.R., B. Mohanty and A. G. Dastidar, 2017. , Academic Foundation, 232: 27-32. , Asia Pacific Development Journal, 24(2). • Choudhury, M., R.K. Mohanty and A. Garg, 2017. • Bhanumurthy, N.R, S. Bose & Parma Chakravartti, 2017. National Health Mission: A Study of Selected States, report prepared for WHO. , Journal of Quantitative Economics, pp.1-33. • Mukherjee, S. & D. Chakraborty, 2017. • Bhattacharya, Rudrani and Abhijit Sen Gupta, 2017. , in (ed.) Chaisse Jullien, , Macroeconomics and Charting the Water Regulatory Future: Issues, Challenges & Finance in Emerging Market Economies. Directions, Ch. 13, pp. 257-296, Edward Elgar: U.K. & U.S.A. • Chakraborty, Lekha and Kushagra Om Varma. • Mukherjee, S., 2017. India’s , in (ed.), Agarwal, Anjali Goods and Services Tax (GST): Impact Prajnan: Journal of Social and Management on the Indian Economy, Ch 1, pp. 3-17, New Century Sciences Publications. • Chakraborty, Pinaki and Bharatee Bhusana Dash, 2017, • Nayak, D.K., 2018. , Public Budgeting and in (eds.) Swain, M., and C. Nayak Agrarian Distress Finance, 37(4): 111-137. and Farmers’ Suicides in India. pp. 145-163. New : S.K. Book Agency. ISBN 978-93- 8315-839-3. • Choudhary, M., R.K. Mohanty and J.D. Dubey, • Rao, Govinda M., 2017. India’s in (ed.) Khan Nasser Ahmed, Economic and Political Challenges and Issues in Indian Fiscal federalism, Singapore: Weekly, 53(10): 74-78, March. Springer, pp. 9-15. • Pandey, R. and I. Patnaik, 2017. • ------, 2018. , (Reproduced from Economic and Political Weekly, 1985) in NUJS Law Review, 10(3), Aug. (ed.) Ramkumar R. Note Bandi, Oxford University Press. • Rao, R. K. and S. Mukherjee, 2017. • ------, 2017. , Asia-Pacific , in (eds.) Kapila Uma, Tax Bulletin, 23(4). Commemorative Volume on Raj Kapila, Academic

Foundation. • ------, 2017. , Report prepared for NITI Aayog. • Chakraborty, Lekha (with Samiksha Agarwal) 2017, , Working Paper No. 898, • Roy, Rathin, 2017. Oct 2017, The Levy Economics Institute, New York. in (eds.), Gupta, Sanjeev, Michael Keen, Alpa Shah, and Genevieve • ------, Mariam Ingrams and Yadawendra Singh, 2017. Verdier, Digital Revolutions in Pubic Finance, International Monetary Fund: Washington. , Working Paper, IDRC GRoW Series,

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McGill University, Montreal, Canada. • Barua, Rashmi, Prarthna Goel and Renuka Sane, 2017. ii ais n i Insna Tandon, S., R. K. Rao 2017. ad isiniin a an • aia sias India, NIPFP WP No. 214 as, NIPFP WP No. 200. • Pandey, R., Amey Sapre and Pramod Sinha, 2017. a Bose, S., P. Ghosh and A. Sardana, 2017. Resource • ds n II sis s a Indian Requirements for Right to Education: Normative and the anain s NIPFP WP No. 215. Real, NIPFP WP No. 201. • Hazarika, B., 2017. siin nd In a Mohanty, R.K. and B. K. Sahoo, 2017. ainin • in a Ina iniss n nndiina ani an Ind India aa ani a in and Inds NIPFP WP nn nasis a, NIPFP WP No. 202. No. 216. • Tiwari, A. K., D. Ghei, P. Goel, 2017. ia i • Banerjee, Shesadri, and Rudrani Bhattacharya, 2017. i ns in ai idn Indias i i in ai in India idn nis in NIPFP WP No. 203 and II aa NIPFP WP No. 217 • Hazarika, B. and P. R. Jena, 2017. i n in India ssssn Insiina anis • Rao, M.G., 2017. Innna ans and s, NIPFP WP No. 204. anss n i is in India NIPFP WP No. 218. • Chhibber, A. and S. Gupta, 2017. d isinsn • Rao, M.G., 2017. i inan in India in n an nas i a ad India’s n NIPFP WP No. 219 India’s and niss, NIPFP WP No. 205.

