Annexure-III of OM No. 11/48/2024-Admn/SFC dated 15.04.

2024

PROFORMA FOR APPLICATION FOR “INTERNS” IN

16th FINANCE COMMISSION

1 Type of Internship Tick/Check only one of the following:

(Refer Para 9 and 10 of Paid Internship ✓

Annexure I) Unpaid Internship

2 Period for which 10 weeks

Internship applied
(Refer Para 8 of
Annexure I)
3 Full Name Arnab Sen

4 Address 57 Om House, Shri Aurobindo Marg,

Adchini, New Delhi-110117
5 Mobile No. 7808359995

6 Email address [email protected]

7 Date of Birth 28.05.2002

8a Course/qualification Tick/Check one of the following:

pursuing: Pursuing
Graduation (Final
(Refer Para 2 of Year)
Annexure I) Pursing Post ✓
Graduation
Pursing Ph.d

Specify:
Year of
Admission in 2023
above course

Course: Tick/Check one of the

following:
Economic ✓
Finance
Others (please
specify)

Specify:
Institution/College Indian
Institute of
 Foreign Trade,
New Delhi

University

(Supporting documents to be
attached for all the above)
8b Additional
Qualifications, if any Undergraduate: BA Economics
(Hons), Christ University, Bangalore

8c Knowledge and usage of

MS Excel Yes (Advanced)

8d Any other relevant I. Internship Experience

experience/information
TATA ADVANCED SYSTEMS LTD,
Bangalore
Financial Analyst Trainee June
2022-August 2022

• Financial Forecasting:
Contributed to the analysis and
forecast of financial and market
data using Historical, Research,
and Qualitative techniques from
the company’s financial
statements. Also learned to
forecast revenue, expenses, and
working capital to manage and
mitigate risks for the company.

• Financial Modelling: Learned

plotting of 3 statement
financials, ratio analysis, and
basics of Discounted Cash Flow
(DCF) models to help develop
strategy and decision-making
for the company.
INSTITUTE OF SOCIAL AND
ECONOMIC CHANGE (ISEC),
Bangalore
Research Analyst September 2022-
November, 2022

• Under Dr. Sunil Nautiyal, I

learned the research
methodology and the art of
using different research
methods, sampling designs, and
incorporating econometric tools
to analyze data to make
significant conclusions.

II. ACADEMIC PROJECTS

The Relationship between

Financial Inclusion and Economic
Growth: Evidence from India 1991-
2020 Dr. Roopa Patwardhan, Asst
Professor Christ University, April
2023

To examine how financial inclusion

impacts economic growth using
secondary data and Econometric
modelling using ARDL, ECM, and
Principal Component Analysis and
making significant conclusions.

The Credit Card Fraud Detection

using Machine Learning
Skill Camper, August 2023

Understanding how to develop credit

card fraud using a logistic regression
model to classify if a transaction is
fraud or legitimate using Python.

III. Skills and Interests

 Skills: Data Analysis using Python
(Beginner), SPSS, E -VIEWS| Google
Workspace | Microsoft Office (Excel,
PowerPoint) | Financial Modelling
and Analysis

Interests: Market Research | Case

Study Competition | Discussions and
Workshops| Data Analysis| Research
Writings

9 Motivation/reason to be
engaged as Intern in As an intern, I will have the
Finance Commission - opportunity to contribute to policy
(200-500 words). discussions, analyse economic data,
and craft recommendations that
inform these allocations is not just a
professional privilege but a moral
imperative. It is a chance to leverage
my skills, knowledge, and passion to
address pressing socio-economic
challenges, reduce disparities, and
promote inclusive growth. Moreover,
internship experience at Finance
Commission offers a gateway to
networking with some of the foremost
experts, policymakers, and
practitioners in the field of public
finance and economic development. It
provides interns with opportunities to
engage in meaningful dialogues,
exchange ideas, and forge
connections that can shape their
professional trajectories and open
doors to future career opportunities.
Interning at the Finance Commission
presents a singular opportunity to
immerse myself in the dynamic realm
of fiscal policy and economic
governance, contributing
meaningfully to the nation's
development trajectory while honing
invaluable skills and insights. At the
heart of this motivation lies the
chance to actively participate in
shaping policies that directly impact
 the lives of millions of citizens across
India. The Finance Commission
serves as the crucible where
economic theories meet ground
realities, offering interns a front-row
seat to witness and engage with the
intricacies of resource allocation,
budgetary decisions, and strategic
planning. This hands-on experience
is invaluable, providing a platform to
translate academic knowledge into
practical solutions and policy
recommendations. Beyond personal
development, the intrinsic
satisfaction of contributing to the
nation's welfare and development
agenda adds a profound sense of
purpose to the internship experience.
Each day will present me with new
challenges to overcome, new insights
to glean, and new horizons to explore,
making the internship at the Finance
Commission not just a stepping stone
in my career journey but a
transformative experience that
shapes my perspective and
aspirations for the future. I am
personally driven by a passion for
public service, a thirst for knowledge,
and a desire to make a tangible
difference in society

10a Preferred Research Topic (1):

(Refer Para 5 of Annexure I)
(i) Name of Topic
Anticipated Risk and stresses on
Global and National economy from
2025-30

(ii) Motivation/ vision In the dynamic landscape of the

statement for selection global and national economies, the
of this topic - (200-500 period from 2025 to 2030 stands
words). poised at the precipice of
transformative change. Our research
endeavor seeks to illuminate the
nuanced interplay of anticipated
risks and stresses that will shape the
economic trajectory during this
pivotal half-decade. With a forward-
looking lens, we aim to unravel the
complex tapestry of challenges and
opportunities, guiding stakeholders
towards informed decision-making
and resilient strategies.

At the global level, our vision extends

beyond geographical boundaries to
encompass the interconnected webs
of trade, finance, and geopolitics. We
recognize the escalating specter of
geopolitical tensions, climate change,
technological disruption, and
pandemics as formidable risks that
loom large on the horizon. By
dissecting these multifaceted
dynamics, our research endeavors to
identify emerging fault lines,
anticipate potential shocks, and
propose adaptive measures to fortify
the global economic architecture
against systemic vulnerabilities.

Simultaneously, our vision delves

into the intricate fabric of the
national economies, recognizing the
diverse tapestries of development,
governance, and socio-economic
structures that define each nation's
resilience to external shocks. From
the lens of individual nations, we
scrutinize the confluence of domestic
policies, demographic shifts,
technological advancements, and
environmental pressures that shape
their economic fortunes. By
illuminating the idiosyncratic risks
and stresses faced by different
nations, our research aims to equip
policymakers, businesses, and civil
society with tailored insights to
navigate the turbulent currents of the
coming years.

Central to our vision is a commitment

to foresight and interdisciplinary
inquiry. We integrate diverse
methodologies, drawing upon
econometric modeling, scenario
analysis, qualitative research, and
stakeholder consultations to
construct a holistic understanding of
the anticipated risks and stresses on
the global and national economy. By
fostering collaboration across
disciplines and stakeholders, we seek
to foster a culture of proactive risk
management and strategic foresight,
empowering decision-makers to
anticipate, adapt, and thrive in an
uncertain world. Ultimately, our
vision transcends the boundaries of
academic inquiry, aspiring to catalyze
actionable insights that drive positive
change and foster inclusive,
sustainable, and resilient economic
development. As stewards of
knowledge, we endeavor to illuminate
the path forward, enabling societies
to navigate the tumultuous waters of
the future with confidence and
conviction.
(iii) Proposed outline of I. Introduction and Literature
this topic/study report. Review

• Overview of the research topic

• Importance of studying
anticipated risks and stresses
on the global and national
economy
• Objectives of the research

II. Global Anticipated Risks and

Stresses
• Geopolitical Tensions
• . Analysis of major geopolitical
hotspots and potential impacts
on the global economy
• Strategies for mitigating
geopolitical risks

III. National Anticipated Risks and

Stresses
A. Domestic Economic Policies
• Evaluation of fiscal and
monetary policies implemented
by various nations and their
impact on economic stability
• Policy recommendations for
enhancing economic resilience

IV. Methodological Approach

• Overview of research
methodologies employed (e.g.,
econometric modelling, ,
quantitive & qualitative
research)
• Data sources and analytical
frameworks utilized

V. Implications and Policy

Recommendations
 • Synthesis of key findings and
insights
• Policy recommendations for
governments, businesses, and
other stakeholders
• Implications for global
economic governance and
cooperation

VI. Conclusion
• Reflections on the importance of
proactive risk management and
strategic foresight
• Directions for future research

(iv) Proposed timeline Week 1-2: Introduction and

for this topic. Literature Review

• Week 1: Introduction to the

research topic, objectives, and
methodologies.

