Didn't sign Jalan panel report because it's not final: SC Garg

SC Garg says his decision to seek voluntary retirement was made before he was moved as finance secretary and made the new power secretary.

Former finance secretay Subhash Chandra Garg on Friday said he hadn't signed a report written by a committee reviewing the Reserve Bank of India economic capital framework because deliberations were not over.

Garg, in a bureaucratic reshuffle, was moved as the Finance and Economic Affairs Secretary and appointed the new power secretary--a move that surprised analysts because of his key role in framing key government policies like the Union Budget.

"I had discussed my VRS (voluntary retirement) with the Prime Minister's Office on July 18...much ahead of the transfer order. There is no connection between the two," news agency PTI