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 CIDCO and the Maharashtra government have stepped up efforts to arrive at a consensus over compensation for PAPs, before a meeting called by the prime minister on November 13 to expedite the work. PAPs, who have dropped their earlier demand of Rs 20 crore (Rs 200 million) per acre, are demanding allocation of 35 per cent developed land against the offer of 22.5 per cent made by the state government and CIDCO.
Flamboyant Indian business tycoon Vijay Mallya is pitched against Mexican billionaire and one of the world's richest persons, Carlos Slim Helu, among others for buying the Formula One team of Japanese auto giant Honda, a report said.
The Telecom Regulatory Authority of India is recommending the cancellation of sports broadcaster ESPN STAR Sports' downlinking licence for non-compliance with the DTH platform's pricing formula.TRAI's proposed action follows its direction and a show cause notice to ESPN Software India in the last two months asking it to fall in line with its DTH pricing formula.
Proposals from the Centre's side include raising the 5 per cent slab to anywhere between 6 and 8 per cent, and doing away with the 12 per cent slab. A few states may oppose such a move because it involves hiking tax on items consumed by the poor. They have instead proposed raising the 18 per cent slab.
With the 50 bps rate cut now more banks are expected to reduce their base rate.
'Chief Minister Devendra Fadnavis called us for a meeting in March 2016 and we submitted the same charter of demands that we are submitting now.' 'He gave us wishy-washy assurances.' 'We thought he was the new chief minister and we believed him, but later we found out that nothing is moving on the ground.' 'This time we want a written assurance and a concrete timetable for implementation.' 'We will not leave Mumbai, come what may.'
Well, the most profitable Supercar maker in the world has been gulped by the monstrous Volkswagen group and now is flushed with cash to invest in newer, path breaking products.
According to a new subsidy sharing formula, the payout of upstream oil producers like ONGC is to be reduced to the extent of Rs 4,500 per tonne oil development cess they pay to the government, sources privy to the development said.
Chinese mobile brands are deeply entrenched in the Indian market. A move to bar them may send a bold diplomatic message. But its cost for the local industry is anybody's guess. In the event that Chinese brands face curbs, two handset makers - Samsung and Apple - squarely stand to gain.
Raamdeo's base argument is that India's stock market merely mirrors the national economy, which is poised for big things.
The full bench of the Election Commission will meet on August 25 in New Delhi after the return of Chief Election Commissioner S Nasim Zaidi to discuss the Bihar assembly polls.
India has missed yet another meeting on the Iran-Pakistan-India gas pipeline last weekend as officials from Iran and Pakistan met in Teheran to discuss the revised project cost and a new pricing formula.
A summary of sports events and sports persons, who made news on Monday
The Reserve Bank of India (RBI) allowing the use of put options in investment agreements has brought needed clarity but it has come with strict restrictions. These could impact investors looking for a minimum rate of return, experts say.
'These three commodities have been chosen very well.' 'It is up to the state governments and central government to see how it is implemented.' 'The government has to do some hand-holding.'
The market could consistently undervalue a certain kind of business.
Largest profit growth in Singapore will come from leisure and commodities sectors.
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.
Days after the Cabinet approved doubling of natural gas price from April next year, the Finance Ministry has written to Oil Ministry suggesting setting of a ceiling or an upper limit for the rates.
Banks seems to be upset over RBI's move over rate cut.
The Cabinet Committee on Economic Affairs may this week decide to price all domestically produced natural gas as per a formula suggested by a panel headed by Prime Minister's economic advisor C Rangarajan.
Rajan has already warned he does not have a 'magic wand' to deal with India's economic crisis.
The gas pricing formula no weight to cost of gas production. It takes into account prices in global hubs and the price of gas being imported.
The Gujarat government paid salaries and pensions worth Rs 29,000 crore in 2015-16.
A sensible investor who is always invested will get high returns over the long term.
Rediff.com takes a look at how the players, who were bought at the Players' Auction earlier this year, fared in IPL 8.
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.
Govt approved a formula, not a price; PetroMin says a substantial rise was inevitable.
Besides making property more expensive, these also affect the existing owners with higher taxes
Not only does there appear to be no meeting ground on the issue of a pricing formula proposed by the committee, the petroleum ministry wants another committee headed by Vijay Kelkar to look into the other major recommendation of moving to the revenue sharing model in exploration and production.
The very design of the GST will bring in revenue buoyancy.
FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.
Delhi, which has gained infamy as one of the world's most polluted cities, has for some years now witnessed a sustained campaign from various quarters seeking a ban on firecrackers. While the Centre launched the newly approved, eco-friendly firecrackers earlier this month as a "safer and cheaper" alternative, the mood in the market is tepid, says Ritwik Sharma.
'We all know that when the Babri Masjid was demolished, P V Narasimha Rao was prime minister.' 'He did not do anything to stop the demolition.'
In the next quarter, the country will also start gearing up for various Assembly elections could put the government as well as the OMCs under pressure
The next step for the Life Insurance Corporation of India is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity.
A third of the 1.2 billion Indian population has no access to electricity.
Can a mathematical formula capture the beauty of a city? You decide...
