Mrityunjay Kumar Narayan comes to the power ministry at a time when the industry is reeling under bad loans worth ₹1 trillionHe also assumes office at a time when a new power sector package is in the offing, comprising a new tariff policy and structural reforms
4 min read27 Jul 2019'Today, we don't even know who to talk to in NBFCs and there are no organisations that represent them,' Garg said
3 min read5 Jan 2019Prudent policy measures will help contain the stress, currently seen in financial condition tightening and oil prices, among others: Economic affairs secretary SC Garg
1 min read13 Oct 2018Concerns had emerged over a April circular issued by Sebi that said foreign investment rules for companies of Indian origin had been tightened
1 min read4 Sep 2018Demonetisation helped in checking black money, promoting digital transaction and weeding out fake notes: Economic Affairs Secretary S.C. Garg
1 min read29 Aug 2018The RBI's directive comes as more people in India are switching to plastic, partly driven by Prime Minister Narendra Modi government's decision to replace high-value currency notes in November 2016.
2 min read6 Aug 2018Finance ministry says growth slowdown in the economy has bottomed out, government to maintaining the fiscal deficit at 3.2% for current fiscal
1 min read24 Oct 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared