Foreword Kaushik Basu; Acknowledgements; Disclaimer; Introduction: contours of the Indian fiscal policy debate; 1. Fiscal Policy in India: trends and trajectory Supriyo De; 2. Decentralization, indirect tax reform and fiscal federalism in India Raghbendra Jha; 3. Fiscal implications of energy subsidies S. Narayan; 4. Fiscal implications of food security in India: a critical review N. R. Bhanumurthy and Ruth Kattumuri; 5. Land and food acts: trading economic pragmatism for political gain Amitendu Palit; 6. A separate debt management office in India Charan Singh; 7. Show me the cash: direct benefits transfer in India Rajesh Chakrabarti; 8. India's education challenges: expenditure effectiveness issues Anu Rammohan and Itismita Mohanty; List of contributors; Index.