Economic Affairs Secretary News

News

We might end up 2018-19 with 3.3% fiscal deficit: Economic affairs secretary

Subhash Chandra Garg said the govt has maintained the glide path towards achieving the fiscal deficit target of 3% by 2020-21 and eliminate primary deficitThe govt has projected a fiscal deficit target of 3.4 for the next financial year 2019-20

1 min read2 Feb 2019
News

Govt expects ₹28,000 crore interim dividend from RBI: DEA Secretary

Govt expects ₹28,000 cr interim dividend from RBI: DEA SecyGarg further said the decision with regard to interim dividend will be taken in the next board meeting

1 min read2 Feb 2019
Politics

7.2% GDP growth rate very healthy: Economic Affairs Secretary

According to the Central Statistics Office (CSO) advance estimates, Indian economy is expected to grow at 7.2 per cent in 2018-19 against 6.7 per cent in the previous fiscal.

1 min read7 Jan 2019
Politics

India expected to be $10 trillion economy by 2030: Economic affairs secretary

Economic affairs secretary says good days are ahead and lot of good work is happening in the economy. It's on a stage of take off where Indians can legitimately hold their heads high

1 min read14 Jul 2018
Market

India has enough forex reserves to deal with rupee volatility: Govt

If needed, the government could raise funds through FCNR deposits, sovereign bond or other routes to increase forex reserves, says economic affairs secretary Subhash Chandra Garg

1 min read29 Jun 2018
Industry

India seeks $2.4 billion funding from AIIB

The Asian Infrastructure Investment Bank (AIIB) will also invest $200 million in India's National Investment and Infrastructure Fund (NIIF), says economic affairs secretary Subhash Chandra Garg

1 min read25 Jun 2018
Politics

No excise duty cut on petrol, diesel for now: DEA secretary

Economic affairs secretary Subhash Chandra Garg says the government is not considering cutting excise duty on petrol and diesel yet as rates have not touched levels that could trigger such an action

2 min read30 Apr 2018
Politics

India’s pace of reforms intact, deserves a rating upgrade, asserts top official

Economic affairs secretary Subhash Chandra Garg says India 'deserves' a rating upgrade on the strength of the major structural and fundamental reforms undertaken by the government

1 min read29 Apr 2018
Politics

India’s GDP to reach $5 trillion by 2025: Top official at World Bank

India's GDP is expected to reach $5 trillion by 2025 by leveraging on digitisation, globalisation, favourable demographics and structural reforms, says economic affairs secretary Subhash Chandra Garg

3 min read22 Apr 2018
Politics

Indian economy will continue to have V-shaped recovery: Govt

The first quarter (of FY18) was where the Indian economy bottomed out, and it is now seeing a very strong V-shaped recovery, says economic affairs secretary Subhash Chandra Garg

1 min read8 Mar 2018
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