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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...

8 March 2019 7:14 PM IST

Economic Affairs Secretary Subhash Chandra Garg. Photo: PTI

Business

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...

10 April 2019 3:07 PM IST

Business

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...

4 May 2019 4:23 PM IST

In March 2018, Asian Development Bank, signed a cooperation arrangement with the International Solar Alliance, headquartered in India, to promote solar energy deployment across Asia and the Pacific, particularly in South Asia. (Photo: AFP)

Business

India for ADB-led mechanism for channeling funds from rich to...

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

4 May 2019 3:57 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Business

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

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

24 Jun 2019 7:39 PM IST

$With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.$ Business

Economic Affairs Secretary Chakraborty nominated on central board of...

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

30 July 2019 7:12 PM IST

Business

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

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

27 July 2019 11:32 AM IST

Business

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 July 2019 12:42 PM IST

A day after being transferred to the Ministry of Power in a bureaucratic reshuffle, former Finance Secretary Subhash Chandra Garg is reported to have sought voluntary retirement from government service. (Photo: ANI)

India

Former Finance Secretary S C Garg seeks voluntary retirement after...

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

25 July 2019 2:37 PM IST

Business

Finance Secretary Garg seeks retirement after being shifted to Power...

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

25 July 2019 2:24 PM IST

Business

Govt assessed smuggling dimension while raising import duty on gold:...

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

7 July 2019 1:45 PM IST

Business

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

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

1 Aug 2019 10:11 AM IST