Since its inception, the National Institute of Public Finance and Policy (NIPFP) has been guided by a Governing Body composed of leaders in Indian economics, governance, and industry. The institute began in 1976 under the leadership of its first Chairman, Shri P.N. Haksar. Together, this inaugural board laid the foundation for the institute's enduring work in independent public economics and policy research.
| The Inaugural Governing Body (1976) |
|---|
| Shri P.N. Haksar (Chairman) – Deputy Chairman, Planning Commission |
| Dr. R.J. Chelliah – Founding Director, NIPFP |
| Dr. Manmohan Singh – Secretary, Department of Economic Affairs |
| Prof. D.T. Lakdawala – Department of Economics, University of Bombay |
| Dr. B.K. Madan – Chairman, Management Development Institute |
| Dr. L.S. Gulati – Fellow, Centre for Development Studies |
| Shri H.N. Ray – Finance Secretary, Government of India |
| Dr. K.S. Rao – Secretary, Planning Commission |
| Shri I.Z. Bhatty – Deputy Director General, NCAER |
| Shri H.P. Nanda – President, ASSOCHAM |
| Shri S.P. Bagla – Secretary to Government, Punjab Finance Department |
| Shri M.S. Sadasivan – Financial Commissioner, Government of Rajasthan |
| Shri B.B. Tandon – Commissioner and Secretary, Finance Department |
| Dr. N.C. Mehta – Director, National Institute of Bank Management |
| Shri S. Kumarasundram – General Manager, ICICI |
| President – FICCI |
The current board continues this legacy. By bringing together key government officials, academic researchers, and industry leaders, the board ensures that NIPFP's research remains directly relevant to contemporary policy challenges.
| The Current Governing Body |
|---|
| Dr. Urjit Patel (Chairman) – Former Governor, Reserve Bank of India |
| Dr. R. Kavita Rao – Director, NIPFP |
| Dr. V. Anantha Nageswaran – Chief Economic Adviser, Ministry of Finance |
| Shri Arvind Shrivastava – Revenue Secretary, Ministry of Finance |
| Ms. Anuradha Thakur – Secretary, Department of Economic Affairs |
| Dr. Pravakar Sahoo – Senior Lead, NITI Aayog |
| Smt. Rekha Misra – Adviser-in-Charge, Reserve Bank of India |
| Shri Akhil Arora – Additional Chief Secretary (Finance), Government of Rajasthan |
| Shri Deepak Kumar – Additional Chief Secretary (Finance), Government of Uttar Pradesh |
| Dr. Vijay Namdeorao Zade – Secretary Expenditure, Government of Punjab |
| Dr. M. Govinda Rao – Former Member, 14th Finance Commission |
| Dr. Mala Lalvani – Director and Professor, Mumbai School of Economics and Public Policy |
| Dr. Jyotsna Jalan – Professor of Economics, Centre for Studies in Social Sciences |
| Dr. Srinivas Chokkakula – President and Chief Executive, Centre for Policy Research |
| Director-General – National Council of Applied Economic Research (NCAER) |
| Dr. Sacchidananda Mukherjee – Professor, NIPFP |
| Shri Ajay Singh – President, ASSOCHAM |
| Shri Basudev Mukherjee – President, FICCI |
| Mr. Shailendra Jhingan – Head Treasury, ICICI Bank |
| CA Mangesh Pandurang Kinare – Council Member, ICAI |
| Shri Ravi Agarwal (Special Invitee) – Chairman, Central Board of Direct Taxes (CBDT) |
| Shri Sanjay Kumar Aggarwal (Special Invitee) – Chairman, Central Board of Indirect Taxes and Customs (CBIC) |
In celebrating its Golden Jubilee, NIPFP extends its gratitude to every member who has served on the Governing Body over the past 50 years. Their strategic guidance and ongoing support have been instrumental to the institution's evolution, growth, and continued success.