Subhash Chandra Garg

Rajiv Kumar appointed as new Finance Secretary

Rajiv Kumar, Secretary in the Department of Financial Services, will take place of  Subhash Chandra Garg.

published on : 31st July 2019

Transfer of finance secretary is not enough for errors in Budget: Yechury

Subhash Chandra Garg, who was Finance Secretary, was shifted to the Power Ministry on July 24 as part of a major bureaucratic reshuffle by the government.

published on : 28th July 2019

Jalan committee report likely to be delayed

Finance secretary Subhash Chandra Garg’s transfer to the Power Ministry may see the panel consult RBI again.

published on : 27th July 2019

Garg says none in government questioned offshore bonds issue when he was DEA Secretary

The Prime Minister's Office (PMO) has asked the finance ministry to reconsider the plan and instead look at issuing rupee-denominated bonds instead of foreign currency bonds.

published on : 26th July 2019

Subhash Chandra Garg takes over as new Power Secretary

An interaction of Garg with media is scheduled later on Friday. Garg was in charge of the Department of Economic Affairs (DEA), and was designated the Finance Secretary.

published on : 26th July 2019

Out of finmin, finance secretary Subhash Chandra Garg seeks retirement

A 1983 IAS officer of the Rajasthan cadre, he was appointed World Bank Executive Director in 2014.

published on : 26th July 2019

Proposed ban on private cryptocurrencies 'backward looking', say experts

The panel headed by Economic Affairs Secretary S C Garg, recommended banning of private cryptocurrencies and criminalising any activities related to virtual currencies.

published on : 23rd July 2019

No change in dividend distribution tax

In the Budget, the government taxed the buyback route to check dividend distribution tax evaders.

published on : 12th July 2019

FinMin to look into applicability of 20% tax on share buybacks by listed cos

Nirmala Sitharaman in her 2019-20 Budget speech proposed to provide that listed companies shall also be liable to pay additional tax at 20 per cent in case of share buyback.

published on : 12th July 2019

India's first Sovereign Bond float in October-March period: Finance Secretary Subhash Chandra Garg

On the Rs 5 lakh crore target for 2024-25, Garg said it will include 12 per cent nominal growth for a five-trillion-dollar economy by 2024-25.

published on : 7th July 2019

Government assessed smuggling dimension while raising import duty on gold: Finance Secretary

The gems and jewellery industry has expressed disappointment with the Union Budget 2019-20, saying that the increase in customs duty will encourage grey market.

published on : 7th July 2019

Slow down in Q4 due to stress in NBFC sector: Finance Secretary Subhash Chandra Garg

Garg expressed hope that growth will pick up from the second quarter of the current fiscal.

published on : 1st June 2019

Bimal Jalan panel​ to hold next meeting on June 13: Finance Secretary Subhash Chandra Garg

Garg said that the report on cryptocurrency regulation is ready and will be submitted to the finance minister soon.

published on : 30th May 2019

Government to borrow Rs 4.42 lakh crore in H1FY20

The government has already rolled overpayments of the fertiliser and petroleum subsidies to the next fiscal year.

published on : 30th March 2019

Government to borrow Rs 4.42 lakh crore in first half of FY2019-20: Economic affairs secretary 

As per the Union Budget, the gross borrowing was pegged at Rs 7.1 lakh crore for 2019-20, higher than Rs 5.71 lakh crore estimated for the ongoing fiscal.

published on : 29th March 2019
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