D.K. Srivastava is a noted economist and currently the chief policy advisor, Ernst & Young India. He is also an honorary professor at Madras School of Economics, Chennai, India, and was a member of the Advisory Council to the 15th Finance Commission of India. He was also a professor of National Institute for Public Finance and Policy (NIPFP), Delhi, India, and has published many books including ‘Development and Public Finance: Essays in Honour of Raja J. Chelliah’ (co-edited, 2005), ‘Federalism and Fiscal Transfers in India’ (co-edited, 2011), and ‘Environment and Fiscal Reforms in India’ (co-edited, 2014).K.R. Shanmugam is Professor at, and Director of Madras School of Economics, Chennai, India. He has six books (the latest one in 2019 with Springer, co-authored) and numerous journal articles to his credit on topics of his research interest such as public finance, corporate finance, macroeconomic models, applied economics, economics of human resource and environmental economics.