INSUBCONTINENT EXCLUSIVE:
Ministry to Power Ministry and his VRS offer, as he had discussed his voluntary retirement with the Prime Minister's Office on July 18."I
had discussed my VRS (voluntary retirement) with the Prime Minister's Office on July 18much ahead of the transfer order
There is no connection between the two," Mr Garg told reporters in a media briefing.Elaborating further, he said the VRS proposal was sent
much before the transfer order and he was grateful to the government for support.Asked whether his VRS proposal is accepted by the
government, he replied that there is a due process and the proposal is under consideration as it takes time.Earlier in the day, Mr Garg took
over as the new Power Secretary.Mr Garg, the senior most officer in the Ministry of Finance, was shifted to the Power Ministry on Wednesday
Thereafter he announced that he had applied for voluntary retirement from service on Thursday."Handed over charge of Economic Affairs today
Learnt so much in the Finance Ministry and Economic Affairs Department
Will take charge in Power Ministry tomorrow (Friday)
Have also applied for Voluntary Retirement from the IAS with effect from 31st October," Mr Garg had tweeted on Thursday.Asked why he didn't
sign the Bimal Jalan Committee report (on RBI reserves), he replied that the panel had not completed its deliberations.About challenges in
the power sector he said, "I have on my hand in the power ministry.distribution reforms, issues in transmission and getting power generation
The power sector is very important
I will do my best in the power sector".Mr Garg was in charge of the Department of Economic Affairs (DEA)
However, in a surprise move, he was named Power Secretary in an order issued late on Wednesday.As the DEA Secretary, he was in charge of
fiscal policy, RBI-related matters, and was closely involved in the preparation of the Union Budget.The 1983 batch IAS officer of Rajasthan
cadre, Mr Garg came to the centre in 2014, and was appointed Executive Director in the World Bank where he stayed till 2017, when he was
appointed DEA Secretary in June 2017
In March 2019, he was elevated as the Finance Secretary following retirement of A N Jha.Get Breaking news, live coverage, and Latest News
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