Urjit Patel said said the process of remonetisation was on and estimation of costs was a complex exercise.
RIL had said at that time the allegations were baseless and devoid of any merit.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
The nation on Friday remembered former Prime Minister Indira Gandhi on her 30th death anniversary with President Pranab Mukherjee, Vice President Hamid Ansari and other leaders paying tributes to her.
The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.
Khurshid said the general feeling in the party is that the transition should happen.
The demand for turning Hyderabad into a UnionTerritory on the lines of Chandigarh and make it the joint capital of Andhra Pradesh and Telangana may be considered by the government.
Petroleum minister M Veerappa Moily would like to import 11 million tonnes of Iranian crude in this financial year.
The letter was not a challenge to leadership but a parchment of action to strengthen the party, Congress MP Vivek Tankha asserted, while former union minister Mukul Wasnik said those who saw the letter as an "offence" will also soon realise that the issues raised are worth consideration.
A decision on raising diesel prices by Rs 3-5 per litre, kerosene by Rs 2 and LPG by up to Rs 50 per cylinder will be taken after UPA Chairperson Sonia Gandhi returns from US, top government officials said.
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.
Describing DBT for LPG as a 'tremendous success,' Oil Minister M Veerappa Moily said the programme, when implemented throughout the country, would help save Rs 8,000-9,000 crore (Rs 80-90 billion) of subsidy from going to unintended beneficiaries.
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Following adverse media reaction to the June 27 decision of the Cabinet Committee on Economic Affairs, the finance ministry had issued an office memorandum asking the petroleum ministry to see if there was a way to make RIL clear its gas supply backlog at the existing price.
In Q3, E&P business accounted for just 1.5% of gross revenue
State-owned ONGC and Oil India Ltd (OIL) are likely to buy a 10 per cent stake in Indian Oil Corp (IOC) from the government at Rs 220 per share, aggregating about Rs 5,300 crore (Rs 53 billion).
Gandhi came along with Mukherjee and while the former president left after sometime, the Congress chief offered to drop him back but Mukherjee politely refused.
'What criteria is GoI (government of India) using to judge how long the lockdown is to continue...'
A day after the Congress said the 'doors are open' for Pilot and gave him a second chance, the party virtually closed them for him on Tuesday, sacking him as Rajasthan deputy chief minister and state party chief, three days after he mounted a rebellion against his state chief minister Ashok Gehlot.
The Trinamool Congress and Nationalist Congress Party, have indicated that their party chiefs have better credentials for the post than the newly-elected Congress head, reports Archis Mohan
Teheran bargains on OilMin plan for more rupee payment via increased import; wants investment deal on gas block.
Congress leaders told Rediff.com that if Sonia or Rahul Gandhi do not take up the leader of opposition's post in Lok Sabha, it would lead to factionalism and internal dissension, something that the party can ill-afford at this juncture. "Kamal Nath is undoubtedly a senior MP but his candidature is bound to be opposed by the MPs from southern states as they have won more seats," remarked a senior Congress functionary, adding that senior ministers like Veerappa Moily and Mallikarjun Kharge can be expected to push their candidature for this post. Anita Katyal reports.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
Government gives 3 months, starting June, for the 20 districts to be covered under its direct benefits transfer scheme.
Insisting that Vijay Mallya was not given even "a rupee benefit" under the Modi government, Finance Minister Arun Jaitley on Thursday said that loans were reportedly given to the businessman during the previous United Progressive Alliance rule through intervention of the North Block, a reference to the finance ministry.
The coming election to the Delhi assembly has so far been labelled a two-way contest between the Bharatiya Janata Party and the Aam Aadmi Party, but the Congress is not throwing in the towel yet.
BJP president Amit Shah, Uttar Pradesh Chief Minister Yogi Adityanath, and Union Minister Nitin Gadkari were among those who addressed public meetings in different parts of the state on Sunday.
There is ambiguity as some top leaders are not comfortable about moving the motion.
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.
The decision marks first successful policy intervention.
The senior Congress leader asserted that those calling for reform should have had a discussion with others as well.
The Congress leadership has also asked its leaders not to make any public statements on sensitive issues.
The Department of Disinvestment, which is looking at mopping up Rs 40,000 crore (Rs 400 billion) from the sale of shares in public sector units this fiscal, has raised about Rs 1,325 crore (Rs 13.25 billion) so far.
Adani Ports & SEZ was ordered to pay for damage to environment during the UPA govt
The likely solution that appears before the AAP government is to seek for a higher quota of domestic natural gas for Delhi, which would bring down auto and cooking gas prices.
Despite a massive decline in crude oil prices since 2012 -- Modi has been prime minister in six of these eight years -- petrol in Delhi has become 10 per cent costlier and diesel 97 per cent, as of July 2.
There was considerable disquiet in the Congress after Mukherjee accepted the invitation of the RSS to address its workers at its headquarters in Nagpur.
Although the Congress leadership and UPA has given its nod for Telangana, the road to the separate state is surely going to be a complicated one, reports Anita Katyal.
It was a changed scenario in the new Lok Sabha with the churning brought out by the elections throwing in contrasts.
Oil Minister M Veerappa Moily approved continuation of the existing rate of $4.2 per million British thermal units until the new government, which will be in place in May, decides on implementation of the new price formula.
Congress vice-president Rahul Gandhi's leadership has come under attack. Although the party tried to dismiss the rebellion brewing in Congress-ruled states of Assam in the east and Maharashtra in the west, no one is convinced.
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