Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
Finance Minister Arun Jaitley to discuss state-level issues before finalising GST.
The government is bullish on Coal India and ONGC's stake sale programme which are to be held soon.
Finance ministry maintains that all KYC requirements will be followed.
Last week, the government had introduced a fresh round of austerity measures, including bans on first class travel, creation of new posts and holding meetings in five-star facilities.
The country may propose pipeline via China when Putin visits this year.
The panel suggested the cess for BS-IV and BS-V fuels should accrue to the Oil Industry Development Board
Cabinet may tweak Rangarajan formula; new price may be further delayed.
ONGC takes Reliance to court, alleging years of stealing from its offshore block and a sleeping govt, right after it was agreed there would be a probe by experts.
The company is looking to invest more than $3 bn over the next three years.
Earlier this week, the ministry had come out with a clarification, saying domestic gas producers had to stick to the earlier price of $4.2 a unit until a further notification from the new government.
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.
The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.
Govt notification on $8.4 a unit price likely by month-end
Gas price hike seems to be a distant dream for Reliance Industries and its partners--Niko Resources and BP.
For 2014-15, the bill on this account is likely to be 12.8% more than in 2013-14.
The govt auditor also indicts DGH and management committee of D1 and D3 fields
M Veerappa Moily's takeover of the environment & forests ministry last month, it appears, is turning out to be a blessing for Coal India Ltd (CIL), the world's largest coal producer.
This comes even after the Indian ambassador there had said this would affect the interests of other Indian companies.
The likely solution that appears before the AAP government is to seek for a higher quota of domestic natural gas for Delhi, which would bring down auto and cooking gas prices.
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