The Current Chairman of the National Institute of Public Finance and Policy (NIPFP) and Key Figures in Indian Economics
The National Institute of Public Finance and Policy (NIPFP) is an autonomous body of the Government of India, focusing on public finance research. Currently, the institution is led by Urjit Patel, who has a distinguished career in economics and finance.
Urjit Patel: A Renowned Economist
Urjit Patel is an eminent Indian economist and served as the 24th Governor of the Reserve Bank of India (RBI) from 4th September 2016 to 10th December 2018. Prior to his tenure as the RBI governor, Patel held several significant positions, including Deputy Governor of the RBI where he oversaw monetary policy, economic policy, research, statistics, and information management among other areas. He was appointed by the National Democratic Alliance (NDA) government and succeeded Raghuram Rajan as the governor.
After his tenure at the RBI, Patel resigned from his position in 2018, becoming the first RBI governor to cite personal reasons for doing so. He was awarded the Padma Vibhushan in January 2011, which is the second-highest civilian award in India. Following his tenure at the RBI, Patel took charge as the new chairman of NIPFP on June 22, 2020, continuing his significant contributions to public finance and policy.
Dr. Vijay Kelkar: A Pioneering Leader in Economic Reforms
Dr. Vijay Kelkar, a renowned economist and policy maker, served as the Chairman of NIPFP until June 22, 2020. He assumed office in November 2014 and had a prolific career in economics and public finance.
Dr. Kelkar is known for his role in economic reforms in India. He was awarded the Padma Vibhushan in 2011, a prestigious civilian honor. Prior to his tenure at NIPFP, he was the Chairman of the Thirteenth Finance Commission until January 2010. He was also the Finance Secretary in 1998-99 and was nominated as the Executive Director of India, Bangladesh, Bhutan, and Sri Lanka at the International Monetary Fund in 1999.
In addition to these accolades and roles, Dr. Kelkar has held various notable positions in the public and private sectors. He was instrumental in the committees constituted by the Government of India on revisiting and revitalizing the Public-Private Partnership (PPP) model of infrastructure development and preparing a roadmap for enhancing domestic production of oil and gas by 2030.
Conclusion
The transition in the leadership of NIPFP reflects the dynamic nature of Indian economic governance and the significant contributions made by scholars and economists like Urjit Patel and Dr. Vijay Kelkar. Their work in public finance and policy continues to impact the country's economic landscape and prosperity.
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Keywords: Urjit Patel, Dr. Vijay Kelkar, National Institute of Public Finance and Policy (NIPFP)