• Manjhi, Ganesh and M.K. Mehra, 2017. nais nis ia Ins iis, NIPFP WP No. 206. II II • Tandon, S. and R. K. Rao, 2017. a ian in India I n ina a, NIPFP WP No. 207. • Seminar on in Inis isass in a i • Datta, Pratik, Surya Prakash B. S. and Renuka Sane, 2017. n and inna, at NIPFP, Jul 18, 2017. Speaker: ndsandin diia a a In a Olivier Telle, Centre National de la Recherche Française aa ina in India, NIPFP WP No. 208. (CNRS).

• Bhattacharya, Rudrani, 2017. inss na • Seminar on a i s insis n i in aiisin d Inain idn ndi snn inas and dand in nis, NIPFP WP No. 209. anaii at NIPFP, July 21, 2017, by Mandira Kala and Anviti Chaturvedi, PRS Legislative Research. • Chakraborty, Lekha and Y. Singh, 2017. isa i as as s nd inia • Seminar on nii and a ndains an Ias in India, NIPFP WP No. 210. isin ain Iiains i aia Insis i Innins in and • Chakraborty, Pinaki, Manish Gupta and Lekha at NIPFP, July 25 & July 28, 2017, by Bhuvanesh Chakraborty, 2017. d da in aasan Awasthi. inans, NIPFP WP No. 211. • Seminar on s isan a and • Halan, Monika and Renuka Sane, 2017. ain nan in a India at NIPFP, Sep 01, 2017, by ns inan disss a as Karan Nagpal, PhD Candidate at the Department of i insan NIPFP WP No. Economics, University of Oxford.

• Sapre, Amey and Rajeswari Sengupta, 2017. n anasis • Seminar on ia n Indian insn isins in Indian daa NIPFP WP No. 213

Page 4 NIPFP Newsletter, Jan 2018, Vol. 15 No. 1 at NIPFP, Sep 06, 2017 by Gaurav S. Ghosh, EY’s Economic and Policy Advisory Group, .

• Seminar on Idniin anins anan in Indian anis at NIPFP, Sep 21, 2017, by Deep Narayan Mukherjee, IIM Kolkata.

• Seminar on a nds and in i i iiisain s in a iis India at NIPFP, Oct 17, 2017, by Avanti Durani, IDFC Institute, .

• Seminar on IMF’s as d ni and a arar F eam ra aa inania at NIPFP, Oct 30, 2017, by ndas ra aaara a a aa m se e arma F s aasa rmer Fae erear a I erme a ra a a e erear maa raes • Seminar on niiain nin and Ia India’s sna Insn and an i and sndin a ai inania ain in sin a inania isis at NIPFP, Oct 31, 2017 and Nov 03, 2017, by Adam Feibelman, Tulane University Law School.

• Seminar on Is a na n I n ni India an i a d a d n at NIPFP, Nov 06, 2017, by Sourajit Aiyer

• Seminar on Asia’s inania is ad d at NIPFP, Nov 22, 2017 by i ann sia • Vijay Kelkar, Chairman, NIPFP participated in the session d in on ain i as , in India Energy Forum by CERAWeek, held at Taj Diplomatic Enclave, New • Seminar on Indian an ss Delhi on October 9-10, 2017, (pic above). at NIPFP, Dec 11, 2017 by M.S. Sahoo, Insolvency and Bankruptcy Board of India. • Two-day conference on inin in a i , India Habitat Centre, , Oct 26-27, • Seminar on nasis Ina a 2017 (pic below). Programme coordinator: Ajay annin ais inainas and Ia Shah [Keynote Speech by , Comptroller at NIPFP, Dec 13, 2017 by Ranjana and Auditor General of India]. Gupta, Auckland University of Technology, New Zealand.

• 2nd a nis i nn 2017, jointly, NIPFP and the Institute for New Economic Thinking (INET), IHC, New Delhi, Dec 4-5, 2017. Programme coordinator: Ajay Shah.

