The Cabinet Committee on Economic Affairs had first on June 27, 2013, and then on December 19, 2013, decided to price all domestically produced natural gas, including unconventional fuels such as coal-bed methane and shale gas, at an average of international hub rates and the cost of importing liquefied natural gas.
Hike would have led to higher cost of fertiliser, electricity and even CNG.
With the government reducing the net worth for new entities in fuel-marketing space to Rs 250 crore, the market is open for new players like Total, Adani, and Saudi Aramco -- and even supermarkets - to open fuel outlets.
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 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.
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
Call to hike the limit for investment approval from CCEA to Rs 1,500 crore.
The coins will be issued with three different themes -- Unity in Diversity, Mudras from Bharatnatyam and Connectivity and Information Technology.
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.'
"It has been decided to sell 8 per cent equity in Maruti," Heavy Industries and Public Enterprises Minister Santosh Mohan Deb told reporters after the meeting of Cabinet Committee on Economic Affairs on Friday.
The government will decide on increasing petrol, diesel, LPG and kerosene prices within the next 24-48 hours.
.jpg)
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.
The Oil Ministry has proposed raising natural gas prices by at least 60 per cent, a move that will result in rise in urea as well as power costs.
The Cabinet Committee on Economic Affairs has approved ONGC Videsh Ltd's proposal to invest an additional $1.1 billion in Sakhalin-I project in Russia.
The cabinet committee on economic affairs will meet this evening to decide on the prices of petrol, diesel, LPG and kerosene, petroleum minister Mani Shankar Aiyar said.
RIL may go to arbitration which may lead to further delay in production and extra cost associated with the arbitration.
Special Judge O P Saini took strong objection to the agencies seeking repeated adjournments.
The sources said the matter should have been referred to the Cabinet Committee on Economic Affairs as foreign investments above Rs 600 crore (Rs 6 billion) can only be cleared by Cabinet Committee on Economic Affairs headed by the Prime Minister.
The government also sought approval from Parliament for equity infusion worth Rs 2,345 crore into struggling Air India and another Rs 1,300 crore for Air India Asset Holding.
The move would help insurance firms to get much needed capital from overseas partners.
Gas price hike seems to be a distant dream for Reliance Industries and its partners--Niko Resources and BP.
BJP MP and Janta Part Chief threaten to take the matter to the court.
UP's mills, dominated by the private sector's 94 units, have already expressed their inability to participate in the next crushing season
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
On the gaining side, Hero Moto, SBI, HDFC, HUL and L&T have gained between 1-1.4 per cent.
At the end of September quarter, Tail Winds held 68,15,843 shares, equivalent to 7.89 per cent holding, of Jet Airways.
The 15 proposals were cleared following recommendations by Foreign Investment Promotion Board.
The country has exported about 5 lakh tonnes of raw sugar so far availing the benefit of the subsidy, according to the Indian Sugar Mills Association (ISMA).
Ministry returns guarantee saying new price has not been notified and RIL would have to submit surety as and when it is announced.
If convicted, the offences entail a maximum punishment of seven years.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
The decision, taken by the Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi, comes less than a year before next general election.
Private lenders were among the top losers along with RIL.
The father-son duo are in the radar of the probe agencies in another case concerning the Aircel-Maxis deal.
The Cabinet Committee on Economic Affairs last month allowed ONGC and Oil India Limited to tap shale resources in blocks allotted to them on a nomination basis.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances