Subhash Chandra Garg, economic affairs and finance secretary, has sought voluntary retirement from the government, sources in his office said Thursday.
His decision came after he was transferred to a relatively low profile power ministry late Wednesday evening.
Garg has yet not reported for his new assignment in the power ministry. He was appointed as power secretary in Wednesday’s reshuffle.
Garg, 58, a 1983 batch IAS officer has been working as the economic affairs secretary since 2017.
A Rajasthan cadre IAS officer, Garg was actively involved in seeking a larger pie for the government from the Reserve Bank Bank of India’s excess capital reserves. It was due to his dissents that a committee headed by former RBI Governor Bimal Jalan could not submit his report late last month. Garg wanted to secure the transfer of RBI surplus at one go.