• One-day seminar on the i i ss na dain at NIPFP, New Delhi, Dec 9, 2017. Programme coordinator: Sukanya Bose.

• A half-day NIPFP-IDRC Seminar on Isss in a inans – nasis a ds , Tamarind Hall, India Habitat Centre, New Delhi, Aug 18, 2017 (pic • One-week training programme for IAS Officers on isa above). Programme coordinator: Pinaki Chakraborty. i and ani anan NIPFP, New

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a session titled G a ollection in deelopin • , participated and deliered Keynote Address on countries e as discussant of paper, “ ” and also haired the session on “Economic and Policy” in the IndoSiss oint seminar, , niersity he Indian ouncil for Social Science esearch ISS and of ar es Salaam, ananianiersity of ape oast I A niersity of ausanne – Associated eadin Ghana, anania, IIP Annual onress, oyo ouse asel, Siterland, Sep ,

• Pandey, ita, presented a paper, “ • , ae a seminar on “T ”, an of Italy, Italy, Sep , ” co authored, in rd Annual onference of European Association of Enironmental and esource Economists, • , participated and ae a presentation on “ Athens, Greece , un ul , ” durin session on “Air uality and health” at the conference on e hinin in ealth Policy, IPP, • , presented on “ e elhi, ct , Issues” in ourth eional onference on Mainstreamin iodiersity, MoE and P, handiarh, Au , • , participated and ae a tal on “ ” at the today orshop on “Disaster esilient Infrastructure in the imalayas • , presented on pportunities and Challenges”, ttarahand State isaster in ifth Manaement Authority SMA, ehradun, o , eional onference on Mainstreamin iodiersity, MoE and P, yderabad, Sep , • , participated and ae a tal on “ report” • , presented a paper on ‘ “Macroeconomic ’ at orshop on ” at the nd a Economics Policy Sustainable Production onsumption and oel onference , IPP Institute for e Economic Economic Instruments for iodiersity onseration, IIM hinin, e or, I, e elhi, ec , analore, o , • ao, K, panellist in a discussion on “ • , presented a paper on ‘ ”, at SI ’ in onference on anin and Economics onclae, Mumbai, uly , ‘Sustainable Infrastructure’ oranied by Green Groth Knolede Platform, ashinton, , o , • , speaer at the roundtable discussion on , E School of th • Patnai, Ila, uest speaer in PP uarterly ecture Manaement, e elhi, Au , Series on “ ”, entre for Public Policy esearch, Kochi, Kerala, uly , • , deliered eynote address on , th Annual onference of ttar Pradeshttarahand Economic • , deliered Madha Pandey Memorial ecture on Association, undelhand niersity, hansi, ct , “ ”, School of Studies in Political Science and Public Administration, iai niersity, • , deliered openin remars for , Galior MP, Au , Symbiosis School of Economics, Pune, ec ,

• , participated as panellist in the session on “ • ao, MG, chaired a Panel iscussion on , IIM, analore, Au , ” in seminar on eie of isaster Manaement in India, elhi Policy Group in • , attended meetin of the Independent ommission collaboration ith ational isaster Manaement for the eform of International orporate aation, Authority, e elhi, Au , II, e or, Sep ,

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• , seaer at the irst Session of the Committee on conference on a er eeme a mer acroeconomic Policy, Poerty euction an inancing sses a ersees, IID, umbai, ct , for Deeloment, ESCAP, Dec ,

• , chaire a Panel Discussion on uic inances in • , resente the results of the aet trens an Inia Macroeconomic erspectie Annual ICIE – reportin o crime SATAC surey conucte by the E Conference, eemrana ort Palace, Dec , IDC Institute at the aharashtra Police , umbai, ct , • oy, athin, articiate as a Panelist in a roun table on niersa asic Income in Inia merin erspecties • , resentation on nerstanin sources o air organie by Institute for uman Deeloment, at IIC, e poution at the conference on e Thining in ealth Delhi, ul , Policy, ct ,

• , iscussant in a session on eep ie into tate • , articiate in the Panel Discussion on Iniiua uets in Inia in Inia Policy orum, CAE, ul , Insoenc at the ountable Staeholer Consultation on Insolency esolution, , Delhi, ct ,

