SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD APR 05
MCX SILVER MAY 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD APR 05
MCX SILVER MAY 05
MCX CRUDEOIL MAR 19
MCX NATURALGAS MAR 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Closing Bell: Nifty, Sensex pare losses; financials, metals drag

Asian stocks edge higher, Aussie in demand on recovery signs

Oil guzzler India says OPEC+ decision to hit economic recovery

Rupee slumps 16 paise to 72.99 against US dollar in early trade

Former finance secretary Garg defends stance on sovereign bonds amid criticism

Updated : July 26, 2019 06:23 PM IST

The sovereign bond proposal has limited risk with immense benefit, says senior bureaucrat.

I didn’t hear any criticism of sovereign bond scheme from within the North Block, says new power secretary.

Senior bureaucrat and former finance secretary Subhash Chandra Garg, who took over as the new power secretary today, defended his stance on sovereign bonds amid criticism from the Rashtriya Swayamsevak Sangh, Swadeshi Jagran Manch, former central bankers and economists.

ALSO READ: https://www.cnbctv18.com/finance/pmeac-member-rathin-roy-says-government-should-rethink-sovereign-bond-plan-4034401.htm

The new power secretary said that during his time at the Finance Ministry he didn’t hear any criticism of the sovereign bond scheme from within the North Block. He further added that the sovereign bond proposal has limited risk with immense benefit.

ALSO READ: https://www.cnbctv18.com/finance/atanu-chakraborty-appointed-as-the-new-economic-affairs-secretary-4052421.htm

When quizzed about his decision to take voluntary retirement, Garg said the decision was taken at the Prime Minister’s Office on July 18, which was before the official rejig announcement.

Published : July 26, 2019 06:11 PM IST

You May Also Like

India vs. England: Visitors lose, India scent series win by 3-1

India vs. England: Visitors lose, India scent series win by 3-1

DHFL auditor Grant Thornton finds another fraud of Rs 1,424 crore

DHFL auditor Grant Thornton finds another fraud of Rs 1,424 crore

Govt mandates dual air bags in new models from April 1

Govt mandates dual air bags in new models from April 1

Trending on CNBC-TV18

Live TV

recommended for you