India has still a long way to go with more than 85 per cent payment transactions in the country still taking place in cash.
08 Nov 2019 11:37 AM
Garg had applied for voluntary retirement in July after he was shifted from the Department of Economic Affairs to the Power Ministry.
01 Nov 2019 4:44 PM
Govt is working on bringing in the revised version of the scheme UDAY 2 which seeks to address power sector issues he added.
17 Sep 2019 10:30 PM
As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.
01 Aug 2019 10:11 AM
The nomination of Atanu Chakraborty is effective from July 29 and until further orders, RBI said.
30 Jul 2019 7:12 PM
The sovereign bond issuance was basically intended to ease the pressure on the domestic availability of resources.
27 Jul 2019 11:32 AM
Garg was in charge of the Department of Economic Affairs (DEA), and was designated the Finance Secretary.
26 Jul 2019 12:42 PM
The rejig came less than three weeks after the Union Budget was presented in the Lok Sabha and a day after it was passed by Parliament.
25 Jul 2019 2:37 PM
Subhash Chandra Garg, the senior-most bureaucrat in the Finance Ministry, was in charge of the Department of Economic Affairs.
25 Jul 2019 2:24 PM
Finance Minister Nirmala Sitharaman hiked import duty on gold and other precious metals in Budget to 12.5 pc from 10 pc.
07 Jul 2019 1:45 PM
The ECF panel will meet again in July and will submit the report post Budget.
24 Jun 2019 7:39 PM
Economic Affairs Secy said there is a need for ADB to focus on strengthening human capital and develop social safety nets.
04 May 2019 4:23 PM
Amidst the continued global uncertainty, Asia retains the hope of a bright future, said Subhash Chandra Garg.
04 May 2019 3:57 PM
Revised target has been met with help of expenditure savings and other measures including rollover of fuel subsidy, said sources.
10 Apr 2019 3:07 PM
Economic Affairs Secy Subhash Chandra Garg said government will stick to fiscal deficit target of 3.4 pc of GDP for current fiscal.
29 Mar 2019 7:23 PM
The auction of USD 5 billion for a tenure of three years will be conducted on Tuesday.
25 Mar 2019 2:46 PM
Tax collection during April-January of this fiscal stood at Rs 7.89 lakh crore as against Rs 12 lakh crore targeted for 2018-19.
19 Mar 2019 1:59 PM
As per interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 pc for current fiscal year ending March 31.
08 Mar 2019 7:14 PM
The decision with regard to interim dividend will be taken in the next board meeting.
01 Feb 2019 4:16 PM
Govt said there was 'no decision' on printing more of Rs 2,000 notes as there are 'more than adequate' in system.
04 Jan 2019 1:25 PM