Subhash Garg Has Landed the Govt & RBI in a Digital India Dilemma

Former finance secretary Subhash Chandra Garg has dominated headlines for a week since his surprise transfer from the Ministry of Finance to Power. Garg’s exit from the power corridors of North Block has prompted a critical analysis of his policies as well as his public clashes with institutions like the Reserve Bank of India.

Now, a policy recommendation by an inter-ministerial committee on virtual currencies – that Garg was heading at the time – appears to clash directly with the policy positions of the RBI, as well as the Centre, on a core aspect of Digital India campaign.