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Subhash Chandra Garg News

24 Jan 2020

Ex-finance secretary pitches for large-scale expenditure reforms

Subhash Chandra Garg said that large-scale reforms are called for in the central expenditure program and he hopes to bring out an analysis of which central government expenditure program should be scrapped or deeply restructured

rupee-dollar swap

25 Mar 2019

Liquidity position to get further boost of Rs 35K cr via rupee-USD swap: Garg

The rupee-dollar swap auction announced by the RBI, earlier in March, will infuse Rs 35,000 crore in domestic liquidity on Tuesday.

fiscal deficit target

08 Mar 2019

Govt will meet fiscal deficit target of 3.4 percent in FY'19: SC Garg

As per the interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 percent for the current fiscal year ending March 31.

04 Jan 2019

Govt indicates printing of Rs 2000 note stopped for now

In a tweet, Economic Affairs Secretary Subhash Chandra Garg said printing of notes is planned as per the projected requirement.

Additional capital infusion

20 Dec 2018

Govt likely to make additional capital infusion in PSU banks: Garg

This will be over and above Rs 1.35 lakh crore capital infusion announced by the government for the public sector banks (PSBs) in October last year to meet global capital risk norms called Basel III.

RBI interim dividend

20 Dec 2018

Govt to seek interim dividend from RBI, says Eco Affairs Secy

The government and the RBI have been locked in a tussle over various issues, including transfer of excess reserves of the central bank.

11 Nov 2018

What's the tearing hurry to fix RBI capital: Chidambaram asks Centre

Chidambaram has accused the BJP govt of trying to mount pressure on the RBI.

10 Oct 2018

SBI steps in to rescue cash strapped NBFCs, to buy good assets worth Rs 45K cr

NBFCs along with mutual funds have been facing a liquidity crunch following a series of loan repayment default since late September by IL&FS and its group companies.

29 Jun 2018

India has adequate firepower to deal with rupee volatility: EAC

The partially convertible rupee fell to a record low of 69.09 per dollar on Thursday.

04 Feb 2018

Government confident of meeting fiscal deficit target: Economic Affairs Secretary

The Finance Ministry is confident of meeting next year's fiscal deficit target of 3.3 per cent, citing lesser uncertainties ahead.

08 Oct 2017

Arun Jaitley headed for US for IMF-World Bank meets

In Boston, Jaitley will take part in a roundtable investment meet on 'Indian Economy - The Road Ahead'. Later, he will deliver a lecture on India's tax reforms at the Harvard University.

19 Sep 2017

Amid slowdown worries, Arun Jaitley reviews economy, discusses stimulus package

A high-level meeting chaired by Finance Minister got underway on Tuesday evening to review the economic situation.

30 Aug 2017

Significant portion of deposited notes could be illicit: Govt

The RBI in its Annual Report for 2016-17 said that 99 per cent of the junked 500 and 1,000 rupee notes has returned to the banking system.

28 Aug 2017

Stick to ethics in algo trading: FinMin to traders, exchanges

Economic Affairs Secretary Subhash Chandra Garg said policy makers and market regulator Sebi will have to devise policies for non-discriminatory, fair and equitable access to all market participants.

Subhash Chandra Garg

10 Sep 2014

Subhash Chandra Garg appointed as World Bank ED

Senior IAS officer Subhash Chandra Garg was on Wednesday appointed as Executive Director in World Bank.

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