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2G Scam Case: The former central bank Governor asked, "If a democratically elected government decides to forego revenue in order to serve the larger public good of deepening telecom penetration, is it open to the CAG to substitute his own judgement for the government's and call it a 'presumptive loss'?".
In his new book 'Just A Mercenary?: Notes from My Life and Career', Subbarao wrote at length on his role in the decision-making on the pricing of the 2G spectrum, an issue that later ballooned into a huge controversy for UPA-2 government.
Subbarao has suggested that the Centre set an end date for cross-subsidisation from wealthier states to poorer ones.
Freebies: Former Reserve Bank Governor D Subbarao has suggested that the Indian government, led by the Prime Minister, should release a 'White Paper' to build a consensus among political parties regarding giveaways and freebies. He flagged the need for a comprehensive discussion on regulating such practices by political parties. Subbarao stressed the importance of increasing public awareness about the costs and benefits of these freebies, stating that it is the government's duty to educate the citizens on this matter.
He also said the public should be made more aware of the cost and benefits of these freebies and that it is the responsibility of the government to educate the population on this.