An international seminar on accounting practices opened on Monday with Finance Commission chairman C Rangarajan asking the government to ensure better expenditure control for containing fiscal deficit.\n\n\n\n
While markets are upbeat over the government decision to nearly double the price of domestically produced natural gas, industry wants it to clearly lay the roadmap for free market pricing regime.
The 12th Finance Commission report on sharing of funds between Centre and states, scheduled for submission by July end, is likely to be delayed due to the elections, C Rangarajan, chairman of the commission, said on Friday.
'The darkest days of Indian democracy were (during) the Emergency when basic democratic rights were suspended. For a time it seemed as though India would move along the East Asian model -- everybody works hard, nobody asks questions, certainly not of the government.' 'There are people who say we are headed that way, but I am not persuaded by the evidence,' says Mahesh Rangarajan who recently resigned as director of the Nehru Memorial Museum and Library in New Delhi.
Kumar Rangarajan of Little Eye Labs, the first Indian tech company to be taken over by Facebook, reveals what got them the social networking giant's attention.
An open letter to the prime minister on the Rangarajan formula doubling the price of KG basin gas
Chief Statistician T C A Anant says this a unique crisis and should be dealt with keeping the current situation in mind.
Strongly refuting allegations of favouring Reliance Industries, Oil Minister M Veerappa Moily on Friday said the proposed revision in natural gas price will apply to all companies including state-owned ONGC.
Union Culture Minister Mahesh Sharma has triggered a row by saying that late president A P J Abdul Kalam was a great nationalist "despite" being a Muslim.
Industry chambers also sought conducive policies for completion of large infrastructure projects in time.
As domestic demand for gas will rapidly increase, new gas sources need to be explored.
The ministry had sent a draft proposal for the consideration of the Empowered Group of Ministers to price all domestically produced natural gas -- be of state-run ONGC or private sector Reliance Industries - as per the formula suggested by the Rangarajan Committee.
Government is mulling higher taxes for the rich to help it fund welfare programmes and bring down fiscal deficit. Do you think it is a right thing to do?
Concerns on lower natural gas transmission, LPG rate cut & APM gas price hike might be priced in but no positive triggers
The previous United Progressive Alliance government had last year approved pricing of all forms of domestically produced gas at according to a formula suggested by a panel headed by C Rangarajan.
The government recently announced a new formula for determining the price of natural gas, lowering it from $8.4 suggested by the C Rangarajan committee.
Experts disagree with the idea and the Reserve Bank of India (RBI), which has the sole right to print money, is not comfortable with it as well.
Wholesale Price Index for the month ended March moderated to 3-year low of 5.96 per cent against Reserve Bank's projection of 6.8 per cent.
Economic growth rate had slipped to decade's low of 5 per cent in 2012-13 mainly on account of the impact of the global financial woes.
The Ministry in a draft Cabinet note proposed accepting in toto the Rangarajan Committee recommendation of pricing domestically produced natural gas at an average of international hub prices and cost of imported LNG instead of present mechanism of market discovery.
Prime Minister's key economic advisor C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures including further liberalisation of foreign direct investment norms to improve economic condition.
Trott, who played 68 ODIs and seven T20 matches, has scored 18,662 runs in first class cricket.
Suresh Krissna, who directed superstar Rajnikanth in films like Annamalai, Baasha and Veera, speaks about his book on the star, My Days with Baasha.
Former army chief V K Singh on Friday backed a farmers body's demand for rejection of the Rangarajan Committee report on freeing the sugar sector and threatened to 'gherao' the Parliament next month if it is not met.
Gold prices had touched the all-time high of Rs 32,975 per ten gms on November 27, 2012.
The Indian economy grew at a faster pace of over 8 per cent in two consecutive fiscal before falling to a nine year low of 6.5 per cent in 2011-12.
Industrial growth, as measured by Index of Industrial Production slowed to 2.7 per cent in August, from 3.4 per cent in the corresponding period last year.
While eyeing inorganic growth, the company is considering setting up skilling centres in Africa, Bangladesh and Pakistan.
Around 6,000 sugarcane farmers from across India held a massive protest in national capital New Delhi against the controversial Rangarajan Committee report. Former Army Chief V K Singh joined issue with the farmers and declared war against the government. Priyanka reports
Raise the price of diesel and restrict supply of subsidised LPG cylinder in a year to four per family, Prime Minister's Economic Advisory Panel suggested on Friday.
Sajjid Chenoy, India economist at JP Morgan is the new part-time member.
With inflation still ruling above the 9 per cent mark, Prime Minister's Economic Advisory Committee (PMEAC) on Wednesday suggested that the Reserve Bank should continue to focus on controlling the rising prices.
Pilot was there at the right place at the right time to take home the Bill.
The government is trying to promote infrastructure development through PPP projects and has suggested the state should pick projects under this mode in a big way.
'Never suited & booted' Little Eye Labs team looking forward to move to the social media giant's California headquarters.
In a surprise move, the Ministry had on October 10 moved a note to the Empowered Group of Ministers opposing a hike in price of RIL's KG-D6 gas before April 2014 even though the company itself was not seeking a revision before that date.
RIL has proposed to charge the government- fixed rate for natural gas on a gross calorific value (GCV) basis, instead of net calorific value (NCV).
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Prime Minister's key economic advisor C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures, including further liberalisation of FDI norms to improve economic condition.