• , inite as iscussant in a lecture on rae • , articiate in ountable on ata rotection eeopment an aenes to oaisation eliere riac in Inia, ICIE, ct , by Dr uhisa ituyi, S, CTAD in an Asia conference ———, ountable on Iniiua Insoenc, SIPI ISE, on Consumer Protection, CTAD I at ICCI, e • in association ith II, organise to see unerstan the Delhi, ct , issues in rafting rules regulations on iniiual • , inite as iscussant for the iscussion to eliberate insolency, o , on the oe an eeance o in ans, rooing Inia , resente on “Criminal ustice system Thining at rooings Inia office, e Delhi, ct , • about olice reform”, at the n a conomics • , inite to sea at era e rts Ieas u, oic, Dec , Ta ansingh in e Delhi, ct , • , anellist at rountable on Impications o te • , inite to gie comments on eort of it tate Insoenc anruptc oe for creitors inance ommission o ami au, IDS, Chennai, o cororates, Dec , , • Shah, A, articiate in iscussion on “Ecommerce ch” in • , eliere the Secial Aress at the Inaugural an eert rountable on ectronic ommerce an , Session an also to cochair the Session title IPP, Electronic rontier ounation E an ASA, “ioiersit inance Initiatie – oe conomic yeraba, ul , Instruments an ustainae rouction an , articiate an gae a tal on tate o te conom onsumption” in the II International orsho on • at the IA India’s C orum, International aret “Sustainable Prouction an Consumtion an oel Assessment Inia Priate imite, Chennai, Aug , Economic Instruments for ioiersity Conservation”, II angalore in collaboration ith inistry of Enironment, • , articiate an gae a tal on Micropruentia orests an Climate Change, the Conention on iological euation or inec in the inancial Systems Design Diersity an DP at II angalore, o , Conference on the theme Designing egulations for a aily Eoling inancial System, I inance • , inite as anelist on the oicies an roramme to ounation, at Chennai, Aug , noc imate Inestment in the ening Plenary Day Session, the International inance Cororation IC, orl • , articiate in anel iscussion on inance ata an rou, Ta Palace otel, e Delhi, o , cience at an eent, Carnegie ellon niersity, angalore, Aug , • Sane, enua an alan, Presente aer title, euatin onsumer inance in Inia o iscosures • , articiate an gae a tal on “More efficient eent Matter e ase o ie Insurance at the IEAIID studies” at the orsho on Matematics conomics

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Indira andhi Institute of eveloment esearch II, Institute for e Economic hinin, e or, I, Mumbai, Se , ec ,

• , articiated as uest enote Seaer and delivered • , articiated as a discussant for aer “Identifyin the seech on “Indian inancial Maret eform he State of earl arnins of currenc crisis in India”, and in discussion the rt, 2017” at the India i Conference, I radin on “Strengthening the udicial exoskeleton” and Communit, Mumbai, Se , Chairerson for the session on “Macroeconomics, marets and firms” at the th Emerin Marets inance • , articiated as enote seaer and delivered tal on Conference, oranised b II in collaboration ith “Indian Macroeconomics and inance Stress and Strain” in anderbilt a School, Mumbai, ec , the session on at the th nnual C eadershi Conclave on the theme • , articiated as anellist in the anel titled “Costs of i Eiht – Ideas that are shain our orld, Media, eistration of Property” at the orsho on the daiur, aasthan, Se , , eartment of Industrial olic and romotion I, Ministr of Commerce and • , articiated as discussant in seminar on Industr, e elhi, ec , , International Initiative for Imact Evaluation, e elhi, Se , • , articiated as discussion leader in sessions on “Eliminatin ransaction Costs ortunities of iital Governance” and “Next Steps” at the Collouium on , Centre • hanumurth, , invited b uru ana ev niversit, for Civil Societ, aiur, ct , mritsar to deliver a lecture on ul ,

