The report, submitted to the government last week, says the slow pace of field development is the reason production has fallen to 50 million standard cubic metres a day (mscmd) from a peak of 60 mscmd last year.
IEA has forecast that in 2011 demand will grow by 1.4 million bpd to 89.4 million bpd.
Started in 1857, Alstom is one of the grand old companies of Europe.
RIL is insisting on a more relaxed contract for committing more gas to NTPC.
With RIL's KG-D6 output playing truant, steps need to be taken to stabilise the country's natural gas production.
When people get used to something, they want more of it. But gas will always be short in India. All estimates of gas demand are hugely pessimistic.
The government will reserve the right to decide on the cost recoverability of royalty from Cairn India's block in Barmer while clearing Cairn Energy's sale of its Indian subsidiary to Vedanta Resources.
The government had in July 2010 imposed a cess on coal at an effective rate of Rs 50 a tonne.
There was a time when gas was offered to India at a cheaper price but we could not close those deals.
The company is also looking to expand the supply of gas by roads and is evaluating creation of small storage hubs along the highways.
The annual ball, renamed this year as 'India soiree', showcased the food, fashion and performing arts of the country.
Commerce and Industry Minister Anand Sharma has asked global retail chains not to rush the government into allowing foreign direct investment (FDI) in multi-brand retail.
Although the relatively small number has not stopped the Dragon from showcasing its economic miracle, many business leaders and academicians see clouds on the eastern horizon, as Beijing adapts to life as a global power.
As the shadow of governance deficit and corruption back home threatened to lengthen behind the glorious Davos sun, India's image managers launched a spirited damage control exercise on the penultimate day of the World Economic Forum (WEF).
State Bank of India Chairman O P Bhatt says the bank did differ with the Reserve Bank of India's views on a host of issues, but it was unfair to blame the country's largest bank for taking care of the interests of the aam aadmi (common man).
After being on the defensive for the last two years, global bankers are making their presence felt in Davos.
Top business leaders see a host of potential dangers facing the world economy - ranging from asset bubbles in emerging market countries to soaring world commodity prices and huge levels of state debt in Europe.
The Gurgaon-based company, which is in negotiations with Chinese banks, expects to clinch the loans by September.
Most banks follow lax selection and due diligence procedures as long as relationship managers bring in the money.
Future Capital Holdings has had a troubled past, but Vice-Chairman & Managing Director V Vaidyanathan has an ambitious gameplan. Can he pull it off?
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances