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Dr. M. Govinda Rao is the Director, National Institute of Public Finance and Policy, New Delhi, India. He is also a Member, economic. His past positions include Director, Institute for Social and economic Change, Bangalore (1998-2002) and Fellow, research school of Pacific and Asian Studies, Australian national University, Australia (1995-98). Dr Govinda Rao has a number of additional advisory roles. These include, member, International Advisory panel on Governance, UNDP regional Office, Chairman, Chairman, Expert Group on Taxation of Services (2000-01); Chairman, Technical experts Committee on VAT. He is also a Member of the Taxation Policy Group in the Initiative for Policy Dialogue (led by Prof. Joseph Stigliz). Dr Rao’s research interests include public finance an fiscal policy, fiscal federalism and state and local fianc?. He has published technical articles extensively in a number of reputed journals besides 12 books and monography on various aspects of Public Finance. His recent books include, Political Economy of federalism in India, Oxford University Press, 2005, Sustainable Fiscal Policy for India: An International perspective (edited with Peter Heller), Oxford university Press, (2005) and Poverty, Development and Fiscal Policy, Oxford University Press, 2002 (Paperback, 2004).