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Sunday, January 17, 2021

Subhash Chandra Garg


Took VRS as govt’s reform agenda ‘was slipping away after general elections’: Subhash Garg

November 01, 2020 12:50 am

Ex-Finance Secretary Subhash Chandra Garg says relationship with Finance Minister Nirmala Sitharaman became ‘unproductive’.

Nirmala wanted me out of Finance Ministry: Ex-finance secretary Subhash Garg

October 31, 2020 10:17 pm

Garg said he "did not share a good and productive working relationship" with Sitharaman, who came to the finance ministry "with some pre-conceived notions about him". He said that Sitharaman, unlike her predecessor Arun Jaitley, had "a very different personality and knowledge endowment".

Ex-FinSecy Subhash Chandra Garg pegs FY20 fiscal deficit at 4.5-5% of GDP

January 16, 2020 12:22 am

He argued that a large portion of the deficit is being used to finance consumption expenditure, which is typically not a healthy practice.

In 2017, DEA Secy wrote: Why were electoral bond details shared with RBI?

November 28, 2019 7:19 am

In his August 30, 2017 letter, Goyal asked the RBI to send a draft notification “incorporating the detailed operational modalities” of the proposed bonds within two weeks.

Rs 2,000 notes can be demonetised: Subhash Chandra Garg

November 08, 2019 11:54 am

Garg said the high debt levels are “a deterrent on our credit ratings” and a big part of the revenues go in serving these debts.

Out of Finance Ministry, Subhash Chandra Garg: No one in govt questioned overseas bonds

July 27, 2019 7:32 am

Responding to questions from newspersons Friday, Garg said the sovereign bond proposal is aimed at improving resource availability for the private sector as high fiscal deficit results in the government eating into a majority of the country’s savings, thereby crowding out the private sector.

No connection with transfer to Power Ministry; discussed VRS with PMO earlier: SC Garg

July 26, 2019 8:07 pm

Garg, occupying the senior-most office in the Ministry of Finance, was shifted to the Power Ministry on Wednesday. After the transfer, he announced that he has applied for voluntary retirement from service on Thursday.

Subhash Chandra Garg takes over as new Power Secretary

July 26, 2019 2:38 pm

The senior-most officer in the Ministry of Finance, Garg was shifted to the Power Ministry on Wednesday. Thereafter he announced that he had applied for voluntary retirement from service on Thursday.

Shunted out, Finance Secretary Subhash Chandra Garg puts in papers the day after

July 26, 2019 12:17 pm

A top Finance Ministry bureaucrat being moved out and seeking voluntary retirement puts a question mark on key announcements in the Union Budget 2019-20 including the planned overseas bonds.

Former DEA secretary Subhash Chandra Garg applies for voluntary retirement

July 25, 2019 5:21 pm

In a surprise move on Wednesday, the Appointments Committee of the Cabinet had appointed Garg as the new Power secretary.