The finance ministry has rejected the formula and, instead, suggested an alternative that takes into account well-head prices of suppliers in Qatar, Oman, Abu Dhabi and Malaysia.
Prime minister's office wants OMCs to bear credit subsidy for remaining 8 subsidised units on reimbursement basis.
LPG alone will save us Rs 8,000 cr a year: M Veerappa Moily.
There is eight per cent quota for former defence personnel and employees of central and state public-sector undertakings.
The project involves dredging the stretch of water between Tamil Nadu and Sri Lanka to make it navigable for ships.
Finance, oil ministry tussle over exports.
While eyeing inorganic growth, the company is considering setting up skilling centres in Africa, Bangladesh and Pakistan.
According to an official source, the Rs 8,000-crore (Rs 80-billion) capacity expansion plan by Chennai Petroleum Corporation Ltd may get hit as European companies are reluctant to give technology licensing for the upcoming six-million tonne units.
Underrecovery from sensitive petroleum products seen at Rs 1,55,000 cr in current fiscal.
Under the current agreement, a dealer of a state-owned firm is allowed to sell only that OMC's products
Under the current agreement, a dealer of a state-owned firm is allowed to sell only that OMC's products.
Bangladesh government has shortlisted bidders for a 5-mt LNG terminal at Moheshkhali island in the Bay of Bengal.
Delaying GAAR is seen as a move partly designed to help solve Vodafone dispute.
The Kolkata-based coal miner has tied up with the US-based Advance Resource International Inc for exploration and identification of the potential shale deposits within the company's coal blocks.
This adds to the list of projects that left the state, whose industrial image has suffered
Until last week the government's divestment plan was struggling, but it got a boost from a $1.1 billion offering of miner NMDC.
The HPL board had reinstated its CDR committee to woo lenders.
It's a sign that the economy may have turned a corner that strengthens the RBI's case against a rate cut.
India's retail inflation is the highest among the BRICS group of emerging economies.
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