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Subhash Chandra Garg

How the PM, PMO Decide on Finance Ministry Affairs

As a bureaucrat, Subhash Chandra Garg adopts the view of the government

15 Oct 2023 2:29 AM

On DeMo anniversary, former FinMin official Garg says Rs 2,000 notes being hoarded

India has still a long way to go with more than 85 per cent payment transactions in the country still taking place in cash.

08 Nov 2019 11:37 AM

My unconventional style got me punishment postings: Former finance secretary

Garg had applied for voluntary retirement in July after he was shifted from the Department of Economic Affairs to the Power Ministry.

01 Nov 2019 4:44 PM

Power distribution sector needs drastic reforms: Power secy

Govt is working on bringing in the revised version of the scheme UDAY 2 which seeks to address power sector issues he added.

17 Sep 2019 10:30 PM

RBI capital transfer: Jalan panel likely to get extension to finalise report

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

01 Aug 2019 10:11 AM


Economic Affairs Secretary Chakraborty nominated on central board of RBI

The nomination of Atanu Chakraborty is effective from July 29 and until further orders, RBI said.

30 Jul 2019 7:12 PM

Garg says none in govt questioned offshore bonds issue when he was DEA Secy

The sovereign bond issuance was basically intended to ease the pressure on the domestic availability of resources.

27 Jul 2019 11:32 AM

Subhash Chandra Garg takes over as new Power Secretary

Garg was in charge of the Department of Economic Affairs (DEA), and was designated the Finance Secretary.

26 Jul 2019 12:42 PM

Former Finance Secretary S C Garg seeks voluntary retirement after abrupt transfer

The rejig came less than three weeks after the Union Budget was presented in the Lok Sabha and a day after it was passed by Parliament.

25 Jul 2019 2:37 PM

Finance Secretary Garg seeks retirement after being shifted to Power Ministry

Subhash Chandra Garg, the senior-most bureaucrat in the Finance Ministry, was in charge of the Department of Economic Affairs.

25 Jul 2019 2:24 PM


Govt assessed smuggling dimension while raising import duty on gold: Finance Secy

Finance Minister Nirmala Sitharaman hiked import duty on gold and other precious metals in Budget to 12.5 pc from 10 pc.

07 Jul 2019 1:45 PM

Jalan panel on RBI's capital size again defers report submission till Budget

The ECF panel will meet again in July and will submit the report post Budget.

24 Jun 2019 7:39 PM

ADB should expand private sector operations: Subhash Chandra Garg

Economic Affairs Secy said there is a need for ADB to focus on strengthening human capital and develop social safety nets.

04 May 2019 4:23 PM

India for ADB-led mechanism for channeling funds from rich to developing nations

Amidst the continued global uncertainty, Asia retains the hope of a bright future, said Subhash Chandra Garg.

04 May 2019 3:57 PM

Govt manages to meet revised fiscal deficit target of 3.4 pc of GDP

Revised target has been met with help of expenditure savings and other measures including rollover of fuel subsidy, said sources.

10 Apr 2019 3:07 PM


Govt to borrow Rs 4.42 lakh cr in H1 FY2019-20: Economic affairs secy

Economic Affairs Secy Subhash Chandra Garg said government will stick to fiscal deficit target of 3.4 pc of GDP for current fiscal.

29 Mar 2019 7:23 PM

Liquidity to get further boost of Rs 35,000 cr via rupee-dollar swap: Garg

The auction of USD 5 billion for a tenure of three years will be conducted on Tuesday.

25 Mar 2019 2:46 PM

Net direct tax collection crosses Rs 10 lakh crore mark

Tax collection during April-January of this fiscal stood at Rs 7.89 lakh crore as against Rs 12 lakh crore targeted for 2018-19.

19 Mar 2019 1:59 PM

Govt will meet fiscal deficit target of 3.4 per cent in FY'19:Garg

As per interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 pc for current fiscal year ending March 31.

08 Mar 2019 7:14 PM

Govt expects Rs 28,000 cr interim dividend from RBI: DEA Secy Garg

The decision with regard to interim dividend will be taken in the next board meeting.

01 Feb 2019 4:16 PM