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Sovereign bond a well considered decision: Subhash Chandra Garg

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Newly-appointed Power Secretary Subhash Chandra Garg on Friday asserted there is no connection between his transfer from the high profile Finance Ministry and decision to take voluntary retirement, saying he had already discussed the retirement matter with the PM Office on July 18. On sovereign bond issue, he said that the sovereign bond issue is to ease pressure on domestic availability of resources, especially the private sector has enormous benefits, and risks are lower. About any opposition to sovereign bonds, he said,"During the time until I was there, I hadn't heard anyone in the government questioning the government."

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