• , articiated and resented on “The rise of • , delivered the overnmentfunded health insurance in India” and Chaired niversit of Madras, Chennai, u , session on at the conference on e hinin in ealth olic, I, e elhi, ct • , delivered lecture on , at ational rainin roramme on saae eeme as, International • , articiated as anellist in the anel discussion on Centre for Environment udit and Sustainable “Roadmap for a land maret in India” in the roundtable on eveloment iCE, aiur, u , , Indira andhi Institute of eveloment esearch II, Mumbai, ov , • , delivered lecture on ari Collee, , u , • , articiated as anellist in the discussion on “Re imainin payments” in the roundtable on • , delivered inauural address in the orsho on IIanur, Se , Indira andhi Institute of eveloment esearch II • , delivered a lecture on and aal, Mumbai, ov , in the nd efresher Course on Economics CC, , Se , • , articiated as discussant in the session on “Disruptive echnoloies and Economic Regulations” at • ave a tal on , for the th iennial Cometition, IEC roram, I, e elhi, Se , , CS International and CIC, • , ave a tal on , at I aiur, ov , Staff Collee, Chennai, in their three da conference, Se , • , articiated and ave a tal on “The issues” durin the session on “High erformance regulators” at • , invited b ES e or and C , I, e elhi and eneva for the Eert rou Meetin on the

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NCTD, Geneva, ct , 2017 • , delivered lecture on , Program on “Public , delivered a lecture to IS fficers, The International • inance Budgeting”, indal niversity, ct , 2017 Centre for Environment udit and Sustainale Development iCED, aipur, Nov , 2017 • , delivered lecture on , Institute of Management , gave a talk on “FiscalMonetary Nexus in India”, for • Technology, Ghaiaad, ct , 2017 the ITEC program, ING, Ne Delhi, Nov , 2017 • , lecture on , invited y NESC, eirut, for discussion on • , ITEC Training Program on Pulic Expenditure and also gave Management Government ccounting, Institute of a talk on Time Series Econometrics, Nov 212, 2017 Government ccounting inance, Controller General of ccounts, Mo, Nov , 2017 • , delivered a talk to ll India Civil Service fficers, MCRHRD, Hyderaad, Nov 17, 2017 • Chakraorty, Pinaki, lecture on India’s • , attended of NITI ayog Chair at Raasthan niversity, aipur, Dec , 2017 Pacific Pension and Investment Institute PPI, Ta Diplomat, Ne Delhi, Nov , 2017 • , invited to release and speak on , y NESCP, Ne Delhi, • , delivered a lecture on Dec 11, 2017 at the ITEC Training Programme on Pulic Expenditure Management, CG ING, Ministry of • , delivered keynote talk on inance, Ne Delhi, Nov , 2017 during the th nnual Conference of the Indian Society of aour Economics, at • , participated in a orkshop in setting up Maharashtra Gulati Institute of inance and Taxation, GIT, Policy Research Institute at SHD, Pune, Nov 10, 2017 Trivandrum, Dec 117, 2017 • , Special talk on at the Malcolm diseshiah Mid yearRevie of Indian Economy, NCER and India • hattacharya, Rudrani, delivered lecture on International Centre, Ne Delhi, Nov 11, 2017 , at Department of Economics, • , invited y Shastri Indo Canadian Institute to deliver a Doon niversity, Nov 22, 2017 talk on , IHC, Ne Delhi, Nov 2, 2017 • Chakraorty, ekha, lecture on • , Invited as a key speaker for niversal Health Coverage , at ITEC International Training Programme Day 2017, to speak on The on eer e r ee r Delhi, ul Park Hotel, Ne Delhi, Dec 1, 2017 1, 2017 • Mohanty, R, participated and delivered a series of , invited as Resource Person in NESCPMinistry of • lectures covering oth Theory and Practical application on oreign ffairs siaPacific Regional Meetings, Thimpu, utoregressive Distriuted ag RD, ector Nov 11, 2017 utoregression R, ector Error Correction Models ECM, Cointegration tests etc, in aculty Development • , lecture on , Giri National a Institute, Noida, Dec , 2017 Program in ‘Applied Econometrics’ organied y the anasthali idyapith, Raasthan, and sponsored y Ministry • ena, PR, lecture on of Human Resource Development, Government of India, , National Sep 10, 2017 Training Program on udit on Sustainale Development Goals, International Center for Environment udit • Nayak, D, delivered lectures and practice session as Sustainale Development iCED, aipur, ug 1, 2017 Resource person on the topic in a National aculty Development • , delivered lecture on Programme in ‘Applied Econometrics’ held at anasthali , ICS fficers CG, ING, Mo, Sep 21, 2017 idyapith, Raasthan during Sep 1, 2017, under the

