Supreme Court ruling on Presidential Reference a booster, it says.
On all other issues, including the future of licences given to incumbents before 2008 on the controversial first-come-first-serve basis and dual technology licences, the status quo will be maintained, meaning there is no question of any cancellation, say experts and telecom companies.
In a move that may boost the Indian hydrocarbon industry and bring more investments into the sector, the Union Cabinet on Wednesday decided to give marketing freedom to domestic crude oil producers, allowing them to sell petroleum to any company in the local market. The move is set to be beneficial for major crude oil producers, such as state-run Oil and Natural Gas Corporation (ONGC) and Oil India, and private sector majors like Vedanta's Cairn Oil and Gas and Reliance Industries. As of May 31, India was dependent on imports for 86 per cent of its crude oil consumption; domestic production sufficed the remaining 14 per cent demand.
'We now look at divestment as an opportunity for maximising the value of public assets, not necessarily as a short-term resource-raising measure.'
The OECD is a club of developing countries and has been playing a key role in reforming the international taxation system.
According to sources, the government has provided a list of 20 companies to Reliance Industries for sale of gas as per the gas utilisation policy. Some of these companies include Nagarjuna Fertilizer & Chemicals, Chambal Fertilizers & Chemicals, Tata Fertilizers and Oswal Chemicals & Fertilizers among others.
India's Polar Satellite Launch vehicle-C16 rocket on Wednesday successfully launched into orbit the latest remote sensing satellite Resourcesat-2 that would study and help manage natural resources along with two nano satellites.
National Development Council meet to discuss this next week.
The Met department blamed the malfunctioning of sensors kept at the Automated Weather Station for the gaffe.
GIREM 36 is focusing on a new strategy to develop smaller cities as a magnet for allied investments in development of key areas of infrastructure, education and research, and industry.
RIL, as well as its partner Pioneer Natural Resources Co, are seeking a buyer for their stakes in Eagle Ford Midstream venture as they focus on shale oil production.
The Bombay high court on Monday suggested that the warring Ambani brothers could approach an independent body to resolve their dispute relating to supply of natural gas from the Krishna-Godavari basin. "The MoU is not able to resolve the issue and we would suggest both the parties to approach an independent body for the same," observed justice J N Patel.
"There are eight companies (who have put in expression of interest)... RNRL is one of them," said A K Ahuja, managing director, Ratnagiri Gas and Power Pvt Ltd, the company that operates the nation's biggest gas-fired power plant and the adjacent LNG import facility. Others in the fray include state power utility NTPC and GMR. Ahuja said RGPPL will frame the bidding criteria and call for financial bids by next month.
As Bihar celebrates its centenary, Gopal Krishna hopes the state can conserve, restore and manage its natural resources and desist from imitating a cannibalistic and toxic model of development
The United States reigns supreme as the world's economic superpower.
Chief Justice of India S H Kapadia on Saturday said loss is a matter of fact and profit and gain is a matter of opinion, remarks that came against the backdrop of raging controversies over valuation of natural resources.
The alleged irregularities in the coal block allocations came under judicial scrutiny today with the Supreme Court directing the Centre to explain if the guidelines were strictly followed in allotting the natural resource to private companies.
Did Jeff Bezos decide against endorsing Harris because it would hurt his business interests? Only God and Bezos know, and neither of them are talking, notes Prem Panicker.
These states make India one of the fastest growing economies in the world.
rediffGURU Kanchan Rai, founder, Let Us Talk, offers advice on how to navigate life's problems.
The Bharatiya Janata Party on Friday defended the washout of nearly the entire Monsoon Session of Parliament by the Opposition saying a similar exercise in 2010 on the 2G spectrum issue had led to cleansing of the telecom sector and hoped it will bring transparency in allocation of natural resources.
The United Progressive Alliance government in its robust defence has rubbished Comptroller and Auditor General's charges against the allotment of coal mines and its estimate of losses to the exchequer.
The tabling of CAG reports on coal block allocation, power and Delhi airport on Friday prompted erstwhile Team Anna to target the political class once again as it accused all the parties of being together in corruption and benefitting from the "loot" of natural resources.
The anti-talks faction of the United Liberation Front of Assam on Monday led 10 other militant groups based in the Northeast to call for boycott of Republic Day celebrations in the region and a general strike during 1.00 am to 5.30 pm to protest 'India's unrelenting colonial occupation of the region with the sole objective of exploiting its rich natural resources by gagging to people's voice for liberation from its clutches."
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On instructions from the Prime Minister's Office for a more uniform distribution of the natural resource, the petroleum ministry had in December 2007 scrapped all contracts for sale of gas produced from PMT fields and nominated GAIL for selling it to 'fuel-starved' fertiliser plants outside Gujarat. But after protests, the ministry agreed to partly restore 3.6 million standard cubic meters per day of gas out of 5.1 mmscmd consumed by RIL's petrochemical plants.
The court sentenced Patkar after considering the evidence before it and the fact that the case went on for over two decades.
These nations have faced adversities like consequence of poverty, genocide, years of war, lack of natural resources, poor farm management, and limited access to clean water and health care.
The Centre on Tuesday decided to withdraw from the Supreme Court its plea for review of the 2G judgment, which had held that natural resources should be allotted to private companies only through "auction" and not on the basis of first-come-first-served policy.
The challenge of Maoism can be met with equitable and inclusive socio-economic progress.
The ULFA made light of the OIL stand that seismic survey in Brahmaputra riverbed has become necessary,
RIL in a letter to the ministry said if such an "untenable" policy was allowed it would encourage KG-D6 allottees to sell the cheap gas at higher rates during times like plant shutdowns when they don't need the fuel.
'A few rich people, because of their proximity to powerful people, are able to gain unduly,' says journalist Paranjoy Guha Thakurta, who has just made a documentary on illegal iron ore mining.
Investing the time and resources needed to acquire new skill sets and sharpen existing ones will enable you to stay relevant and make you more employable, says Ankit Aggarwal, founder and CEO of Unstop.
Advocate Prashan Bhushan talked exclusively to Sheela Bhatt on the trend-setting judgment.
The ongoing slanging match between the civil society group and the government poses a danger of stalling the Lokpal Bill and derailing the movement against corruption.
Alleging "loot" of natural resources and corruption in implementation of central schemes in Uttarakhand, Congress President Sonia Gandhi on Tuesday asked people in the hill state to recognise the "fraud" being played with them and oust the BJP government from the state.
'I had the opportunity to portray a wildlife crime fighter on screen, which allowed me to express my concern for society, wildlife, and the environment. I strongly believe that humans share this planet with countless other species and hold immense respect for every living creature.'
