Richer states subsidising poorer ones cannot go on forever

INTERVIEW - D.SUBBARAO FORMER RESERVE BANK GOVERNOR

- K. SUNIL THOMAS

From standing up to the Union government to defend the autonomy of the Reserve Bank of India to criticising the deteriorating quality of the civil services, Duvvuri Subbarao has never shied away from doing the heavy lifting. As his latest book, Just a Mercenary, hits headlines for his questioning the Comptroller and Auditor General's interpretation of 'presumptive loss' in the 2G scam, THE WEEK caught up with the former bureaucrat, who also had served as finance secretary and secretary to the Prime Minister's Economic Advisory Council. Excerpts from an exclusive interview:

Q/ The most satisfying and most traumatic part of your career, now looking back.
A/ I was posted as an officer on special duty for bottling liquor by the N.T. Rama Rao government in Andhra Pradesh in the mid-1980s. NTR was aghast at people drinking adulterated liquor, and losing lives and livelihoods. So he decided that the solution was to set up arrack bottling plants in every district, and I was appointed an officer on special duty for the project.

My first reaction was, why did they pick me? I had shown no special expertise for field projects, particularly for bottling liquor. I thought I was destined for bigger things—join the IAS and change the world. I was angry. I sat at home for three-four days, but then picked myself up. I said, ‘If I have to do this, I will do it. If I fail, that’s okay. But at least let me try.’ I completed the project three days ahead of the deadline. It was a tremendously satisfying experience.