The old legacy, ascii Hindi font Chanakya.ttf is still being used a lot and is in great demand. Chanakya.ttf is known to work great for Hindi DTP.
The font in question is also used in online edition of Hindi newspaper Punjab Kesari.
You can find link to download font from Panjab Kesari site itself.
(The links have been removed due to Copyright issues.)
This font is quite different from Hindi Walkman-Chanakya font, which is a variant of hugely popular Krutidev font.