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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.
For every rupee fall against the dollar, the under-recovery will increase by Rs 8,000 crore
Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent.
The temples committee has already posted a request to devotees on its website to contribute towards the rebuilding.
This means taxpayers might continue to enjoy exemption on maturity of their investments
Reason behind for the change in his stance: gas price increase.
May include 'influencing a company's major policy decisions' in the current meaning.
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.
Lines up a $1-billion capital expenditure plan for exploration purposes abroad.
A deal with the Assam government, which holds majority stake in the company through Assam Industrial Development Corporation Ltd, is likely by October.
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Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
The biggest problem is that those with Aadhaar numbers aren't coming forward for seeding these with bank accounts.
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.
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