Power Minister Piyush Goyal is keen to revive the energy sector.
Power Minister Piyush Goyal is keen to revive the energy sector.
When criticism mounted about projects coming to a standstill last year, the Manmohan Singh government sacked one of its Cabinet ministers. The buzz was that the minister had been sitting on clearances and refusing to approve the projects.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
Senior government officials said the company would be allowed a harmonious exit.
Amid a spate of government proposals at its door, the Election Commission has asked all Union government departments to route their proposals through the Cabinet Secretariat.
To proceed with a Cabinet proposal to grant the relaxations to RIL, the Election Commission's approval will be sought.
If the EC decides to put on hold a gas price revision for RIL, it would set a precedent for pricing decisions of the government and policy decisions taken but undergoing procedural delays.
Will get Rs 830 cr, Rs 329 cr respectively to offset higher coal costs
One crucial revenue source that can help the government achieve its fiscal-deficit target is the proceeds from the sale of its stakes in public sector companies.
General Motors' Tavera recall prompts Union government to formulate a stricter policy.
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Following adverse media reaction to the June 27 decision of the Cabinet Committee on Economic Affairs, the finance ministry had issued an office memorandum asking the petroleum ministry to see if there was a way to make RIL clear its gas supply backlog at the existing price.
Clamping down on the delays in repatriating foreign exchange earnings, the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and bring back full value of goods and services to India within a year from the date of export.
ONGC's chairman and managing director Sudhir Vasudeva tells Business Standard that any price for natural gas that is more than $4.2 a unit is good for the company.
A deal with the Assam government, which holds majority stake in the company through Assam Industrial Development Corporation Ltd, is likely by October.
Business opportunity after phased diesel deregulation the main trigger.
R-Power had produced the test certificate claiming March 30, 2013, as the date of commissioning.
First right of refusal may be limited to firms working under NELP, leaving out pre-NELP blocks run by big firms such as RIL and Cairn India.
Railway officials said important projects at crucial stages would now be stuck for a long time.
Bansal's exit came at a time when some good investment and policy decisions were expected.
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