Internship Scheme Of The Department Of Economic Affairs

The scheme "Internship Scheme Of The Department Of Economic Affairs" has been implemented by the Department of Economic Affairs, Ministry of Finance, Government of India, aiming to familiarize selected candidates with the overall process of formulation of economic policies at the macro level and provide an opportunity to carry out brief research investigations into key economic issues/problems faced by the country and offer solutions for the same. Through this scheme, internship opportunities along with token remuneration are provided to outstanding Post Graduate and PhD students in Economics, Law, Finance, and Management from reputed institutions. The scheme is implemented by the Department of Economic Affairs (DEA), Ministry of Finance. Under the scheme, interns are attached to Joint Secretaries, Directors, or the Office of the Chief/Principal Economic Adviser for research and policy-related assignments. The internship covers areas such as capital markets, economic reforms, exchange management, foreign investment, monetary policy, fiscal policy, inflation management, debt management, bilateral investment treaties, and infrastructure financing. Interns are expected to prepare reports/papers, present their findings before concerned divisions, and provide feedback on completion of the internship. The scheme also provides office space, computer facilities, and internet support to selected interns.

Objective:

• To familiarise selected candidates with the overall process of formulation of economic policies of the Government at the macro level.
• To provide an opportunity to carry out brief research investigations into key and specific economic issues/problems faced by the country.
• To encourage interns to offer solutions for identified economic issues/problems.

Internship Exposure:

1. Exposure to macro-economic policy formulation and economic research.
2. Opportunity to work on issues related to capital markets, economic reforms, foreign investment, fiscal policy, debt management, infrastructure financing, and related sectors.

Token Remuneration:

1. ₹10,000/- per month for Post Graduate interns.
2. ₹20,000/- per month for PhD interns.
3. Remuneration is payable after satisfactory completion of the internship and submission of the Report/Paper.

Office and Academic Support:

1. Office space, computer facilities, and internet access are provided.
2. Interns are attached to Joint Secretaries, Directors, or the Office of the Chief/Principal Economic Adviser.

Certificate: Certificate of Internship is issued after successful completion of the internship and submission of the Report/Paper.

Validity: Internship duration is between 3 months and 5 months.

1. The applicant should be an outstanding candidate pursuing or having completed Post Graduation or Ph.D in Economics, Law, Finance, or Management.
2. The applicant should belong to Universities/Institutions within the top 25 ranks as per the National Institutional Ranking Framework, Ministry of Human Resource Development, or International Institutes of repute.
3. The applicant should be working on specific issues relating to:

• Macro-economic issues
• Management
• Capital markets
• Infrastructure policy
• Climate finance
• Financial and investment laws

> Research Proposal Requirements:

1. The applicant should apply against specific research study opportunities.
2. The applicant should indicate research interests and topics during the application process.

> Duration Requirements:

1. The applicant should be available for an internship period of 3 months to 5 months.
2. Preference may be given to applicants willing to stay for at least 4 months.

> Preference / Priority

1. Preference may be given to candidates whose research proposals and competencies significantly match DEA requirements.
2. Preference may be given to candidates willing to stay for at least 4 months.

Other Conditions:

• The applicant should sign a Non-Disclosure Agreement before commencing work.
• The applicant should take the internship seriously and invest sufficient effort.
• The applicant may be relieved prematurely in case of insufficient effort or lack of interest.
• The applicant may be required to work from home due to seating restrictions.
• The applicant should follow COVID-19 precautions and protocols issued by the Department of Personnel and Training and the Ministry of Health and Family Welfare.

• The applicant should not be a graduate student, as the program is not meant for graduate students.
• The applicant should not undertake any other job for any other organisation during the internship period.
• The internship does not guarantee employment in the Department of Economic Affairs.

Online

Step 1: The applicant needs to register on the MoF-DEA Internship Application Link of the Ministry of Finance.
Step 2: In the online application form, fill in all the mandatory fields: area of interest, duration of availability with dates and three Divisions of their interest, in order of preference, on which they would like to work during their internship.

NOTE 1: Details of business allocation to DEA and its Divisions are available on DEA's website.

NOTE 2: Applications not received through the web portal will not be considered.

NOTE 3: The only means of communication between the Department and candidates shall be by email.