The book “PUBLIC FINANCE AND POLICIES” is very pertinent. The book is a completely updated and Comprehensive one. This book consisting of EIGHT Chapters. Chapter-1- Introduction Chapter-2- Overview of Indian public finances and public spending, Chapter-3- Public Revenue Chapter-4- Public Expenditure chapter-5- Public Debt Chapter-6- Public Budget Chapter-7- The Federal Finance lastly Chapter-8-Indian Finance Commissions. At the end of each chapter, Key concepts and Model questions have been given to test the students understanding of the subject. The book occupies special advantage of excellence, a practical significance in India. We have made an earnest attempt to make the chapters’ error free and reader friendly. However, we believe that perfection is an achievable ideal, but not an achieved one. Hence, we invite your comments and constructive suggestions, if any, for future use.