Oil and Natural Gas Corp, India's largest oil producer, bagged eight out of the 18 oil and gas block awarded today while country's largest private sector firm Reliance Industries managed five.
The government on Monday cleared a Rs 1,718 crore (Rs 17.18 billion) project to set five centres for automotive testing and homologation throughout the country over the next six years.
The Budget session of the Parliament is likely to begin from February 25 with the Presidential Address to a joint sitting of Lok Sabha and Rajya Sabha followed by presentation of rail budget and general budget on February 26 and 28.
The Union government has reconstituted the Cabinet Committee on Economic Affairs with Prime Minister Manmohan Singh as its chairman.
Home Minister Shivraj Patil briefed the Union Cabinet on the terrorist attack in Ayodhya on Tuesday.
The government on Friday night decided to approach the Supreme Court for clarification on certain aspects of the judgement halting the privatisation of two public sector oil units.
The government on Thursday approved setting up of a world-class drug research institute in Lucknow at a cost of Rs 190 crore (Rs 1.9 billion).
The Cabinet Committee on Economic Affairs has approved ONGC Videsh Ltd's proposal to invest $820 million for acquiring US energy giant ExxonMobil's interests in an oil field located off the Brazilian coast.
India on Monday decided to adopt a wait-and-watch approach on making its offers to the World Trade Organisation on opening up its services sector but said liberalisation of retail, legal and accountancy services will be solely driven by national inte
Announcing the Cabinet Committee on Economic Affairs decision, Finance Minister P Chidambaram said a Special Purpose Vehicle would be set up for the project.
The government on Thursday cleared the long-delayed Sethusumudram Ship Canal Project off Rameshwaram in Tamil Nadu that would vastly reduce distance between east and west coasts of India.
The Cabinet Committee on Economic Affairs on Wednesday deferred a decision on the package on pricing and distribution of sensitive petroleum products.
The government on Wednesday cleared the setting up of an Investment Commission to woo foreign as well as domestic investors for major projects in the country.
The government on Friday decided to stand guarantee to domestic financial institutions to settle foreign debts of Dabhol Power Project as part of its efforts to settle the issue and restart the power company.
The two countries to resume a composite dialogue next month to resolve all outstanding issues, including Jammu and Kashmir.
At the meeting, it was felt that army operations should continue in the state in view of the recent success gained against insurgents.
CCEA approved the proposal to give 39,777 equity shares in favour of MUL employees who had responded to our offer of 20 shares per employee at the rate of Rs 660 per share," Finance Minister P Chidambaram said on Tuesday. \n
In the face of the crisis in the Global Trust Bank, government on Monday committed to 'protect' the interests of depositors, with Finance Minister P Chidambaram saying deposits in the bank were 'reasonably safe.'
Adopting tough measures to prevent hijacking, the government has decided to allow shooting down of an hijacked plane in case there is conclusive evidence that it is being used as a missile like in the 9/11 terror attack.
The CCS also discussed the Nuclear Confidence Building Measures with Pakistan.
The Cabinet Committee on Economic Affairs on Thursday approved ONGC Videsh Ltd's proposal to lay a $200 million petroleum product pipeline in Sudan.
In one of the encounters in the higher reaches of Naugam, 112 kms from Srinagar, the troops cornered a group of infiltrating militants and have killed four so far.
Private companies coming up with mega projects may have to bring in minimum 51 per cent equity in order to avail the proposed 'viability gap funding' scheme for which government has earmarked Rs 1,500 crore (Rs 15 billion) this fiscal.
Centre objected to the review petition and said that the basic grounds for seeking review of the verdict are the same as they were in the main petition.
Oil and Natural Gas Corp, the Cabinet Committee on Economic Affairs has shot down its proposal to acquire a 45 per cent stake in a Nigerian oil and gas field for close to $2-billion saying the deal was 'too risky.'
The Cabinet Committee on Economic Affairs did not take up the issue of hike in petroleum prices on Thursday, Commerce Minister Kamal Nath said.
The government on Thursday decided to provide budgetary support of Rs 141.41 crore (Rs 1.41 billion) to 16 central public sector undertakings to enable them to pay pending salaries and statutory dues of their employees.
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