Tag: Subhash Chandra Garg

Government keeps option of financial stimulus open

New Delhi: Trying to grapple with the economic slowdown, the government on Thursday appeared to keep the option of a stimulus package open, even as it is set to hike the capital expenditure by PSUs by Rs 25,000 crore over and above the budgeted Rs 3.85 lakh crore for the current fiscal. This emerged after […]

  • Tuesday, 06 July 2021
subash-garg-up
Subhash Chandra Garg appointed as new finance secy

New Delhi: Economic Affairs Secretary Subhash Chandra Garg, the senior-most bureaucrat in the Finance Ministry, has been named Finance Secretary. The Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi has approved designating Subhash Chandra Garg as the Finance Secretary. Former Finance Secretary Ajay Narayan Jha superannuated on February 28. A Personnel Ministry […]

  • Monday, 03 May 2021
petrol-price
Fuel price hike to have very marginal impact on inflation: Finance Secretary

New Delhi: Finance Secretary Subhash Chandra Garg said 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 fiscal. […]

  • Wednesday, 28 April 2021
PSU
Many 'maharatna' and 'navratna' cos may lose PSU tag post equity dilution

New Delhi: Several of ‘maharatna’ and ‘navratna’ companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU tag from some of the entities after its shareholding falls below the threshold 51 per cent mark. […]

  • Wednesday, 28 April 2021
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