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Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Fiscal deficit to be lower than revised estimates for 2017-18: Garg

India revised its fiscal deficit target to 3.5 per cent of GDP from an earlier 3.2 per cent of GDP for 2017-18 fiscal...

3 April 2018 8:43 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

LIC board approves acquisition of up to 51 per cent stake in IDBI Bank

Insurance regulator Irdai has already given its approval to the insurer for the stake purchase.

16 July 2018 2:28 PM IST

Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Indian digital economy will touch USD 1 trillion-mark by 2022: Garg

India is the sixth largest world economy and We would become fifth largest economy by 2022.

15 July 2018 6:31 PM IST

Evidence suggests that Tether may have been used to manipulate the price of bitcoin.

Supreme Court backs RBI ban on virtual currency

RBI had restricted all the banks and financial institutions from using crypto currency.

3 July 2018 7:01 PM IST

Subhash Chandra Garg

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

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

8 Nov 2019 11:37 AM IST

Subhash Chandra Garg

My unconventional style got me punishment postings: Former finance...

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

1 Nov 2019 4:44 PM IST

A weak dollar in overseas markets and selling of the US currency by exporters and banks supported the rupee.

'No decision on printing of Rs 2,000 notes,' says govt official

Govt said there was 'no decision' on printing more of Rs 2,000 notes as there are 'more than adequate' in system.

4 Jan 2019 1:25 PM IST

On Friday, the rupee had gained 6 paise to end at 67.01 due to fag-end dollar selling by banks.

India has more than adequate 2,000 rupee notes in system: official

2,000 rupee notes constitutes 35 per cent by value of the total circulation, says Garg.

4 Jan 2019 12:36 PM IST

Subhash Chandra Garg

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.

1 Feb 2019 4:16 PM IST

The Central government is not the lone torch-bearer of the nations economic growth. The achievements and failures, the contradictions and anomalies are spread out in both the Central and state budgets.

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...

29 March 2019 7:23 PM IST

Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

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

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

25 March 2019 2:46 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

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...

19 March 2019 1:59 PM IST