• Week 2: Conduct an extensive

literature review on anticipated
risks and stresses on the global
and national economy,
identifying key themes, gaps,
and research questions.

Week 3-4: Data Collection and

Analysis

• Week 3: Gather relevant data

sources including economic
indicators, geopolitical
analyses, climate change
reports, and demographic
studies.

• Week 4: Begin data analysis

using econometric modeling,
scenario analysis, and
qualitative research methods to
identify trends and anticipate
risks.
Week 5-6: Global Anticipated Risks
and Stresses

• Week 5: Focus on analyzing

global anticipated risks such as
geopolitical tensions, climate
change impacts, technological
disruption, and pandemics.

• Week 6: Develop insights and

policy recommendations for
addressing global risks,
considering strategies for
mitigation and adaptation.

Week 7-8: National Anticipated

Risks and Stresses

• Week 7: Shift the focus to

national anticipated risks,
including domestic economic
policies, demographic shifts,
technological advancements,
and environmental pressures.

• Week 8: Explore the

implications of national risks on
economic stability, social
cohesion, and sustainable
development, proposing tailored
strategies for resilience.

Week 9: Implications and Policy

Recommendations

• Week 9: Synthesize key findings

from global and national
analyses, highlighting
implications for policymakers,
businesses, and other
stakeholders. Also develop
 comprehensive policy
recommendations to address
anticipated risks and stresses,
emphasizing the need for
proactive risk management and
strategic foresight.

Week 10: Finalization and

Presentation

• Week 10: Finalize the research

report, incorporating feedback
from peers and advisors.
Preparing a presentation
summarizing the research
findings, implications, and
policy recommendations for
dissemination to stakeholders
and the broader academic
community.

10b Preferred Research Topic (2):

(Refer Para 5 of Annexure I)
(i) Name of Topic Gender Budgeting and Finance
Commission: Analyzing the gender-
sensitive allocation of resources-road
map of 16th FC

(ii)Motivation/ vision My vision is to pioneer a

statement for selection transformative approach to fiscal
of this topic - (200-500 governance by integrating gender
words). considerations into the allocation of
resources, thereby advancing gender
equality and social justice. At the
nexus of Gender Budgeting and the
Finance Commission's mandate, my
vision encompasses a paradigm shift
towards a more inclusive and
equitable allocation of financial
resources, one that recognizes and
addresses the unique needs and
priorities of diverse gender identities
across India. Through rigorous
analysis, advocacy, and
collaboration, we together aspire to
catalyze systemic change that fosters
empowerment, reduces disparities,
and promotes sustainable
development for all.

Central to my vision is the

recognition that budgets are not
gender-neutral; they have differential
impacts on individuals based on their
gender, intersecting identities, and
socio-economic status. By analyzing
the gender-sensitive allocation of
resources within the purview of the
Finance Commission, I seek to
unravel the hidden biases and
inequalities embedded within fiscal
policies and practices. My vision is
rooted in a commitment to
dismantling systemic barriers and
amplifying the voices of marginalized
genders, ensuring that their needs
are not only recognized but
prioritized in budgetary decisions.

The vision extends beyond the realm

of policy analysis to encompass
advocacy and capacity building. I
aspire to empower policymakers, civil
society organizations, and citizens
with the tools, knowledge, and
resources needed to engage effectively
in gender-responsive budgeting
processes. Through strategic
partnerships and collaborations, we
together can aim to build a
 movement for change that transcends
political boundaries and bureaucratic
silos, championing a vision of India
where gender equality is not just an
aspiration but a lived reality.

Furthermore, my sole motivation to

research on this aera is to put
emphasizes the importance of
accountability and transparency in
budgetary decision-making. We
together can advocate for
mechanisms that ensure the
monitoring and evaluation of gender-
sensitive budget allocations, enabling
stakeholders to hold governments
accountable for their commitments to
gender equality. By fostering a
culture of accountability, I seek to
strengthen democratic governance
and promote the effective utilization
of resources for the benefit of all
citizens.

(iii) Proposed outline of

this topic/study report. I. Introduction
• Overview of Gender Budgeting
and its significance
• Contextualizing the role of the
Finance Commission in
resource allocation
• Importance of analyzing gender-
sensitive allocation of resources
within the Finance
Commission's mandate
• Objectives of the research

II. Gender Budgeting: Concepts and

Frameworks
• Definition and evolution of
Gender Budgeting
 • Key concepts and principles
(gender mainstreaming, gender-
responsive budgeting)
• International best practices and
frameworks for Gender
Budgeting

III. Mandate and Functions of the

Finance Commission
• Overview of the Finance
Commission's constitutional
mandate
• Functions and responsibilities
in allocating financial resources
between the Union and States
• Previous approaches to gender-
sensitive allocation within
Finance Commission
recommendations

IV. Methodology
• Research approach (qualitative,
quantitative, or mixed-methods)
• Data collection methods
(document analysis, interviews,
surveys)
• Sampling techniques and
selection criteria
• Ethical considerations

V. Analyzing Gender-sensitive
Allocation within Finance
Commission Recommendations
• Review of past Finance
Commission reports and
recommendations
• Identification of gender-
sensitive allocations and
initiatives
• Assessment of the impact of
gender-sensitive allocations on
gender equality outcomes

VI. Challenges and Barriers to

Gender-sensitive Allocation
• Institutional challenges within
the Finance Commission
 • Lack of gender-disaggregated
data and analysis
• Political and social barriers to
mainstreaming gender in
budgetary processes

VII. Best Practices and Case Studies

• Review of international and
national best practices in
gender-responsive budgeting
• Case studies of countries or
regions successfully
implementing gender-sensitive
budgeting within fiscal
commissions

VIII. Policy Implications and

Recommendations
• Synthesis of key findings and
insights
• Policy recommendations for
enhancing gender-sensitive
allocation within the Finance
Commission's mandate
• Strategies for overcoming
challenges and fostering
institutional change

IX. Capacity Building and Advocacy

• Recommendations for capacity
building among Finance
Commission staff and
stakeholders
• Advocacy strategies for
promoting gender-responsive
budgeting at the national and
sub-national levels

X. Conclusion
• Summary of main findings
• Reflections on the potential
impact of gender-sensitive
allocation on gender equality
and social justice
• Directions for future research
and action
(iv) Proposed timeline
for this topic. Week 1-2: Orientation and
Literature Review

• Week 1: Orientation to the

research topic, objectives, and
methodologies.

• Week 2: Conduct an extensive

literature review on gender
budgeting, Finance
Commission's mandate, gender-
sensitive allocation of
resources, and related topics.
Identify key theories,
frameworks, and gaps in the
literature.

Week 3-4: Data Collection and

Methodology

• Week 3: Develop research

methodologies, including data
collection methods (document
analysis, interviews, surveys),
sampling techniques, and
ethical considerations.

• Week 4: Begin data collection

process, gathering relevant
documents such as Finance
Commission reports, budget
documents, and gender-
disaggregated data.

Week 5-6: Analysis of Finance

Commission Reports

• Week 5: Analyze past Finance

Commission reports to identify
instances of gender-sensitive
allocations and initiatives.
Begin coding and categorizing
data.
 • Week 6: Deepen analysis of
gender-sensitive allocations,
assessing their impact on
gender equality outcomes and
identifying trends and patterns.

Week 7-8: Challenges and Best

Practices

• Week 7: Investigate challenges

and barriers to gender-sensitive
allocation within the Finance
Commission, including
institutional, political, and
social factors.
• Week 8: Review international
and national best practices in
gender-responsive budgeting,
identifying lessons learned and
potential strategies for
improvement.

Week 9: Policy Implications and

Recommendations

• Week 9: Synthesize key findings

from the analysis and develop
policy implications and
recommendations for enhancing
gender-sensitive allocation
within the Finance
Commission's mandate.

Week 10: Finalization and

Presentation

• Week 10: Finalize the research

report, incorporating feedback
from peers and advisors.
Prepare a presentation
summarizing the research
findings, policy implications,
and recommendations for
dissemination to stakeholders
 and the broader academic
community.

(Signature of the Applicant)

Full Name: ARNAB SEN
Date: 03.05.2024

(Soft copy of this blank proforma is/shall be available on website of

16FC at https://fincomindia.nic.in/ )

Supporting Document