The Group of Ministers on Telangana met for the first time on Friday with an assurance that the concerns of Andhra Pradesh would be addressed with "fairness and objectivity".
According to estimates, if the companies are not allowed to raise petrol rates at least Rs 5 a litre by the first fortnight of September, they might begin to suffer underrecoveries on this decontrolled auto fuel, too -- for the first time this financial year.
Every dollar increase in crude oil price will add Rs 4,000 crore to the overall underrecovery.
If approved, gas price will rise to $6.775 per million British thermal unit from $4.2 currently.
In a further escalation of the confrontation between the Congress and the government, the opposition party claimed that a committee constituted by the Delhi government has found 'gross financial irregularities' in the DDCA during that period.
Reaching out to present and former employees of the defence PSU at an interaction with them, Gandhi said, work done by HAL for the country was tremendous and the country owed debt to it for "protecting us" and creating a scientific vision.
Former Prime Minister Manmohan Singh, who is hailed as the architect of economic reforms in the country, is a member of the Parliamentary Standing Committee on Finance, it was announced on Tuesday.
Despite a poor show, Karnataka Chief Minister Siddaramaiah chose not to resign stating that the verdict was a not a referendum on his government. Mahesh Kulkarni reports from Bangalore
Adityanath will be the 21st UP chief minister and the fourth from the BJP.
Oil Minister M Veerappa Moily has asked the finance ministry to cut duties on branded petrol and diesel that offer better mileage and help cut fuel consumption.
Moily walked from his residence at 3, Tughlak Lane, to the Race Course Metro Station, where he boarded a Yellow Line train and alighted two stops later at the Central Secretariat station, a short walk from Shastri Bhawan, the seat of the Oil Ministry.
Moily insisted that no proposal has been moved to the Cabinet for raising diesel rates beyond the 40-50 paise a litre monthly increase, which has been implemented since January.
On a day Narendra Modi attacked the United Progressive Alliance government for its "mis-governance", Congress chief Sonia Gandhi hit back accusing the Bharatiya Janata Party of hatching conspiracies before elections and misleading people in its hunger for power.
The Supreme Court on Friday granted six weeks time to Mukesh Ambani's Reliance Industries Ltd (RIL) to respond to the final CAG report which found alleged irregularities including in payments made to the contractors on drilling of D6 wells at the Krishna-Godavari basin.
Describing DBT for LPG as a 'tremendous success,' Oil Minister M Veerappa Moily said the programme, when implemented throughout the country, would help save Rs 8,000-9,000 crore (Rs 80-90 billion) of subsidy from going to unintended beneficiaries.
In a full-scale offensive, Narendra Modi on Sunday charged that Sonia Gandhi's "blind love" towards her son Rahul Gandhi had left the country in "ruins" and the United Progressive Alliance government was "remote-controlled" by her.
'Where he used to sit bored, sulky and fiddling with his cell phone in the Lok Sabha (and was often missing during key debates) he is now noisy, aggressive and ready to lead his flock into the well of the House,' says Sunil Sethi.
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With Oil Ministry continuing to be opposed to selling IOC shares on stock market like other disinvestments, an Empowered Group of Ministers headed by Finance Minister P Chidambaram today decided to sell 24.27 crore shares or 10 per cent government stake in the company to Oil and Natural Gas Corporation and Oil India Ltd.
While the government had in June approved a new formula for pricing of all domestically produced natural gas, the Cabinet yesterday allowed the same principles to also be applied to Reliance Industries' currently producing fields in KG-D6 block subject to certain conditions.
Oil accounts for about a third of India's total imports and higher dollar prices combined with a rupee near all-time lows have increased its cost.
The Turkmenistan event underscores the lengths to which China's oil-and-gas companies will go to curry favour in resource-rich locales.
MPs will first attend a 'Farm Progress Show' in Iowa, then visit the Monsanto headquarters in St Louis, Missouri.
The Oil Ministry is seeking Cabinet nod to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.
Companies use journalists as conduits.
The Appointments Committee of the Cabinet approved appointment of Sarraf, who at present is Managing Director of ONGC's overseas arm, ONGC Videsh Ltd.
A landmark bill to replace the collegium system of judges choosing judges was on Thursday passed in the Lok Sabha after government dropped a controversial provision that required unanimity in recommendation if the President seeks reconsideration.
'If the Congress is to challenge the NDA government, Rahul Gandhi will have to shed his indifference to Parliament, become more visible and vocal and, essentially, lead from the front,' says Rediff.com contributor Anita Katyal.
Congress Vice-President Rahul Gandhi had brought in the United States style 'primaries' with much fanfare to empower grassroot leaders to fight the Lok Sabha elections.
Brigadier Gurmeet Kanwal (retd) lists why India must not do away with AFSPA, but ensure enough transparency to avoid confrontation with human rights.
The court said a 'scam was created when there was none'.
'This man has aged, but does not know the difference between words spoken on the streets from those of spoken in Parliament.' 'He does not allow his hair to turn gray, so he hasn't learned or matured.' Rashme Sehgal reports on how Subramanian Swamy has riled the Congress yet again.
At the core of the issue is the national capital's unique status of a Union Territory that is administered by both the Centre and the government of the National Capital Territory of Delhi.
'If the government starts playing favourites, if the government acts in a manner which is not transparent, then natural resources which belong to not just you and me, but future generations, they fritter away. The anger against corruption, the anger against India's natural resources being looted is a consequence of the fact that within society there is a huge amount of turmoil and discontentment. Why should an Empowered Group Of Ministers or the Cabinet Committee on Economic Affairs decide the administered price of gas?' asks Paranjoy Guha Thakurta in this exclusive interview with Rediff.com's Sheela Bhatt.
Rediff.com's Sheela Bhatt, who is accompanying Prime Minister Manmohan Singh on his trips to Russia and China, notes that Moscow and New Delhi work together professionally and via a shared common approach on crucial issues.
They also voiced concerns over a double penalty being sought to be imposed on them for KG-D6 fields output not matching targets.
Oil Minister M Veerappa Moily has suggested pricking the ballooning oil bill with everything from a street theatre campaign encouraging lower fuel use, to shutting fuel stations, to increasing imports from Iran.
'For now, the AAP is the conversation,' Lord Meghnad Desai tells Rediff.com's Sanchari Bhattacharya. 'Everyone is talking about the 'Delhi model'. They have made so much difference. They have changed politics.'
Government's reforms are too half-hearted. But Rahul Gandhi's Congress is too amateurish and inept to hold it to account.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
Nitin Gokhale, national security expert and founder BharatShakti.in, tells us what the controversy is all about.
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