Subhash Chandra Garg

Indian economy to contract 10% this fiscal: Former finance secy

Indian economy to contract 10% this fiscal: Former finance secy

Garg also said that the government's Rs 21 lakh crore stimulus package is actually of only Rs 1.4-1.5 lakh crore or about 0.7 per cent of...Read More

SC Garg’s blog post pitches for large-scale expenditure reforms

SC Garg’s blog post pitches for large-scale expenditure reforms

Former finance secretary Subhash Chandra Garg on Friday said large-scale expenditure reforms are needed, to ensure that the taxes collect...Read More

India may miss tax mop-up target for 2019-20 by Rs 2.5 lakh crore: Subhash Chandra Garg

India may miss tax mop-up target for 2019-20 by Rs 2.5 lakh crore: Subhash Chandra Garg

Mumbai: The government's tax collection is likely to fall short of its estimate by Rs 2.5 lakh crore or 1.2% of GDP in 2019-20, former fi...Read More

Former finance secretary Garg: FY20 fiscal gap may be 3.7-4.0%

Former finance secretary Garg: FY20 fiscal gap may be 3.7-4.0%

Mumbai: The Indian government's fiscal deficit is likely to be around 3.7%-4.0% of GDP in the current financial year ending March, becaus...Read More

Nothing wrong in replacing Rs 2,000 notes with smaller ones, suggests SC Garg

Nothing wrong in replacing Rs 2,000 notes with smaller ones, suggests SC Garg

New Delhi: Former Finance Secretary Subhash Chandra Garg said Rs 2000 notes are not much used for transaction and are less in circulation...Read More

Finance Ministry ignores RBI’s dissent on Electoral bonds; assumes 'indirect' approval

Finance Ministry ignores RBI’s dissent on Electoral bonds; assumes 'indirect' approval

The Reserve Bank of India’s (RBI’s) repeated warnings on the electoral bond scheme in bearer form having the potential to increase black ...Read More

No stimulus needed, some sectors going through sunset phase: CEA

No stimulus needed, some sectors going through sunset phase: CEA

CEA said the attitude that "profit is private, losses are public is not good for market economics".

Key indices slump over 1.5 per cent as government rules out stimulus hopes

Key indices slump over 1.5 per cent as government rules out stimulus hopes

Equity markets closed deep in the red on Thursday after top government officials virtually ruled out a stimulus package for slowdown-hit ...Read More

No one opposed FX sovereign bonds when he was in finance minister

No one opposed FX sovereign bonds when he was in finance minister

Former finance secretary Subhash Chandra Garg on Friday said there is no connection between his transfer from the Finance Ministry to Pow...Read More

Subhash Chandra Garg exits; end of bond dream?

Subhash Chandra Garg exits; end of bond dream?

Garg’s sudden shifting, just after the Budget presentation and its approval by Parliament, is being seen by many as paying the price for ...Read More

Prime Minister’s Office not in favour of forex-denominated sovereign bonds

Prime Minister’s Office not in favour of forex-denominated sovereign bonds

The Prime Minister’s Office (PMO) is in favour of the government issuing rupee-denominated bonds overseas, instead of foreign exchange de...Read More

Jalan panel on reservesdefers report submission

Jalan panel on reservesdefers report submission

The RBI has over Rs 9.6 lakh crore surplus capital with it. It is understood that Economic Affairs Secretary Subhash Chandra Garg did not...Read More

Capital reserves: Jalan panel to submit report by June

Capital reserves: Jalan panel to submit report by June

New Delhi: A high-level panel led by former RBI governor Bimal Jalan, set up to decide the appropriate capital reserves that the central ...Read More

Government will meet fiscal deficit target of 3.4 percent in FY’19: Subhash Chandra Garg

Government will meet fiscal deficit target of 3.4 percent in FY’19: Subhash Chandra Garg

New Delhi: Economic Affairs Secretary Subhash Chandra Garg on Friday exuded confidence that fiscal deficit target of 3.4 per cent for 201...Read More

February manufacturing activity hits 14-month high

February manufacturing activity hits 14-month high

New Delhi: The country’s manufacturing sector performance further strengthened in February and touched a 14-month high driven by accelera...Read More

Rs 27,380 crore sought from RBI

Rs 27,380 crore sought from RBI

New Delhi: The finance ministry has sought from the Reserve Bank of India Rs 27,380 crore that was withheld by the central bank towards r...Read More

Fund crunch key challenge in job creation: Subhash Chandra Garg

Fund crunch key challenge in job creation: Subhash Chandra Garg

New Delhi: Asserting India’s fast economic growth is not without generation of jobs, Economic Affairs Secretary Subhash Chandra Garg said...Read More

No change in glide path: Piyush Goyal

No change in glide path: Piyush Goyal

New Delhi: Finance Minister Piyush Goyal on Friday said the slippage in deficit targets for 2018-19 and 2019-20 by 10 and 30 basis points...Read More

But who’ll finance the sop opera?

But who’ll finance the sop opera?

New Delhi: All day, there was talk: Where will the government get the money from to bankroll its ambitious election promises? With four b...Read More

Government hints at stopping Rs 2000 note printing

Government hints at stopping Rs 2000 note printing

New Delhi: The government on Friday indicated that printing of Rs 2,000 bank notes, introduced post-demonetisation in November 2016, has ...Read More

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