Internship Scheme Of The Department Of Economic Affairs

Description
The Department of Economic Affairs of the Ministry of Finance manages the Internship Scheme for PhD or postgraduate students working on specific issues relating to macro-economic management, capital Markets, Economic Reforms, Exchange Management, Foreign Investment in India and India Investment abroad, Monetary Policy, Fiscal Policy, Inflation Management, Debt Market Operation and Debt Management External & Domestic , Small Savings, Modernization of Budget Documents, Bilateral Investment Treaties, Infrastructure Financing, etc. Objective 1. To familiarize the selected candidates with the overall process of formulation of economic policies of the Government at a macro level. 1. To provide an opportunity to carry out brief research into a key and specific economic issue/problem faced by the country and offer solutions for the same. Duration 1. The duration of the Internship maybe 3 to 6 months. 1. Since the time duration is very short, interns would be required to carry out a very intense study to ensure desirable outputs in a short time frame. Slots 1. The number of Internships will be limited to a maximum of 15 paid interns. 1. Ten additional unpaid interns may also be selected, out of those ranking on top but could not be selected for the paid internship. Attachment The interns would be exclusively attached to a Joint Secretary / Director / Office of Chief Economic Adviser / Principal Economic Adviser.

Exclusions
• This program is not meant for graduate students.

Benefits
• Token remuneration of ₹10,000/- per month per intern for PG students, and of ₹20,000/- per month per intern for PhD students is payable on satisfactory completion of their internship and on submission of their Report/Paper/Feedback.
• Interns will be provided with the necessary logistics support, i.e. office space and computer with internet facility.
• The Certificate of Internship shall be issued to the interns on satisfactory completion of their internship of not less than three months and on submission of their Report/Paper/Feedback/Attendance Certificate duly certified by the Divisional Head.

Eligibility Criteria
1. Outstanding Candidates pursuing Post Graduation or PhD in Economics/ Law/ Finance/ Management from Universities/ Institutions within the top 25 ranks as per the National Institutional Ranking Framework, by the Ministry of Human Resource Development or QS-ranked International Institutes.
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3. **NOTE 1:** The Department reserves all rights for offering an internship to any candidate.
4. **NOTE 2:** An internship can be refused without assigning any reasons.
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6. > **Post-Selection Conditions**
7. Interns, whose performance is unsatisfactory, may be relieved prematurely.
8. The internship is neither a job nor any such assurance thereof in the Department of Economic Affairs.
9. **Submission of Paper:** The interns will have to present a Report/ Paper on the allotted subject to the concerned Divisional Head at the end of the internship. Simultaneously, they are required to give feedback on their experience of the Programme to the concerned Divisional Head. 1. **Declaration of Secrecy:** Interns are required to sign a Non-Disclosure Agreement before commencing work.

Application Process
Step 1: Step 1: The applicant needs to register on the MoF-DEA Internship Application Link of the Ministry of Finance.
Online — https://mofapp.nic.in/DEA_Internship.aspx
Step 1: The applicant needs to register on the MoF-DEA Internship Application Link of the Ministry of Finance.

Step 2: 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.
Online — https://mofapp.nic.in/DEA_Internship.aspx
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.

Required Documents
• Passport Sized Photograph
• Proof of Identity
• Proof of Address
• Proof of the Latest Educational Qualification (Passing Certificate / Degree / Marksheet)
• Identity Card / Proof of Enrolment into a Post Graduation or PhD Program in Economics/ Law/ Finance/ Management)
• Letter of Recommendation from the Institution
• Details of the Bank Account

Frequently Asked Questions
Q: Can The Students Pursuing Their Postgraduation Course Apply To This Internship?
A: Yes, this scheme is open to students pursuing Post Graduation or a PhD.

Q: Can Students From All The Universities In India Apply For This Internship?
A: Only the students from the Universities/ Institutions which are within the top 25 ranks as per the National Institutional Ranking Framework, by the Ministry of Human Resource Development or QS-ranked International Institutes, can apply for this Internship.

Q: Under What Circumstances, Can The Tenure Of An Internship Be Ended Prematurely?
A: Interns, whose performance is unsatisfactory, may be relieved prematurely.

Q: Can This Internship Be Regarded As A Job Assurance By The Department Of Economic Affairs?
A: This internship is neither a job nor any such assurance thereof in the Department of Economic Affairs.

Q: What Shall Be The Deliverables On The Part Of The Interns?
A: The interns will have to present a Report/ Paper on the allotted subject to the concerned Divisional Head at the end of the internship. Simultaneously, they are required to give feedback on their experience of the Programme to the concerned Divisional Head.

Q: Can I Apply Offline For This Scheme?
A: No, this scheme only accepts online applications. Applications not received through the web portal will not be considered.

Q: The Department Of Economic Affairs Comes Under Which Ministry?
A: The Department of Economic Affairs comes under the Ministry of Finance.

Q: Is The Letter Of Recommendation From The Institution A Mandatory Document?
A: Yes, the Letter of Recommendation from the Institution is mandatory for the successful submission of the application.

Q: What Shall Be The Amount Of The Token Remuneration For PG Students?
A: The Token remuneration will be [?]10,000/- per month per intern for PG students.

Q: What Shall Be The Amount Of The Token Remuneration For PhD Students?
A: The Token remuneration will be [?]20,000/- per month per intern for PhD students.

Q: When Will The Remuneration Become Payable?
A: The token remuneration is payable on satisfactory completion of their internship and on submission of their Report/Paper/Feedback.

Q: Will The Logistics Support Be Provided To The Interns By The DEA?
A: Yes, the Interns will be provided with the necessary logistics support, i.e. office space and computer with internet facility.