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Subhash Chandra Garg
'Rollback of Rs 2,000 note won't impact economy'
Garg said Rs 2,000 notes were introduced not as a well thought out measure but something which was only available readily to latch on
21 May 2023, 10:22 IST
'Rollback of Rs 2,000 note won't impact economy'
21 May 2023, 10:22 IST
Working with Sitharaman was difficult: Ex-finance secy
Garg said that Sitharaman had insisted on his transfer from the north block a month after she took over as the finance minister
31 October 2020, 12:47 IST
Working with Sitharaman was difficult: Ex-finance secy
31 October 2020, 12:47 IST
Modi’s key reforms stall as pandemic upends economy
India’s delay in appointing a new central bank committee to decide interest rates is just the latest of Prime Minister Narendra Modi’s key economic reforms that are failing to gain traction during the nation’s worst crisis in decades. Three of his major policies -- the goods and services tax, a bankruptcy and insolvency law and the Monetary Policy Committee -- have been mired in problems since the Covid-19 outbreak upended economic activity.
05 October 2020, 07:40 IST
Modi’s key reforms stall as pandemic upends economy
05 October 2020, 07:40 IST
'RBI surplus transfer to govt at 44%; lowest in 7 yrs'
Earlier this month, the RBI board approved a surplus transfer of Rs 57,128 crore to the central government for Accounting Year 2019-20 (July-June)
26 August 2020, 16:06 IST
'RBI surplus transfer to govt at 44%; lowest in 7 yrs'
26 August 2020, 16:06 IST
'Indian economy to contract 10% this fiscal year'
This will be the first contraction in over 40 years, due to a "faulty" COVID-19 lockdown, he said
02 June 2020, 18:45 IST
'Indian economy to contract 10% this fiscal year'
02 June 2020, 18:45 IST
Lack of data behind govt not announcing stimulus: Garg
23 April 2020, 18:51 IST
Lack of data behind govt not announcing stimulus: Garg
23 April 2020, 18:51 IST
COVID-19: Govt to face Rs 10 lakh cr shortfall in FY21
Former finance secretary Subhash Chandra Garg on Thursday said the government is likely to face a shortfall of around Rs 10 lakh crore in 2020-21 due to the COVID-19 pandemic.
16 April 2020, 17:03 IST
COVID-19: Govt to face Rs 10 lakh cr shortfall in FY21
16 April 2020, 17:03 IST
'Centre may require Rs 5 lakh cr to support economy'
The Centre may need to borrow 2-2.5 per cent of GDP or about Rs 4-5 lakh crore additionally for supporting people and businesses hit hard by the coronavirus outbreak and nationwide lockdown, according to former finance secretary Subhash Chandra Garg.
07 April 2020, 13:35 IST
'Centre may require Rs 5 lakh cr to support economy'
07 April 2020, 13:35 IST
'70% of India’s economy hit by lockdown, 10 cr jobless'
He suggested that the Centre should immediately release the share of central taxes
07 April 2020, 11:22 IST
'70% of India’s economy hit by lockdown, 10 cr jobless'
07 April 2020, 11:22 IST
Former Air India CMD appointed chairman of AP
17 March 2020, 09:10 IST
Former Air India CMD appointed chairman of AP
17 March 2020, 09:10 IST
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