Subhash C Garg

Over lunch with Arup Roychoudhury, Garg talks about his two years as finance secretary as the government went into an unprecedented confrontation with the Reserve Bank of India

In the government system, bureaucrats don't do things on their own. They do what the political leadership wants them to do. Mr Garg was no exception

If the voluntary retirement application is accepted, Garg will leave service more than a year before his scheduled superannuation on October 31, 2020

Garg wants the panel to recommend tapping the 'unrealised gains' in the revaluation accounts of the central bank, while Jalan is not in favour of it

New Delhi, 22 JuneThe Centre, late on Wednesday, announced a large-scale bureaucratic reshuffle. A notable announcements was of Subhash Garg as economic affairs secretary. A 1983 batch Indian Administrative Service officer, from the Rajasthan cadre, he's currently World Bank executive director for Bangladesh, Bhutan, India and Sri Lanka. That stint, started in November 2014, will come handy as he takes charge of a department which is responsible, among other things, for multilateral institutions and economic relations with other countries. The charge also includes budget-making, deciding on borrowing with the Reserve Bank of India, investment, infrastructure and capital markets.Till May 30, it was led by veteran policymaker Shaktikanta Das. It is currently headed on an interim basis by corporate affairs secretary Tapan Ray."Garg has over 31 years of experience in administration, management and public policy, in finance, agriculture, education, energy and rural development," says his ..