Business opportunity after phased diesel deregulation the main trigger.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
At present, in Myanmar, GAIL and IndianOil have a minority stake in a gas pipeline which goes to China, through South East Asia Gas Pipeline Company.
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.
Also discuss a proposal to increase the minimum VAT rate to 6% from 5%; no decision taken yet
This is the second postponement of the DBT launch in LPG. It was initially planned to be introduced from January 1.
Relief seen from easing global crude oil prices, phased diesel decontrol and capping of LPG cylinders.
Not only does there appear to be no meeting ground on the issue of a pricing formula proposed by the committee, the petroleum ministry wants another committee headed by Vijay Kelkar to look into the other major recommendation of moving to the revenue sharing model in exploration and production.
The move could streamline capital flows and help finance current account deficit
The government would try to minimise layers in FDI ceilings.
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.
Despite a high current account deficit (CAD) and lower interest rates abroad, the Union government will not go for a sovereign bond issue to get more dollars.
Could turn out below last year's budget estimate, with some improvement in revenue and spending
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.
April dealers with up to Rs 60-lakh (Rs 6-million) turnover could opt out with 1 per cent levy.
Finance ministry gives bank boards the flexibility to decide whether the stipulated tenure of rural/semi-urban experience should be continuous or in parts.
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.
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