Economists and analysts see a slow and arduous economic revival from here. But some say it can be accelerated

The government emphasised at the Rajya Sabha that a declining trend was visible in the hoarding of Rs 2,000 notes

3 years of demonetisation: Garg said that a good chunk of the Rs 2,000 notes are not in circulation but have been hoarded

In February, the government awarded six airports - Ahmedabad, Lucknow, Jaipur, Guwahati, Trivandrum and Mangalore - to the Adani Group on a 50-year lease

Kumar will succeed Subhash Chandra Garg as the Finance Secretary. Garg, who also held the office of Economic Affairs Secretary, was transferred to the Power Ministry in the latest bureaucratic reshuffle on July 24

While Garg claimed to have discussed his plans for voluntary retirement with the Prime Minister's Office beforehand, Finance Minister Nirmala Sitharaman says she wasn't aware of any such conversation. Both, however, stand by the soundness of the overseas bond plan introduced in Budget 2019

Just to clear, the sovereign bond issuance which was basically intended to ease the pressure on the domestic availability of resources, especially into the private sector, was a very well-considered decision, Garg said

Word is that former finance secretary Subhash Chandra Garg did not properly apprise the PMO of the consequences of borrowing in external currency. This contention does not seem to hold water

Former EAS Subhash Chandra Garg had refused to sign-off on the panel's report on the RBI's ECF; with his exit, the panel is unsure whether to submit the report as is or to induct his successor Atanu Chakraborty into the team for further discussions

We made our position clear to all those who matter, SJM's Ashwani Mahajan says. The economic wing of RSS opposes the idea raising sovereign overseas borrowing, and believes Garg was the brain behind it

A strong dissent note to the Bimal Jalan committee on the RBI's Economic Capital Framework and his role in making sure India moves ahead for external currency sovereign bonds cost Economic Affairs Secretary Subhash Chandra Garg dear

The Appointments Committee of Cabinet, which constitutes PM Narendra Modi and Home Minister Amit Shah, transferred 12 secretaries and upgraded the post of the same number of senior IAS officers in their respective departments