Effective governance requires effective management of public finances. Proper public financial management has become even more relevant in the post-financial crisis years. This need is opening up several consulting opportunities for finance professionals within India as well as outside. The emerging opportunities in this space formed the subject of an evening study circle meet held recently by the Institute of Chartered Accountants of India at Bangalore. Ashok Rao of MaGC made a presentation on the topic which was followed by discussions.