Subhash Chandra Garg: News

31 Oct 2020

Narendra Modi

Nirmala Sitharaman wanted me out of FinMin, says Ex-Finance Secretary

Former Finance Secretary Subhash Chandra Garg on Saturday blamed Finance Minister Nirmala Sitharaman for his sudden transfer from the Ministry.

08 Nov 2019

India

#NoteBanAnniversary: Ex-finance secretary says Rs. 2,000 notes can be demonetized

Exactly three years ago, Prime Minister Narendra Modi addressed the nation and wiped off Rs. 500 and Rs. 1,000 notes, making way for new Rs. 500 and Rs. 2,000 notes.

Chidambaram asks what's government's 'tearing hurry' to 'fix' RBI capital-framework

Former Union Finance Minister P Chidambaram today asked the Center what was its "tearing hurry" to "fix" the capital framework of Reserve Bank of India when the ruling dispensation had just four months to complete the term.

'Government not seeking Rs. 3.6 lakh crore from RBI'

The government today said it's not seeking Rs. 3.6 lakh crore capital from RBI, but is only discussing for fixing appropriate economic capital framework of the central bank.

12 Jun 2018

Narendra Modi

Air India sale: After flop-show, government mulls selling 100% stake

After a flop attempt at handing off its money-guzzling flag carrier to the private sector, the government is now mulling selling 100% shares of Air India.

20 May 2018

Port Blair

Petrol, diesel rates touch all-time highs as oil-companies hike rates

Petrol price today hit a record high of Rs. 76.24/liter in Delhi, while diesel rates touched record-high Rs. 67.57 as oil PSUs passed on four weeks of the relentless rise in international oil prices to consumers.

06 May 2018

India

India's projected growth rate to double economy in 10 years

India's projected GDP growth of over 7% for the current fiscal is "amazingly fast" and if this momentum is maintained the size of the economy can double within a decade, Asian Development Bank (ADB) Chief Economist Yasuyuki Sawada said.

22 Apr 2018

India

India's GDP expected to reach $5 trillion by 2025

India is poised to remain the fastest growing large economy in the world and its GDP is expected to reach $5 trillion by 2025 as the economic reforms adopted in last few years have started to bear fruit, a top Indian official said.

Cash crunch will be resolved by tomorrow, says SBI chairman

A severe cash crunch still persists across various cities and states, but SBI Chairman Rajnish Kumar has assured the problem will be resolved by tomorrow.

19 Apr 2018

Andhra Pradesh

Printing presses operating 24x7 to meet Rs. 70,000cr currency shortfall

The government has ramped up printing of currency notes and is operating all the four presses 24x7, an official said on Thursday amid ATMs running dry in many parts of the country.

30 Aug 2017

India

1,000 rupee notes will not be re-introduced, says FinMin

Since there had been disequilibrium in the market after the introduction of Rs. 2,000 notes straight after Rs. 500, the center has recently introduced the new Rs. 200 notes.