Ex-RBI chief wants govt to bring White Paper on freebies. Here's why

Central Government under the leadership of Prime Minister should come out with a 'White Paper' to generate a consensus among political parties on the issue of giveaways or freebies, former Reserve Bank Governor D Subbarao has said adding that there has to be a thorough debate on how to impose restraints on political parties in this regard. 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. I think this is ultimately a political issue and there has to be political consensus on this. The leadership has to be taken by the central government and the Prime Minister. I believe they must float a white paper and try to generate a consensus on this. "Educate people on the pros, and cons of these giveaways or freebies ( and ensure) how we can put a restraint on that and how we can enforce it, the former RBI governor told PTI in a recent interaction. Subbarao said t
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