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sceme o Pandit adan oan alaia ational eent, nited ations ocial Impact Fund IF, arina ission on eacers eacing, , oernment o Ba ands onention entre, ingapore, o , India • ———, asn isss ad an • ao, , lecture on ain IA n in sia and aii sn and raining programme at BAA, ussourie, ul , in te egional Epert roup eeting E organied b te uman eelopment eport ice, in collaboration • , deliered lecture on a Indian n – it Pao P in ientiane, ao P, ec , iin – d id a aai, India International entre, e eli, ul , • , deliered a lecture on “na Isss in Indian isa icy” in a conerence on ‘Political Econom • , lectures on i inan in India isa o India’ organied b epartment o Economics, Bomba dais in India, II, Bangalore, ul , niersit, Bomba, ec ,

• , tal, ain , Amedabad • , deliered enote peec at te conerence on anagement Association Amedabad, Aug , inan nis, II olata, ec ,

• , aiain na and isa iis • a, A, tal on aadin nis in asin Abraam emorial ecture epartment o Economics, t an a i Economics esearc nit, II Bercmans ollege, anganasser, erala, o , olata, Aug ,

• , iamond ubilee ecture eries o te epartment o • , deliered lectures on ain – ai Economics, iin Insn ia, t at Pase o idareer raining or IA icers, Bercmans ollege, anganasser, erala, o , BAA, ussoorie, ct ,

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NIPFP Newsletter, Jan 2018, Vol. 15 No. 1 Page 11

• i in ad on • ain conoic dioy oncil to lit lloi Pi init ct onad a oc to a India’s olntay ational i at t i • i lit cola o aad a l Political oP on tainal lont cool to connd o l oitt to ano India’s old at –II ayo • i e ms • a di at P o o olin a • aa inai aian ala Plic t tatic Plan o t P o a iod o to ndit i oitt P onnt o ont till ct ala • y I conoic ac ad o • a o t ical tatitic I an ontittd y ational tatitical oiion • an na oin oitt to a • ointd a a anl o t aation o I o t i ictiiation Survey’s, a o Polic coilation o t inancial itoy o ala inanc ac and lont onnt o ala • a atnt o lconication • onin ody o t lati Intitt o I on tai and accontin att o inanc and aation iand intnational tlconication ic – a aa ana id a o ra • • ad di ational onanc ic eeme es m e and ra iitd c itannia Indti iitd aae ms s e ra Feerasm onad • on o t ciint o ati ac tdnt III lloi Pot octoal at cool o Plic dinitation and anadaIndia nt alton • alation o onanc Paat o Padan anti niity ttaa o c aa oana – ain P sre sr ra eeme erme a • id a oo ooal o otld • Plic inancin o alt in India ay oad • an d i noinatd a o t iay sre a ea aes Fa oitt Intitt o tdi in Indtial lont II aant n li • II oiliin oc o iodiity onation sre • aa aticiatd a iiin in aclty lont Poa on ‘Applied Econometrics’, • Innoation in Plic inanc sre a oanid y anatali idyait aatan and ea aes Fa onod y inity o an oc lont a onnt o India – • ata ao oind t Intitt a Pincial onltant and ia i in and P er and e • eraa ra ree r a eeme • ancan anda a aointd a onoay iitin anai I cadic oncil o Indian Intitt • aclty l o oin ad a oc to a a lan o t talint o coalition o iat ilint Inatct

• a oitt to ano India’s old Published, designed & printed by Samreen Badr, on behalf of at ontittd y t II ayo li the National Institute of Public Finance and Policy, 18/2, Satsang Vihar Marg, Special Institutional Area, New Delhi - 110067 & produced by VAP Enterprises. Tel.: 41755660 Email: [email protected] & published at 18/2, Satsang Vihar Marg, Special Institutional Area, New Delhi - 110067. Editor: Lekha S. Chakraborty.