Sc Garg

SC Garg declared he was taking voluntary retirement shortly after it was announced that the Appointments Committee of the Cabinet had moved him to the Power Ministry.

Asked whether his VRS proposal is accepted by the government, he replied that there is a due process and the proposal is under consideration as it takes time.

Subhash Chandra Garg is the first Finance Secretary to apply for a voluntary retirement from service in 19 years.

The government has appointed Atanu Chakraborty as the new economic affairs secretary, a coveted position in the finance ministry, a statement late on Wednesday said.

LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet.

SC Garg declared he was taking voluntary retirement shortly after it was announced that the Appointments Committee of the Cabinet had moved him to the Power Ministry.

Asked whether his VRS proposal is accepted by the government, he replied that there is a due process and the proposal is under consideration as it takes time.

Subhash Chandra Garg is the first Finance Secretary to apply for a voluntary retirement from service in 19 years.

The government has appointed Atanu Chakraborty as the new economic affairs secretary, a coveted position in the finance ministry, a statement late on Wednesday said.

LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet.