2G scam case: D Subbarao’s new book calls into question CAG’s version of ‘presumptive loss’

If the CAG considers tax concessions announced by the govt as a ‘presumptive loss’, that would result in the diminishing of democracy, former RBI Governor D Subbarao told news agency PTI on May 2.

Subbarao’s remark is related to the 2G scam case and the CAG’s investigation of the presumptive loss to the government.