Sc Garg
RBI surplus transfer to govt lowest in last 7 years, says S C Garg
Earlier this month, the RBI board approved a surplus transfer of Rs 57,128 crore to the central government for Accounting Year 2019-20 (July-June)
 "RBI surplus transfer to govt lowest in last 7 years, says S C Garg")
Govt should offer one-time settlement to telcos, waive penalties: S C Garg
Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a one-time settlement scheme to the telecom companies to pay the principal due amount as per the AGR definition and waive the penal interest and penalties. The massive Rs 1.47 lakh crore of adjusted gross revenue (AGR) dues are pushing telecom firms to the brink. In a blog titled 'Rebuilding Telecom Business in India', Garg said the telecom crisis in India is not just limited to AGR-related issues. "Offer a one-time settlement scheme to the telecom companies (both operating and under resolution) to pay the principal due amount as per the AGR definition as contained in the licensing agreements and waive the penal interest and penalties. "Alternatively, appoint a board for Vodafone Idea Ltd by ousting the current board on the lines of action taken in the case of IL&FS and DHFL and secure a moratorium of some time on servicing of loans and government dues," he said. Garg noted that the telecom
 "Govt should offer one-time settlement to telcos, waive penalties: S C Garg")
Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg
Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes
Rs 2,000 notes can be demonetised without disruption: Ex-DEA Secy S C Garg
The former IAS officer has, therefore, suggested to outlaw the high-value notes
 "Rs 2,000 notes can be demonetised without disruption: Ex-DEA Secy S C Garg")
Budget 2019: India plans to raise $10 bn from first overseas sovereign bond
Sovereign bonds in India rallied on Friday after Finance Minister Nirmala Sitharaman said during her budget speech that the government would borrow in foreign currency to finance the budget deficit
 "Budget 2019: India plans to raise $10 bn from first overseas sovereign bond")
Big reforms made India fastest growing major economies globally: Garg
Garg was addressing the Special Event hosted by US-India Strategic Partnership Forum on 'Indian Economy: Prospect and Challenges' in Washington DC on Friday
 "Big reforms made India fastest growing major economies globally: Garg")
Economy to double to $5 trn by 2025; no risk to inflation target: SC Garg
India's GDP in value terms currently stands at $2.5 trillion -- making it the sixth largest economy in the world
 "Economy to double to $5 trn by 2025; no risk to inflation target: SC Garg")
