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Govt to soon announce import curb on several non-essential items, says economic affairs secretary Subhash Chandra Garg
• 6 years agoLast week, Finance Minister Arun Jaitley announced the government's decision to relax norms for raising overseas borrowing and impose restrictions on the non-essential imports as part of efforts to check rising current account deficit (CAD) and a falling rupee.
CAD at 2.5% of GDP not worrisome, govt has required instruments in place to deal with outflows: Subhash Chandra Garg
• 7 years agoWith rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that CAD might rise in the current fiscal.
India will become $5 trillion economy by 2025, says Economic Affairs Secretary Subhash Chandra Garg
Ians • 7 years agoIndia is set to become a $5 trillion economy by 2025, Economic Affairs Secretary Subhash Chandra Garg said on Monday.
India will become $5 trillion economy by 2025, says Economic Affairs Secretary Subhash Chandra Garg
Ians • 7 years agoIndia is set to become a $5 trillion economy by 2025, Economic Affairs Secretary Subhash Chandra Garg said
Shaktikanta Das retires as Economic Affairs Secretary, Tapan Ray to succeed
Ians • 8 years agoEconomic Affairs Secretary Shaktikanta Das on Wednesday retired after serving the government for 37 years in various capacities.
Tapan Ray to be next Economic Affairs Secretary starting 1 June, to replace Shaktikanta Das
Ians • 8 years agoTapan Ray will take up the additional charge of the post of Secretary of Department of Economic Affairs from 1 June, 2017
Counting of old notes to still take a few months: Economic Affairs Secretary
Ians • 8 years agothe Finance Ministry, in discussion with the RBI, identified areas where double counting of notes might be happening because currency was moving from bank branches to their regional offices and then to the currency chests and the RBI.
Forget U-turn on Rs 1,000 notes, why did govt launch Rs 2,000 notes in the first place?
Dinesh Unnikrishnan123 • 8 years agoIf lower denomination notes (Rs 500 and below) are the focus, why was the government/ Reserve Bank of India flooded the system with Rs 2,000 notes in the days that followed demonetisation when general public was reeling under severe cash crunch.
No plans to introduce Rs 1,000 notes: Economic Affairs Secretary Shaktikanta Das
• 8 years agoHe also said complaints of cash shortages at ATMs are being addressed and requested people to desist from withdrawing more money than they need.
Unemployment on the rise, highest among OBCs: How is high growth benefiting poor?
Dinesh Unnikrishnan123 • 8 years agoThe Modi-government still seems to be obsessed with the GDP figures while focus on actual job creation remains weak beyond rhetoric.