The National Institute of Public Finance and Policy (NIPFP) is an India

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

n agency which conducts research on public finance and contributes in the process of policy-making relating to public finance. Located in Delhi, India near the Jawaharlal Nehru University

Jawaharlal Nehru University

Jawaharlal Nehru University, also known as JNU, is located in New Delhi, the capital of India. It is mainly a research oriented postgraduate University with approximately 5,500 students and a faculty strength of around 550.-History:...

. NIPFP was established in 1976 as an autonomous agency under the Societies Registration Act XXI of 1860. The NIPFP also works jointly with the Department of Economic Affairs at the Ministry of Finance to research the effects of past economic policy.

NIPFP is overseen by a governing board comprising a chairman and representatives from the Ministry of Finance (Government of India), Planning Commission of India

Planning commission of India

The Planning Commission is an institution in the Government of India, which formulates India's Five-Year Plans, among other functions.-History:...

 and Reserve Bank of India

Reserve Bank of India

The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...

. In 2009, C. Rangarajan

C. Rangarajan

C. Rangarajan is an Indian economist and a distinguished former Member of Parliament and Governor of the Reserve Bank of India. Currently, he is the Chairman of the Prime Minister's Economic Advisory Council...

was acting chairman and M. Govinda Rao was the Director of the Institute.