Former Economic Affairs Secretary says Nirmala Sitharaman insisted on my transfer from Ministry of Finance
NEW DELHI:Former Economic Affairs Secretary Subhash Chandra Garg has claimed that Nirmala Sitharaman asked for and insisted on his transfer from the Ministry of Finance in June 2019 itself, within a month of taking over as the Union Finance Minister. Giving reasons for taking voluntary retirement from government service last year, Garg wrote in a […]
Atanu Chakraborty appointed Economic Affairs Secretary, replaces Subhash Chandra Garg
NEW DELHI: The government of India has appointed Atanu Chakraborty as the new economic affairs secretary, a coveted position in the finance ministry, a statement late on Wednesday said. Chakraborty will replace Subhash Chandra Garg, who will become power secretary. The secretaries are the top bureaucrats and are placed next to ministers in hierarchy. Chakraborty […]
Fuel price hike to have very marginal impact on inflation: Finance Secretary
NEW DELHI: Finance Secretary Subhash Chandra Garg said on Saturday increased petrol and diesel prices after the duty hike will have “very marginal impact” on inflation and any worry on that front is immaterial. He also said the government expects Rs 90,000 crore from the Reserve Bank of India (RBI) as dividend during the current […]
Dip in oil prices, stable rupee indicate signs of growth: Finance Secretary
NEW DELHI: Declining global oil prices, stable rupee and falling interest rate are sure signs of high growth in coming months, said Finance Secretary Subhash Chandra Garg. India’s growth rate has declined to 5-year low of 5.8% in the fourth quarter of the previous fiscal and 6.8% for the full financial year 2018-19. “Turn around […]
Subhash Chandra Garg appointed as Finance Secretary
NEW DELHI: The government of India on Friday appointed Economic Affairs Secretary Subhash Chandra Garg as the Finance Secretary, the Ministry of Personnel said. Garg succeeded Ajay Narayan Jha, who superannuated on February 28. The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi has approved designating Garg as the Finance Secretary, […]