The government expects to raise up to Rs 12,000-15,000 crore (Rs 120-150 billion) through Coal India IPO, billed as the country's largest ever.
The vacation of additional 2G and 3G spectrum may generate additional revenue of about Rs 80,000 crore (Rs 800 billion) on the basis of prices according to spectrum auctioned last year, DoT said in a note for the empowered group of ministers.
Dismantling a legacy of United Progressive Alliance rule, Prime Minister Narendra Modi has abolished all the 30 GoMs and EGoMs and told ministries and departments to take decisions on pending matters.
Instead of the original plan of auctioning four 3G licences per circle, bundled with 5 MHzs of spectrum per licence, the schedule will depend on spectrum availability in each circle.
According to the health ministry, advance appointments for vaccination can be booked through http://cowin.gov.in, or one can visit their nearest vaccination center after 3 pm and get on-site registration done.
Government has approved follow-on public offer of Power Finance Corporation worth Rs. 5,732 crore.
The decision had been communicated to the department of telecommunications, a senior official of the department told Business Standard.
With food inflation ruling at uncomfortable level, Petroleum Minister S Jaipal Reddy on Thursday ruled out freeing of diesel prices from government control, saying the move was not politically and practically feasible.
After natural gas prices, the government looks set to bite the bullet on auto fuel prices, with a panel of ministers scheduled to meet on June 7 to decide on freeing petrol and diesel prices.
Oil Minister Murli Deora on Wednesday said his ministry is not in favour of raising diesel and domestic LPG prices as response to spurt in global crude oil prices, as the move will add to already high inflation rate.
With the government making a distinction between the privately-run Reliance Natural Resources Ltd and the government-run NTPC Ltd in relation with the gas dispute with Reliance Industries Ltd, the ministry of power is likely to take up NTPC's case with the Empowered Group of Ministers.
The empowered group of ministers on fuel pricing is to meet this week to take a view on the price of diesel.
State-owned oil firms have seen their losses on diesel sales widen to over Rs 6 per litre, even as a ministerial panel meeting on raising prices has not yet been scheduled.
National estimates of the percentage of the population falling below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group.
The implementation of the five 'guarantees' announced by the Congress may cost the state exchequer an estimated Rs 50,000 crore annually.
A committee of secretaries is already looking into the issue of pricing, which companies like RIL, British Gas and British Petroleum have said should be market-determined.
The EGoM has fixed priority for the 25 million standard cubic metes per day of gas Reliance plans to start pumping from September this year and 40 mmscmd from March 2009. It has asked the company to first supply gas from KG-D6 field, the first major field of NELP to go on production, to existing gas-based urea plants, which are now getting fuel below their full requirement.
The Centre has turned down the proposal of the empowered group of state finance ministers to keep alcohol out of goods and services tax.
On April 5, the Empowered Group of Ministers put a cap on size for SEZ to 5,000 hectares after land acquisition in Nandigram, West Bengal turned violent killing 14 persons in police firing.
The empowered group of ministers, headed by Finance Minister Pranab Mukherjee on July 27, is likely to discuss setting priority for usage of the gas that is likely to be available in next five years, two sources privy to the development said.
After the empowered group of ministers' meeting on the 3G spectrum auction, finance minister Pranab Mukherjee was surrounded by journalists.
'You know why? Because they know they can't vet them, and they don't want Hamas in their neighbourhood'
The calculations done on June 25 were mostly based on the average international price in the first fortnight of June.
The EGoM is to consider fixing users for about 50 million cubic meters per day of KG-D6 gas, official sources said. This is in addition to the initial 40 mmscmd output that was previously distributed primarily to urea and power plants.
An Empowered Group of Ministers (EGoM) may go with Oil Minister Murli Deora's proposal to free petrol prices from government control, which would trigger a hike of Rs 3.73 a litre, official sources said.
The government told the Bombay high court on Friday that the empowered group of ministers decided that Mukesh Ambani-led RIL will start supplying gas from the KG basin to Anil Ambani's Dadri power project and other upcoming power plants once it is ready to begin operations.
A decision on the legal right of the poor to get wheat or rice at Rs 3 per kg was deferred on Thursday as Food and Agriculture Minister Sharad Pawar could not attend the meeting of a panel of ministers on the Food Security Bill on health grounds.
When Finance Minister Pranab Mukherjee entered the Committee Room in North Block for the empowered group of ministers' meeting on fuel price hike on Monday, he found Communications Minister A Raja already sitting there.
Worried by a spike in Chinese imports, the Indian Steel Association (ISA) plans to take up the matter with the government and seek measures to fix "trade distortions". Alok Sahay, secretary general of the group that represents the country's steel producers, said systemic changes were needed. "In order to take any trade measure, it takes a minimum of 15 months' time, due to prevalence of lesser duty rule in India, making India an easy target. "We are going to write to the government on this," he said.
There are opportunities to repeat the success of NTP '99 with 3G and Broadband Wireless Access, says Shyam Ponappa.
Four new players will be given spectrum along with one existing operator Bharat Sanchar Nigam or Mahanagar Telephone Nigam - in their respective circles.
External Affairs Minister Pranab Mukherjee, who heads an Empowered Group of Ministers on Special Economic Zones, is likely to consult Prime Minister Manmohan Singh to resolve the dispute between finance and commerce ministries over tax exemption for export profits from the zones.
Dabhol is part of Ratnagiri Gas and Power Pvt Ltd.
The Cabinet Committee on Economic Affairs has approved the purchase of 68 aircraft by the country's flagship carrier Air India, Civil Aviation Minister Praful Patel said on Thursday.
The Empowered Group of Ministers headed by Pranab Mukherjee has cleared the Food Security Bill, paving the way for Right to food to be made a fundamental right backed by legal provision. The bill is strongly supported by Rahul Gandhi and Congress president Sonia Gandhi.
With huge stocks and a possible record output this year, the Centre will soon take a decision whether to allow export of wheat, which was banned in early 2007, Food And Agriculture Minister Sharad Pawar said here on Thursday
The Inter-Ministerial Group on restructuring of Delhi and Mumbai airports asked global consultant ABN-AMRO to shortlist the bidders, ten of whom have expressed interest in modernising these airports, by Thursday.
The government holds 89.5 per cent stake in NTPC and it plans to dilute five per cent stake constituting 41.22 crore (412.2 million) shares through its proposed FPO.
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