DEA - AJ NIFM Research Programme
About
Research Programme
The Department of Economic Affairs (DEA), Ministry of Finance, Government of India and the Arun Jaitley National Institute of Financial Management (AJ NIFM) entered into a Memorandum of Agreement (MoA) on 2016. Under the MoA, AJ NIFM is tasked with providing the DEA specialized legal research and technical assistance.
This collaboration focuses on a comprehensive array of topics pertaining to both Indian and international financial markets. Key areas of this MoA include policy analysis and regulatory impact assessments concerning various initiatives and actions undertaken by the Securities and Exchange Board of India (SEBI).
The scope of the DEA-AJ NIFM Research Programme extends to critical examination and support in understanding the regulatory frameworks governing domestic credit agencies.
This includes, but is not limited to, analysis of legislations such as the Securities Contracts (Regulation) Act of 1956, the Depositories Act of 1996, and the Foreign Exchange Management Act of 1999. Furthermore, the program delves into the intricacies of Foreign Portfolio Investment, External Commercial Borrowings, Depository Receipts, Currency Markets, and aspects of Primary Markets Issuances. The program also encompasses a thorough examination of Mutual Funds, Alternative Investment Funds, the Corporate Bond Market, Financial Literacy, and the Takeover Code Regulations, along with all other regulatory guidelines under the SEBI Act of 1992.
To support these research endeavors, AJ NIFM has established a state-of-the-art academic resource and finance laboratory at its Faridabad campus.
This facility equips members of the research program with direct access to an extensive range of resources. These include online libraries, both domestic and international database resources such as Bloomberg, NSE Cogencis, and Prowess. Additionally, participants have access to a variety of Journals, Magazines, Newspapers, Periodicals, and the comprehensive library of AJ NIFM, thus facilitating a robust environment for in-depth research and analysis.
DEA - AJNIFM Research Programme
Vision
To become a leading global centre for financial research and policy innovation, enabling the creation of a robust, transparent, and inclusive financial ecosystem that supports India's economic growth and financial stability."
Mission
Mission
...
To Provide Expertise
Leverage the combined strengths of the Department of Economic Affairs (DEA) and the Arun Jaitley National Institute of Financial Management (AJ NIFM) to offer unparalleled legal research and technical assistance in financial markets, policy analysis, and regulatory frameworks.
To Foster Innovation in Financial Policies
Through rigorous research and regulatory impact assessments, contribute to the development and refinement of financial policies and regulations that align with the dynamic needs of India's economy and its integration into the global financial system.
To Strengthen Regulatory Frameworks
Offer insights and recommendations to DEA, Ministry of Finance for the improvement of regulatory frameworks governing securities contracts, depositories, foreign exchange, portfolio investments, and all aspects of financial market operations under the purview of SEBI and other regulatory bodies, ensuring a secure, efficient, and competitive financial market landscape.
To Enhance Understanding and Compliance
Support the DEA in scrutinizing and understanding the implications of rules and regulations governing domestic credit agencies, securities, foreign exchange management, and other related financial sectors to ensure compliance and foster a healthy financial market environment.
To Promote Financial Literacy and Inclusion
Contribute to enhancing financial literacy and fostering financial inclusion by disseminating research findings, policy recommendations, and regulatory frameworks across a broad spectrum of financial markets and instruments.