‘I think it’s a very important duty of any civil servant to see if something is conducive to the national interest, or is it only serving the political interest,' said Subhash Chandra Garg.
In ‘No, Minister’, Subhash Chandra Garg pulls the curtain back on how the finance secretary’s office functions and his interactions with politicians across the spectrum.
He also noted the 15th Finance Commission cut Karnataka’s share in central taxes ‘too drastically’, much more than other similar-performing southern states.
Subhash Chandra Garg, who had taken voluntary retirement last year, said Nirmala Sitharaman's first budget lacked major reforms, and was all praise for Arun Jaitley.
Former finance secretary Subhash Chandra Garg said a faulty lockdown strategy and an ineffective stimulus have adversely impacted economic recovery. Read his blog here.
Subhash Chandra Garg says real fiscal deficit could reach 5% of GDP after including off-budget liabilities, so there’s no space for an expansionary budget.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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