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LATEST NEWS UPDATES | Two BJP state govts commissioned note ban research months before Nov 8 -Nitin Sethi & Ishan Bakshi

Two BJP state govts commissioned note ban research months before Nov 8 -Nitin Sethi & Ishan Bakshi

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published Published on Dec 26, 2016   modified Modified on Dec 26, 2016
-Business Standard

States sent initial queries for research to NIPFP in Feb-March; Work on research started around July

New Delhi:
Months before demonetisation, in February-March, the Madhya Pradesh and Haryana state governments had approached the National Institute of Public Finance and Policy (NIPFP) to evaluate Pune-based NGO ArthaKranti’s proposals, which include the withdrawal of high-denomination notes.

The initial queries for conducting the research from the two Bharatiya Janata Party (BJP) state governments went to NIPFP around February and March. Work on the research formally commenced around July. But, the complete report on the evaluation of the proposals was not submitted to the state governments by the time the Union government announced the demonetisation on November 8. NIPFP did put out a working paper in the public domain on November 14 discussing the impacts of demonetisation.

NIPFP is a New Delhi-based think tank set up as an autonomous society, at the joint initiative of the Union ministry of finance, erstwhile Planning Commission, several state governments and academics.

The Madhya Pradesh government responded to Business Standard queries saying that it asked NIPFP to carry out an “Assessment of proposals outlined in the document ‘Exploring ArthaKranti — A path to Fiscal Consolidation’.

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Business Standard, 24 December, 2016, http://www.business-standard.com/article/economy-policy/two-bjp-state-govts-commissioned-note-ban-research-months-before-nov-8-116122300754_1.html


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