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Letter to BS: PSBs not free to take decisions because of fear of three Cs

There is no fear of CAG amongst the public servants

Montek Singh Ahluwalia
premium

Former Planning Commission deputy chairman Montek Singh Ahluwalia

Business Standard
I refer to the interview of Montek Singh Ahluwalia (pictured) published in your paper on March 21. I disagree with three of his statements in view of the wide experience that I have in the revenue department. The revenue department is where decisions are taken involving very large amounts of duty, fine, penalty and prosecution.

The first point is about his statement (where he quotes chief economic advisor) that public sector banks are not free to take decisions because of the fear of the three Cs, that is, Central Vigilance Commission (CVC), Central Bureau of Investigation (CBI) and Comptroller and