Former Union Finance Secretary Subhash Chandra Garg has given a big statement on the sudden resignation from the Finance Ministry. He said that he did not have good relations with Finance Minister Nirmala Sitharaman, and that is why he resigned from the post before completion of his term and took VRS ie voluntary retirement. Let us tell you here that Subhash Chandra Garg was transferred from Ministry of Finance to Ministry of Power in July 2019, after which he applied for Voluntary Retirement (VRS) and was relieved on 31 October 2019.
Subhash Chandra Garg wrote in a blog, “Nirmala Sitharaman started insisting on my transfer from the finance ministry in June 2019, within a month of taking over as finance minister. He further said that I did not have good and fruitful relations with the new Finance Minister and I did not want to work anywhere outside the Finance Ministry. This is the reason why I refused before time. Nirmala Sitharaman became finance minister after the 2019 Lok Sabha elections.
with Jaitley Subhash Chandra Garg had a good relationship with Arun Jaitley, who was Finance Minister earlier, and Garg has also praised him in his blog. However, he could not maintain the same coordination with the new finance minister. Garg wrote in the blog, “It became clear long ago that it was going to be very difficult to work with her … She was prejudiced towards me. She was not comfortable working with me.”
Differences on these issues
Subhash Chandra Garg further said that he also had serious differences with the RBI on important issues like economic capital structure of RBI, package to solve the problems of non-banking financial companies, partial credit guarantee scheme and capitalization of non-banks. Started coming He further added, “Soon our personal relations soured, and official working relations also became very unproductive.”