The government had in May last year disallowed $1.005 billion expense of RIL on the flagging KG-D6 gas fields for not implementing the approved field development plan.
The government on Thursday decided to join the arbitration initiated by Reliance Industries and its partners over delay in revision of natural gas prices, and named former Supreme Court judge G S Singhvi as its arbitrator.
The Supreme Court on Wednesday agreed to hear a plea seeking stay on arbitration proceedings on a dispute between Mukesh Ambani-led Reliance Industries Ltd (RIL) and the government over recovery of cost for developing the country's key natural gas field in the Krishna-Godavari (KG) basin.
We celebrate Bhattsaab and his greatest gems.
Former Australian judge Michael McHugh, who was appointed by Supreme Court to adjudicate on Reliance Industries' KG-D6 dispute, had slammed the government interpretation of his statements before quitting the tribunal.
'I like the fact that people think I am a funny guy and can make them laugh.'
'It is best that an amicable solution to the dispute is found outside the precincts of the courts of law,' says former Union home secretary Dr Madhav Godbole.
Govt notification on $8.4 a unit price likely by month-end
Pyaar Ka Punchnama 2 contains some genuine belly laughs, and would have been perfect were it not for its feature-length running time, writes Raja Sen.
Delhi Daredevils, one of the worst-performing franchises in the history of the Indian Premier League, have turned to former India captain and ex-Rajasthan Royals mentor Rahul Dravid to take their charge of their team in the upcoming ninth season of Twenty20 extravaganza, starting next month.
Rediff photographer-cum-correspondent Rajesh Karkera was the ultimate fly on the wall throughout the five days at Lakme Fashion Week Winter Fest 2016.
These tips will help you excel in the competitive exam.
Bollywood's newest formula for guaranteed success?
The clue to the what lies ahead for Tamil Nadu Chief Minister J Jayalalithaa, following the Karnataka government appealing in the Supreme Court her acquittal in a disproportionate assets case, may lie in a 2001 court case, writes R Ramasubramanian.
