Judicial Dictionary

Financial Research : Premier Institutions In India

The National Institute of Public Finance  and Policy

The National Institute of Public Finance and Policy (NIPFP) is a centre for research in public economics and policies. Founded in 1976, the institute undertakes research, policy advocacy and capacity building in areas related to public economics. One of the major mandates of the institute is to assist the Central, State and Local governments in formulating and reforming public policies by providing an analytical base. The institute was set up as an autonomous society, at the joint initiative of the Ministry of Finance, Planning Commission, several State governments and distinguished academicians. It is registered under the Societies Registration Act, 1860.

The National Institute of Financial Management

NIFM was set up in 1993 as a registered society under Ministry of Finance, Government of India. To begin with it was mandated to train the officers recruited by the Union Public Service Commission (UPSC) through the Civil Services Examination and allocated to the various services responsible for managing senior and top management posts dealing with accounts and finance in the Government of India. In due course of time NIFM has become a premier resource center to meet the training needs of Central Government for senior and middle level of management too. NIFM also caters to the State Governments, Defence establishments, Banks and other Financial Institutions.

The National Council of Applied Economic Research 

Established in 1956, NCAER is India’s oldest and largest independent, non-profit, economic policy research institute. Six decades in the life of a nation is a long time. It is even longer in the life of an institution. But the promise of NCAER—to ask the right questions, gather good evidence, analyse it well, and share the results widely—has endured. India has achieved much, and much remains undone. As the economy has changed, so too has NCAER, to continue to help understand India’s rapid economic and social transformation. As newer and more complex economic challenges emerge, NCAER will have to do more to keep its promise. To do this well, that is NCAER’s promise renewed.

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