Retirement decision not linked to transfer, says ex-finance secy S C Garg

He says no one in govt had opposed sovereign bonds

Subhash Chandra Garg, who announced voluntary retirement soon after being appointed as power ministry secretary, has clarified that his decision to quit the IAS is not linked to his transfer.

He said he informed the Prime Minister’s Office (PMO) earlier this month about his retirement plan. “I had discussed my voluntary retirement with the PMO on July 18, much ahead of the transfer order. There is no connection between the two. I formally submitted the application on July 24,” he said. 

When asked about the Budget proposal on sovereign bonds, that has raised quite a stir, Garg said that while