Development plan for K-G basin runs for 12 years, so can't supply to RNRL for 17 years, says RIL.
Anil Ambani's Reliance Natural Resources Ltd is laying claim (through a family agreement prior to the group's split) to gas from estranged brother Mukesh Ambani's Reliance Industries Ltd at a fixed price of $2.34 per mBtu
He's the first finance minister to present Budgets on either side of an election and the first to do so after a quarter-century gap.
With deficient monsoon reducing hydropower generation in the country by around 40 per cent, the power ministry has started stressing more on power from coal and natural gas.
Sources said the company was likely to be incorporated with the four government companies holding equity in proportion to their profits, implying that the bigger the profit size, the larger their holding. The combined holding is likely to be in the range of Rs 325 crore (Rs 3.25 billion).
An intense debate is taking place within the finance ministry over a proposal to reintroduce investment allowance for companies implementing new projects or creating productive assets to expand their businesses.
Giving extensions to secretaries after fixing their tenure is unfair to the rest.
May dilute stakes in PSUs to 90% instead of big-bang approach
The divestment plan can be prepared now, but its execution should wait for a politically opportune time.
The government has not taken any decision on the communications ministry's proposal for appointing the next chairman of the Telecom Regulatory Authority of India.
Unlike other government projects, most funds under MPLADS get spent - now to see if they're well-spent.
The company was sold in 100 days, but will Ramalinga Raju be brought to justice as quickly asks A K Bhattacharya.
Even West Bengal units no longer have collective bargaining to fix salaries -- so why do central PSUs, asks A K Bhattacharya.
India's regulators still remain the preserve of the IAS. The time has now come to check out if the government has indeed used the better pay package for its regulators to widen the choice and attract private sector people.
The state of the economy did not deteriorate so sharply in the last eight days that the principles behind not announcing changes in tax rates in an Interim Budget had to be set aside. Nor can it be argued that the demand from industry and members of Parliament for some stimulus measures became so irresistible that the finance minister had to announce the tax rate changes in his reply to the Interim Budget debate.
Economic reforms have remained an article of faith for all the governments at the Centre in the last 18 years, irrespective of the political parties that formed them.
The party whose government presents the Interim Budget does not return to power.
Two contradictory remarks by ministers caused wild fluctuations in Satyam's stock. Why did they make them?
India Inc. may also have fallen prey to the so-called eleventh commandment of modern-day India: Thou shalt not be caught.
After all, general elections are round the corner and it is not reforms but hand-outs that will fetch greater returns.
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