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 2019Govt 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 2019According 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 2019Economic 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 2018If 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 2018The 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 2018Economic 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 2018Economic 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 2018India'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 2018The 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 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared