Urjit Patel, former RBI governor, appointed chairman of NIPFP

Urjit Patel, former governor of Reserve Bank of India (RBI) who resigned from his post in December 2018 after a tussle with the government over the central bank’s autonomy has been appointed as the chairman of the New Delhi Based economic think tank National Institute of Public Finance and Policy (NIPFP) for a period of four years.

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National Institute of Public Finance and Policy

NIPFP is an autonomous body set up jointly by the Ministry of Finance, the erstwhile Planning Commission, and several state governments.

It maintains an independent non-government character and pursues research in public policy, advising the Central government as well as states.

It was founded in 1976 and is registered under the Societies Registration Act, 1860.

NIPFP’s Governing Council includes the Revenue Secretary, Economic Affairs Secretary and the Chief Economic Advisor from the Union Finance Ministry, besides representatives from Niti Aayog, RBI and three state governments.

It has maintained close functional links with the Central and State governments all along, and has built up linkages with other teaching and research institutions both in India and abroad.

The institute receives an annual grant from the Ministry of Finance, Government of India, and various State governments, it maintains an independent non-government character in its pursuit of research and policy.