About GIFT

The Gulati Institute of Finance and Taxation (GIFT) is envisaged as a centre of excellence, specializing in research, training and consultancy, to provide fiscal and social policy inputs to the Government of Kerala in particular and the South Indian states in general. The GIFT was formed in 2009 by upgrading the Centre for Taxation Studies (CTS), an autonomous institution formed by the Government of Kerala in 1992 for undertaking research, training, consultancy, and publication in the area of public economics.

The GIFT is named after Professor Iqbal Singh Gulati (1924-2002), an eminent economist who was closely associated with public policy making in various capacities, notably as Chairman of the Kerala State Planning Board. Dr. Gulati was also one of the leading authorities on Centre-State financial relations, taxation, the public distribution system, migration-related issues and international trade.

Inception

Gulati Institute of Finance and Taxation had its inception in 1992 as Centre for Taxation Studies (CTS).The Centre for Taxation Studies was an autonomous institution constituted by the Government of Kerala under the Travancore-Cochin Literary, Scientific and Charitable Societies Act, 1955. The major objectives of the centre were to undertake research, training, consultancy and publication in the fields of public finance, taxation law, accounting and management.

In 2009, recognising the academic achievements of the centre, the Government of India, along with the Government of Kerala, decided to upgrade the centre to a national-level institution. It was also decided that the centre would be renamed as Gulati Institute of Finance and Taxation (GIFT) in honour of renowned economist Prof I. S. Gulati.

Mission and Vision

To emerge within a decade as a centre of excellence, which will be engaged in research, training and consultancy, and provide inputs with a strong academic base and core competence in federal finance and taxation to the Government of Kerala. Such a professional institute will contribute to creating a just, transparent and state-of-the-art fiscal governance system that optimises mobilisation of resources for rational, equitable and sustainable use.

Objectives/Mandate

To provide theoretically rigorous, evidence-based and empirically sound policy inputs to the Government of Kerala on public finance and taxation and on the issues of fiscal federalism and devolution.