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Subhash Chandra Garg

Union Budget 2023: From fiscal deficit to tax slabs: Ex-Finance Secretary SC Garg on Budget 2023

Union Budget 2023: From fiscal deficit to tax slabs: Ex-Finance Secretary SC Garg on Budget 2023

Sun, Jan 29, 2023

In an exclusive interaction with Zee Business, Former Finance Secretary Subhash Chandra Garg gives a reality check on the popular expectation of the salaried class on the revision of the income tax slabs and cautions the government on the ballooning fiscal deficit scenario ahead of the Union Budget presentation on February 1, 2023 by Union Finance Minister Nirmala Sitharaman.

S.C. Garg Reform Action Plan-I: Ex-Eco Affairs Secy calls for PSU shutdown

S.C. Garg Reform Action Plan-I: Ex-Eco Affairs Secy calls for PSU shutdown

Fri, Nov 08, 2019

Classifying public sector as "mule", Garg said, "The public sector is a mule, which is a cross between the government and the private sector. It does deliver service, but is not as efficient business as the private sector".

Goal of 5 trillion economy will not be achieved unless power sector performs, says SC Garg

Goal of 5 trillion economy will not be achieved unless power sector performs, says SC Garg

Sat, Jul 27, 2019

Subhash Chandra Garg, who is a Rajasthan cadre IAS officer of 1983 batch, prior to joining the Power ministry, was serving as the Secretary, Department of Economic Affairs in the Ministry of Finance.

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Subhash Chandra Garg designated as Finance Secretary

Subhash Chandra Garg designated as Finance Secretary

Fri, Mar 08, 2019

58-year-old Garg, a 1983 batch IAS officer of Rajasthan cadre, has been working as the Secretary in Department of Economic Affairs since June 2017.

Printing, circulation of Rs 2,000 notes not stopped, clarifies government

Printing, circulation of Rs 2,000 notes not stopped, clarifies government

Sun, Jan 06, 2019

Economic Affairs Secretary Subhash Chandra Garg said more than adequate notes of Rs 2,000 are in the system and the circulation and printing is not being stopped. Watch full video to know more.

Govt working to restructure Air India's finances, says Garg

Govt working to restructure Air India's finances, says Garg

Thu, Sep 27, 2018

The government is working on restructuring national Air India's finances to ensure that the airline has "sustainable debt", Economic Affairs Secretary Subhash Chandra Garg said.

Petrol, diesel prices: Trend for reduction has started, says government

Petrol, diesel prices: Trend for reduction has started, says government

Fri, Jun 01, 2018

Petrol, diesel prices: Asked about a mere 1 paise reduction in petrol prices announced by oil companies yesterday, Garg termed it "formula driven", but added that the trend for reduction had begun.

Major reforms undertaken; India deserves rating upgrade: Garg

Major reforms undertaken; India deserves rating upgrade: Garg

Sun, Apr 29, 2018

In an interview to PTI, Economic Affairs Secretary Subhash Chandra Garg said Fitch's action did not come as a surprise as the rating agency had in discussion earlier indicated its focus on level of government debt even though it had a very favourable view on India's economy.

India to become $5 trillion economy by 2025, says Garg; these reforms will support

India to become $5 trillion economy by 2025, says Garg; these reforms will support

Sun, Apr 22, 2018

Garg says, “In the last few years, India has undertaken massive structural reforms towards formalization of the economy and fostering digital financial inclusion.”

Big reforms made India fastest growing major economies globally: DEA Secy

Big reforms made India fastest growing major economies globally: DEA Secy

Sat, Apr 21, 2018

Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA), said the launch of the Goods and Services Tax (GST) represented an " historic economic and political achievement, unprecedented in Indian tax and economic reforms, which has rekindled optimism on structural reforms."

India to get sovereign rating upgrade? Here is what FinMin wants Fitch to do

India to get sovereign rating upgrade? Here is what FinMin wants Fitch to do

Tue, Mar 06, 2018

The government will tomorrow pitch for a sovereign rating upgrade with global agency Fitch, highlighting reform push in taxation and PSU banks and its plans to gradually lower government debt.According to sources, representatives from Fitch are scheduled to meet Chief Economic Advisor Arvind Subr

IIP at 8.4% confirms manufacturing revival: Economic Affairs Secy

IIP at 8.4% confirms manufacturing revival: Economic Affairs Secy

Sat, Jan 13, 2018

IIP for mining, manufacturing and electricity sectors for the month of November 2017 stood at 107.4, 127.5 and 140.1 respectively

FRDI Bill will protect the rights of depositors, says FM Jaitley

FRDI Bill will protect the rights of depositors, says FM Jaitley

Thu, Dec 07, 2017

Apart from giving protection guarantee of Rs 1 lakh to depositors, the FRDI Bill will also look into the rights of uninsured depositors compared to the existing legal arrangements over the unsecured creditors and even government dues.

Indian economy on watch-list of S&P; positive rating can be reality in 2018

Indian economy on watch-list of S&P; positive rating can be reality in 2018

Sat, Nov 25, 2017

Two major agencies namely Moody's Investor Services and S&P have provided two different ratings outlook for India, one being cautious and other stating positive outlook for the country.

Govt not disappointed by S&P rating action: Eco Affairs Secy

Govt not disappointed by S&P rating action: Eco Affairs Secy

Sat, Nov 25, 2017

S&P kept the rating for India unchanged at 'BBB-minus' with 'stable' outlook saying vulnerabilities stemming from low per capita income and high government debt balance strong GDP growth.

Govt seeks Rs 13,000 crore surplus from RBI

Govt seeks Rs 13,000 crore surplus from RBI

Sun, Nov 19, 2017

In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017. It was less than half the Rs 65,876 crore it had paid in 2015-16.

Arun Jaitley to visit Singapore, meet foreign investors

Arun Jaitley to visit Singapore, meet foreign investors

Tue, Nov 14, 2017

On November 15, Jaitley will visit the Singapore Expo and deliver the keynote address at the Singapore Fintech Festival, a global event that draws over 10,000 participants.

New Rs 1000 currency report false, Finance Ministry clarifies

New Rs 1000 currency report false, Finance Ministry clarifies

Tue, Aug 29, 2017

Rumours that new Rs 1000 notes will be making a comeback by December have now been deemed false by the Finance Ministry of India on Tuesday.

RBI Governor meets Jaitley before monetary policy review

RBI Governor meets Jaitley before monetary policy review

Sat, Jul 29, 2017

The six-member monetary policy committee (MPC) of the RBI headed by Patel will meet on August 1-2 in Mumbai for the third bi-monthly policy review of the fiscal in the backdrop of latest macro data strengthening the case for an interest rate cut by the central bank.

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