Subhash Chandra Garg
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Ex-Finance Ministry Official Questions Fiscal Deficit Numbers
Subhash Chandra Garg, a former finance ministry official who worked on the current fiscal year's budget targets, sees the real shortfall -- which includes on- and off-budget borrowings -- widening to at least 4.5 per cent against 3.55 per cent estimated previously.
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Rajiv Kumar Appointed As New Finance Secretary After Subash Chandra Garg's Exit
Rajiv Kumar, currently serving as Financial Services Secretary, was on Tuesday designated as the new Finance Secretary.
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Discussed Voluntary Retirement With PM's Office On July 18: S C Garg
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.
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In Top Bureaucrat's Transfer, Link Seen To Sovereign Bond Plan: 10 Points
The Prime Minister's Office (PMO) wants the Ministry of Finance to reassess the idea of issuing foreign currency overseas sovereign bonds and seek wider consultation from stakeholders, news agency Reuters reported on Thursday quoting sources. The government's plan to issue such bonds, announced by Finance Minister Nirmala Sitharaman in her budget s...
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SC Garg's Exit Linked To Sovereign Bond Plan? PMO "Unhappy", Says Report
Subhash Chandra Garg is the first Finance Secretary to apply for a voluntary retirement from service in 19 years.
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PMO Asks Finance Ministry For Relook At Sovereign Bond Plan: Report
The idea has been criticised by former heads of the Reserve Bank of India, economists and allies of the ruling Bharatiya Janata Party alike, as they argued it could create long-term economic risks by exposing the government's liabilities to currency fluctuations.
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Finance Secretary Resigns After Being Shifted To Power Ministry
A day after he was shifted from the high profile Ministry of Finance to the Power Ministry, senior bureaucrat Subhash Chandra Garg on Thursday applied for voluntary retirement from service, sources said.
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Economic Growth Pace To Be 'Relatively Slower' In April-June: Subhash Chandra Garg
Country's economy grew at a much-lower-than-expected 5.8 per centin the January-March period, falling behind China's pace for the first time in nearly two years, data showed.
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India's Economic Growth Drops To 5.8% In March Quarter, Behind China
India's GDP or gross domestic product grew 5.8 per cent in the January-March period, government data showed on Friday. With that, India lost its position as the fastest-growing major economy of the world to China for the first time in one-and-a-half years. China's economy logged a growth of 6.4 per cent in the March quarter. Friday's data also mean...
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Government To Borrow Rs 4.42 Lakh Crore In First Half Of Next Fiscal: Finance Ministry
Economic Affairs Secretary Subhash Chandra Garg said gross borrowing will be Rs 4.42 lakh crore during April-September 2019-20.
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Economic Affairs Secretary Subhash Chandra Garg Named Finance Secretary
Economic Affairs Secretary Subhash Chandra Garg was on Friday designated as the Finance Secretary, according to a Personnel Ministry order.
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7% Is No Downward GDP Growth For Current Fiscal Year: Subhash Chandra Garg
Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA), said the Second Advance Estimates of GDP factored in a higher base.
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Governor Shaktikanta Das Says RBI To Decide On Interim Dividend
Last month, Economic Affairs Secretary Subhash Chandra Garg had said the government will seek interim dividend from the Reserve Bank of India (RBI).
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No Decision On Printing Rs 2000 Notes, Have Adequate In System: Official
Amid reports that Rs 2,000-rupee notes are being phased out, the government today said there was "no decision" on printing more of the notes as there are "more than adequate" in the system, according to Economic Affairs Secretary Subhash Chandra Garg.
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RBI Forms Panel On Economic Capital Framework, To Be Headed By Bimal Jalan
The panel will include Economic Affairs Secretary Subhash Chandra Garg and RBI deputy governor N S Vishwanathan.
-
Ex-Finance Ministry Official Questions Fiscal Deficit Numbers
Subhash Chandra Garg, a former finance ministry official who worked on the current fiscal year's budget targets, sees the real shortfall -- which includes on- and off-budget borrowings -- widening to at least 4.5 per cent against 3.55 per cent estimated previously.
-
Rajiv Kumar Appointed As New Finance Secretary After Subash Chandra Garg's Exit
Rajiv Kumar, currently serving as Financial Services Secretary, was on Tuesday designated as the new Finance Secretary.
-
Discussed Voluntary Retirement With PM's Office On July 18: S C Garg
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.
-
In Top Bureaucrat's Transfer, Link Seen To Sovereign Bond Plan: 10 Points
The Prime Minister's Office (PMO) wants the Ministry of Finance to reassess the idea of issuing foreign currency overseas sovereign bonds and seek wider consultation from stakeholders, news agency Reuters reported on Thursday quoting sources. The government's plan to issue such bonds, announced by Finance Minister Nirmala Sitharaman in her budget s...
-
SC Garg's Exit Linked To Sovereign Bond Plan? PMO "Unhappy", Says Report
Subhash Chandra Garg is the first Finance Secretary to apply for a voluntary retirement from service in 19 years.
-
PMO Asks Finance Ministry For Relook At Sovereign Bond Plan: Report
The idea has been criticised by former heads of the Reserve Bank of India, economists and allies of the ruling Bharatiya Janata Party alike, as they argued it could create long-term economic risks by exposing the government's liabilities to currency fluctuations.
-
Finance Secretary Resigns After Being Shifted To Power Ministry
A day after he was shifted from the high profile Ministry of Finance to the Power Ministry, senior bureaucrat Subhash Chandra Garg on Thursday applied for voluntary retirement from service, sources said.
-
Economic Growth Pace To Be 'Relatively Slower' In April-June: Subhash Chandra Garg
Country's economy grew at a much-lower-than-expected 5.8 per centin the January-March period, falling behind China's pace for the first time in nearly two years, data showed.
-
India's Economic Growth Drops To 5.8% In March Quarter, Behind China
India's GDP or gross domestic product grew 5.8 per cent in the January-March period, government data showed on Friday. With that, India lost its position as the fastest-growing major economy of the world to China for the first time in one-and-a-half years. China's economy logged a growth of 6.4 per cent in the March quarter. Friday's data also mean...
-
Government To Borrow Rs 4.42 Lakh Crore In First Half Of Next Fiscal: Finance Ministry
Economic Affairs Secretary Subhash Chandra Garg said gross borrowing will be Rs 4.42 lakh crore during April-September 2019-20.
-
Economic Affairs Secretary Subhash Chandra Garg Named Finance Secretary
Economic Affairs Secretary Subhash Chandra Garg was on Friday designated as the Finance Secretary, according to a Personnel Ministry order.
-
7% Is No Downward GDP Growth For Current Fiscal Year: Subhash Chandra Garg
Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA), said the Second Advance Estimates of GDP factored in a higher base.
-
Governor Shaktikanta Das Says RBI To Decide On Interim Dividend
Last month, Economic Affairs Secretary Subhash Chandra Garg had said the government will seek interim dividend from the Reserve Bank of India (RBI).
-
No Decision On Printing Rs 2000 Notes, Have Adequate In System: Official
Amid reports that Rs 2,000-rupee notes are being phased out, the government today said there was "no decision" on printing more of the notes as there are "more than adequate" in the system, according to Economic Affairs Secretary Subhash Chandra Garg.
-
RBI Forms Panel On Economic Capital Framework, To Be Headed By Bimal Jalan
The panel will include Economic Affairs Secretary Subhash Chandra Garg and RBI deputy governor N S Vishwanathan.
