The terms are the same as those suggested by a panel headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan for awarding future oil and gas block contracts.
CAG, in the third round of audit of KG-D6 as well as three other oil and gas fields, on November 11 wrote to RIL seeking records to audit spending in 2012-13.
An expert committee has recommended to Defence Minister Manohar Parrikar that supply of equipment need not be blocked even if bribery charges emerge.
In a presentation to investors in Mumbai last week, Aramane Giridhar, Joint Secretary (Exploration) gave detailed reasons for pendency of decisions in the Ministry of Petroleum and Natural Gas where officials approved of decisions but refused to issue formal orders, resulting in delays in production of oil and gas.
A slow and ineffective response to allegations of scams under the erstwhile United Progressive Alliace government strengthened anti-Congress impressions in the minds of voters, which resulted in the party's poor show in the Lok Sabha polls, senior Congress leader Mani Shankar Aiyar said on Thursday.
The judgment in the 2G case is a huge, huge, indictment of the criminal investigation and justice system, says R Jagannathan.
The fear of another scam pushed the government into a rather long period of so-called 'policy paralysis'. To play it safe, the price of spectrum in all subsequent auctions was benchmarked to the high 3G rates, says Surajeet Das Gupta.
India's winning streak in elections to UN bodies demonstrates it is time for the country to become a permanent member of the Security Council and those who doubt this can no longer behave like "ostriches in sand", the Indian envoy to the world body has said.
'The three tycoons I deal with in the first chapter -- Ambani, Mallya and Adani -- in their own way represent the change that has come over India.' 'Of the three of them, Mallya is the most fun. He was terrific.' 'And I don't say that because I tell the story in the book of his golden toilet.'
The Association for Democratic Reforms slams the Budget proposals on political funding, says they lack teeth and show the "lack of political will" in proposing real reforms.
Just before the elections, the government waived interest on loans up to Rs 300,000 for farmers. But this may not really help small and marginal farmers in the state, who make up for two-thirds of the total and are still dependent on informal channels of credit.
After years of waiting, the stamp was released on Wednesday, October 5.
Congress members also vociferously pressed for a discussion on the Comptroller and Auditor General report.
The Comptroller and Auditor General report tabled in Gujarat legislature has indicated security lapses and mismanagement by the jail staff in the state prisons.
On the pricing issue, Eric Trappier said that the present aircraft are cheaper by 9 per cent.
The Narendra Modi-led National Democratic Alliance government has given environment clearance to five projects since it took charge on May 26.
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Railway Board Chairman Arunendra Kumar said the discussions at the day-long meet involved an overview of five models of participative policy, framework of engineering, procurement and construction contracts and sectoral guidelines for foreign and domestic investment.
With the expected launch of The People's Liberation Army (Navy)'s second aircraft carrier on April 23, China will match India in carrier numbers.
The BJP government in the state violated the Indian Government Accounting Standard.
At a time when more and more of government spending is done by states, the impression you get from these large advertisements could well reflect the slogan of Emergency days: the nation is on the move, says T N Ninan.
The International Chamber of Commerce's arbitration body International Court of Arbitration has ruled in our favour in the Antrix-Devas arbitration case and Antrix is liable to pay damages totalling $672 million to it, Devas said on Tuesday.
CAG had in its previous reports slammed Oil Ministry and its technical arm DGH for not exercising enough control and vigil over KG-D6 block.
Down and out Congress is all set to use 'Modi's doublespeak on CAG reports' and invitation to Nawaz Sharif as weapons to target the prime minister-designate. Renu Mittal reports.
Political funding of elections has led to the rise in black money in the economy.
'Somebody will need to blow the whistle, call the play to a halt, and convince all players that they belong on the same side of the goal,' says Shekhar Gupta.
IndiGo, Jet, SpiceJet and GoAir demand level playing field in aviation policy, say government can't favour only two new airlines.
FinMin officials say an announcement could be made in the Budget.
The list includes CAG's request dated July 2, 2012 for information on award of contract for laying of a 1,395-km pipeline by Mukesh Ambani-owned Reliance Gas Transportation Infrastructure Ltd for shipping KG-D6 gas from east coast to the west.
West Bengal Chief Minister Mamata Banerjee could be staring at troubled times ahead as the Saradha scam trail seemingly leads up to her doorstep.
Air India's former executive director Jitender Bhargava feels the airline should oppose the Tata-Singapore Airline plan to set up a hub in Delhi.
A CAG report severely criticises the movie certification body for fabrication of documents and showing bias while issuing film certificates.
Retirement fund body EPFO paid lesser amount as interest on PF deposits of over five crore subscribers than its earnings between 2007-08 and 2010-11, government auditor CAG has said.
Russia's Rostech State Corporation has tied up with Hindustan Aeronautics Limited for manufacture of at least 200 Kamov 226T light helicopters to replace the ageing fleet of Cheetah and Chetak, in a deal estimated to be worth $1 billion under 'Make in India' initiative.
Telecom department says spectrum can't be used as collateral because it's government property
'Even though an India-China military conflict scenario seems unlikely, its possibility gets enhanced if our capabilities are seen to be inadequate by the adversary,' warns Vice Admiral Premvir Das (retd).
The Gomti Riverfront Development project, the Agra-Lucknow Expressway, the Jai Prakash Narayan International Centre and the efforts towards the beautification of Old Lucknow are some of Akhilesh Yadav's initiatives that are the subject of investigation.
Finance Minister Arun Jaitley on Wednesday asked the CAG not to sensationalise its findings to get into headlines, a view the Congress party had voiced in the past after huge notional losses were projected in reports on 2G and coal allocation scams.
Government has put on auction the gas discovery area it snatched from Reliance Industries in KG-D6 block and the field that Cairn India is seeking to regain around its Rajasthan block.
Rejecting the contention of private power distributors, the Delhi government on Wednesday ordered an audit by the Comptroller and Auditor General of their finances, fulfilling yet another election promise of the Aam Aadmi Party.
With the Supreme Court (SC) cancelling captive coal block allocations, Jindal Steel & Power Limited will be the worst-affected company.
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