A day after deciding to nearly double natural gas prices to $8, Finance Minister P Chidambaram on Friday hinted that power and fertiliser units may get gas at subsidised rates to keep electricity and urea costs down.
The anti-corruption Lokpal Bill was brought back to the Rajya Sabha on Friday in an amended form but its consideration was thwarted by Samajwadi Party, an outside supporter of the UPA government, which disrupted proceedings.
Officials cited the example of the Sixth Pay Commission.
Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.
While auditors have come in for a lot of praise for their proactive stand against what they perceive to be dodgy practices followed by companies, there is still a long way to go, says Shyamal Majumdar.
The Department of Industrial Policy and Promotion in its draft Cabinet has proposed to further tighten the rules for foreign direct investment in brownfield pharmaceutical sector.
He accused the BJP of creating friction between communities and 'igniting' fire and ramped up his attack on the PM.
Gujarat has around 3,000 licensees for allopathic drug manufacturing, apart from around seven homeopathic licensees, 500 ayuvedic and 600-700 cosmetics licensees
Following up on Finance Minister Arun Jaitley's Budget announcement of creating an integrated oil company, India's biggest oil and gas producer ONGC may buy all of the government's 51.11 per cent stake in Hindustan Petroleum Corporation Ltd.
With the setting of MPC, the interest rate setting powers would move from RBI Governor to the panel.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
The central government said the railways and civil aviation ministry must suspend all concessional travel on trains and flights, except for students, patients and disabled people.
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
'According to me, her finest hour was in 1983-1984 when she neutralised a combined US-Pakistan-British conspiracy to Balkanise India by creating an independent Sikh State of Khalistan,' says Colonel Anil A Athale (retd). A special assessment of Indira Gandhi on her centenary.
In 2010, Gujarat government is believed to have allotted 250 acres of land next to Gir Lion Sanctuary to Wildwoods Resorts and Realties Pvt Ltd for setting up a resort which was allotted at a price of Rs 15 per square metre or Rs 60,000 per acre.
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Cabinet likely to pave way for the 'super-rich' tax today.
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The Management Committee headed by Director General of Hydrocarbons R N Choubey refused to take a view on appointment of renowned reservoir consultants Ryder Scott, DeGolyer and MacNaughton, Gaffney, Cline & Associates or Netherland, Sewell & Associates to ascertain if RIL's claims of fall in reserves are actually true or the firm was hoarding gas by producing less, official sources said.
RIL, which has faced numerous delays in getting approvals and shifting goal-posts, said the country did not have a stable policy regime and this was responsible for exit of global energy giants like Royal Dutch Shell, BHP Biliton of Australia, Statoil of Norway and Brazil's Petrobras.
One of the beneficiaries is Jindal Steel and Power, which had earlier been kept out of procurement for rails
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
DMRC-like SPV to be floated in a month for the Rs 98,000 crore Mumbai-Ahmedabad corridor.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
The 62-year-old premier remains defiant despite the prospect of a no-confidence vote after Jacob Rees-Mogg, a leading Tory Brexiteer, piled on the pressure by submitting a letter of no-confidence to the chair of the Conservative's influential 1922 Committee on Thursday.
In the 38-page report, across 10 chapters, RIL explained how it entered the exploration and production business; the history of the New Exploration and Licensing Policy and the introduction of production-sharing contracts.
P Chidambaram says all options are on the table.
The initiative would provide double the relief announced by the states of UP and Maharashtra, the Punjab CM said.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
'The government has belied the hope that many harboured of change, efficiency and dismantling old practices as the defence ministry continues to pursue the same well trodden and wasteful path.'
Last week, Defence Minister Manohar Parrikar said buying 90 less Rafale fighter jets than the 126 planned earlier would save him money to buy more Tejas Light Combat Aircraft for the India Air Force.
The situation is now under control in the area, which is on the border between the Kolasib district of Mizoram and Cachar district of Assam.
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
Group rivalry in the Kerala Congress unit has intensified further as the political mission of chief minister Oommen Chandy to induct Pradesh Congress Committee chief Ramesh Chennithala into the cabinet has failed.
The Congress president questioned the government over unfulfilled promises and questioned the Rafale deal.
Congress stalwart Murli Deora passed away on Monday morning after battling a prolonged illness. He was a politician who shared rapport across the political and corporate spectrum.
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The 25-year production sharing contract, however, ends in 2029.
PSUs will get direct allotment.
The Supreme Court is scheduled to pronounce on Thursday its verdicts on a batch of petitions seeking re-examination of its decision to allow entry of women of all age group in Kerala's Sabarimala Temple and a review of its judgment giving a clean chit to the Modi government in the Rafale fighter jet deal with French firm Dassault Aviation.
Agriculture, social services, education, defence and so on will be brought into the digital fold and every gram panchayat will be connected to the internet.
It is imperative that the government first decides who should assume ownership of running Air India.
In her letter to Congress President Sonia Gandhi three days ago, Kidwai said she was relinquishing charge as party general secretary and Mahila Congress chief as he felt that Rahul Gandhi should be given the necessary space to bring in younger leaders of his choice
