Economic Affairs Secretary

According to a Moneycontrol survey of 17 economists, India's GDP may have grown by 6.8 percent in July-September, data for which will be released by the statistics ministry on November 30.

Tarun Bajaj takes over as Economic Affairs Secretary

Prior to taking over this post, he was the Additional Secretary in Prime Minister's Office.

India has adequate 'firepower' to deal with rupee volatility: Economic Affairs Secretary

The volatility is being driven by global factors including the proposed U.S. sanctions on Iran and the mismatch in demand and supply of oil, Subhash Chandra Garg, Economic Affairs Secretary in the Ministry of Finance said.

Printing of Rs 500 notes to be increased 5 times: Economic Affairs Secretary

Economic Affairs Secretary Subhash Chandra Garg told reporters the government suspects that Rs 2,000 notes are being hoarded as they are not coming back into the circulation fast enough.

Infra sector investment, bankruptcy reforms top priorities for government: Economic Secretary

Noting that India has no such framework for dissolving bankrupt and insolvent units, he said that the reform in this sector would bring in an state-of-the-art kind of system which works on strict and stringent timelines.

Government in advanced talks with entities for investment in NIIF

The government wants the investment vehicle to be private sector driven, with government providing a facilitating role, he said at the New Development Bank event here.

Government’s smart borrowing plan gives the economy some breathing room

When the central government goes around with a hat in hand, it is usually questionable whether it can negotiate, much less, secure cheaper loans.

India urges World Bank to increase IBRD's funding

During his meeting with World Bank CEO Kristalina Georgieva, Jaitley also emphasised on the need for developing countries like India to have more voting right at the multilateral lender.

Positives note ban to be felt from April: Finance Ministry

The states and the Centre have "converged on all areas of differences" over the Goods and Services Tax and the indirect tax reform will be implemented from July 1, unleashing the growth potential of the economy.

No plans to introduce Rs 1,000 notes: Shaktikanta Das

Last week, Finance Minister Arun Jaitley said the remonetisation situation with regard to replenishing the scrapped currency is "almost normal" now and the Reserve Bank is monitoring the supply on a daily basis.

Govt making efforts to increase exports to China:Shaktikanta Das

The trade between India and China in 2016 was USD 71 billion. India had a very wide trade deficit of USD 46 billion.

Bill soon to tackle bankruptcy in financial sector: Das

A bill on addressing bankruptcy issues in the financial sector is ready and is likely to be introduced in Parliament soon, Economic Affairs Secretary Shaktikanta Das said today.

3.2% fiscal deficit target realistic; revenues to improve: Das

"Revenue if at all can exceed because people are pointing out that you have not taken into account windfall you will get from RBI because of demonetisation," he told PTI in an interview.

Remonetisation nearly complete, says Shaktikanta Das

"All restrictions have been removed except on savings bank account of Rs 24,000 per week. This (removal of withdrawal limit) is also a matter of time," he told PTI in an interview.

Par panel meet begins, RBI Governor to brief on demonetisation

Patel will brief the parliamentary panel about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch post withdrawal of Rs 500 and Rs 1,000 notes.

FIPB clears 6 FDI proposals worth Rs 1,200 cr

Inter-ministerial body FIPB today approved six investment proposals, including that of Sanofi Synthelabo India, Star Den Media Services and Idea Cellular Infrastructure Services, envisaging foreign investment of Rs 1,200 crore.

Das, two other top bureaucrats in race for Sebi chief post

Three senior bureaucrats, including Economic Affairs Secretary Shaktikanta Das, are believed to be in contention for the post of capital market regulator Sebi Chairman after the extended tenure of incumbent UK Sinha ends early next year.

Old Rs 500 notes not acceptable from Dec 15 mid-night: FinMin

At the same time, mobile recharge facility with old Rs 500 notes will not be available. However, people can deposit invalid Rs 500 currency in their bank accounts.

People converting black money into white not to be spared: Govt

"Those indulging in or colluding with money laundering or converting black money into white will not be spared," Economic Affairs Secretary Shaktikanta Das said in a tweet.

Demonetisation: Shaktikanta Das brushes aside query on Urjit Patel keeping mum

Economic Affairs Secretary Shaktikanta Das, who has been holding fort since the November 8 decision to ban old 500 and 1000 rupee notes by almost daily announcing measures taken by the government to ease the cash crunch, said more important than who addresses is the issue of communicating and giving information.

Demonetisation: NABARD sanctions Rs 21,000 cr to district central co-op banks

In a media interaction Economic Affairs Secretary Shakthikanta Das announced another set to measures to combat the distress resulting from the government‘s demonetisation move.

India announces measures to ease cash crunch for farmers

Farmers have been left stranded as traders have no cash to pay for their produce, while millions of Indians lined up outside banks and post offices for the ninth day to exchange old banknotes or withdraw rationed money from their accounts.

Check repeat money exchangers, use indelible ink: Govt to banks

Serpentine queues, with some as long as a kilometer were seen nationwide at banks which opened after a day's break but soon crumbled under pressure in the absence of supporting cash vending machines.

Banks to use indelible ink so that people change cash only once

A top finance ministry official said the move would prevent "unscrupulous persons" from sending large numbers of people from branch to branch to change old 500 and 1,000 rupee notes to get around the crackdown.

Permitting FIIs in commodity trade under consideration: Das

"Many suggestions have come with regard to permitting FIIs into commodity trading, but no decision has been taken. The matter is under consideration. The matter is also under consideration of Sebi," Economic Affairs Secretary Shaktikanta Das said at the Economic Editors' Conference here.