D. Subbarao: CAG’s ₹1.76 Lk Cr 2G Spectrum `Presumptive Loss' Contestable

Former Reserve Bank of India (RBI) Governor D. Subbarao has raised questions to the Comptroller and Auditor General’s (CAG) estimate of a ₹1.76 lakh crore presumptive loss in the 2G spectrum case. In his recently published book, “Just A Mercenary?: Notes from My Life and Career,” Subbarao delves into his involvement in the decision-making process regarding the pricing of the 2G spectrum. His critical assessment sheds light on the complexities surrounding this high-profile telecom scandal that shook the Congress government at the time.