The government is seeking to keep its fiscal deficit within the budgetary target of 4.8 per cent of GDP.
Pooling will also kick-start projects of Reliance Power, Torrent, Lanco.
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
#GiveItUp but no matching LPG connections for BPL
ONGC and RIL bill their consumers like fertiliser plants and power stations in US dollar.
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.
Gas prices have fallen to $10 per million British thermal unit. But the fate of the power project, run by Ratnagiri Gas and Power Pvt Ltd, will hang in balance till the committee takes a decision on gas pooling, reduction in certain taxes and providing per unit subsidy.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
Both the countries have increased prices of gas recently.
Pakistan's demand for gas stands at 8 billion cubic feet while the current production is 4 billion cubic feet.
Five of the 12 BSE sectoral indices ended at 52-week highs; the oil and gas index zoomed by nearly 5%.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Oil Minister Dharmendra Pradhan had last month told the Parliament that his Ministry has disallowed RIL from recovering $2.376 billion invested to develop offshore Krishna Godavari gas fields as output has fallen drastically and was way below the promised volumes in past four years.
Reason behind for the change in his stance: gas price increase.
Moving from pricing control to a free market means stiff competition.
Dabhol's assets will be demerged into the power plant and the LNG terminal.
The entire selection process of the IOC chairman was shrouded in mediocrity and mystery.
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