In the last fiscal, the government had originally budgeted a dividend income of Rs 27,178 crore (Rs 271.78 billion) from PSUs.
Bharti Airtel and Vodafone Idea have communicated to the telecom department that they will not pay AGR dues of Rs 88,624 crore, the deadline for which ended on Thursday, and will wait for the outcome of modification petition listed for hearing before the Supreme Court next week, according to official sources. Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to an official source.
He also asserted that ease of living and ease of doing business were behind the spirit of the work being done under the Central Vista project.
Anil dared the oil ministry to cancel the production sharing contract with RIL if it was really aggrieved and not challenge third party agreements.
She charged the government with profiteering at the expense of the people, saying its duty was to help them in times of crisis and not make profits out of their hard-earned money.
A bench headed by Chief Justice P Sathasivam said that the plea of the Centre would be taken up for hearing on October 8.
India plans to further cut imports from Iran by 13 per cent next fiscal even though easing of US and western sanctions has made buying crude oil from the Persian Gulf nation easier.
The FinMin will pay Rs 5,324 crore (Rs 53.24 billion) for Jan-March.
The 77-year-old was recently diagnosed with pneumonia and was admitted to the hospital, where he died at 1.28 am, a Congress leader said.
The move to implement a proposal of star ratings on passenger vehicles, similar to those seen on electrical appliances, is likely to be delayed by several months. Stakeholders from the automobile sector and the government are divided over key facets.
Union Home Minister Amit Shah on Monday reviewed the preparations for Cyclone Yaas including the evacuation of people on the high seas as well as in vulnerable coastal areas and the safety of COVID-19 facilities.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
Over the past decade, RIL has never announced lesser dividend to its shareholders even when faced with lower profits
The Delhi Police on February 20 arrested five corporate executives.
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Investment can only be by prospective dealers.
'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.
The finance minister admitted that there was no quick-fixes to economic problems and the government is working to stabilise the economy which may take time.
The Swachh Bharat Abhiyan -- or Clean India Mission -- was launched by Prime Minister Narendra Modi on October 2.
As CAG found Reliance Industries was being favoured in gas exploration deal to the government's detriment, former Prime Minister Manmohan Singh told the then top auditor Vinod Rai that audit should not hurt the private sector and RIL was one of the biggest and most respected.
Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
Three oil PSUs have moved the Supreme Court seeking modification of its earlier order that Aadhaar card is not mandatory and no person should suffer for want of it in getting benefits of government schemes.
Launching the scheme, Modi said during the nationwide lockdown, the talent from cities returned to villages and it will now give a boost to development of rural areas. The 'Garib Kalyan Rozgar Abhiyaan' will be implemented on a mission mode in 125 days in 116 districts of six states -- Bihar, Madhya Pradesh, Uttar Pradesh, Rajasthan, Jharkhand and Odisha -- that received the maximum numbers of migrant workers back.
India has been eyeing deeper energy ties with Iran and has already lined up $20 billion as investment in oil and gas as well as in petrochemical and fertiliser sectors there.
In Maharashtra, the oil industry had tenancy protection till 1999.
'He selects certain portfolios that he has personal interest in, and he does not give them to a senior leader. The responsibility is given to a junior minister who then directly reports to Modi or to the small team of bureaucrats working with Modi.' 'I noticed this first in Gujarat where Modi worked mainly with two ministers, Saurabh Patel and Amit Shah,' says Aakar Patel.
The growth, however, may not indicate a major revival of economic activity.
One crucial revenue source that can help the government achieve its fiscal-deficit target is the proceeds from the sale of its stakes in public sector companies.
Among food articles, vegetable prices surged by 69.69 per cent mainly on account of onion, which witnessed 455.83 per cent jump in prices, followed by potato at 44.97 per cent.
The focus will be on tackling the unfinished agenda requiring immediate attention like tax structure for solar projects, uniform tax rate on state-organised and state-authorised lotteries, taxing non-potable alcohol besides certain changes in the law, extension for NAA and rate rationalisation.
Reliance Industries has regained the top slot among Indian energy companies on the Platts global list
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
How Delhi Lieutenant Governor Najeeb Jung handles the fight with Chief Minister Arvind Kejriwal over the issue of appointment of a chief secretary will be an interesting insight into his personality, says Aditi Phadnis
'You cannot judge a government within a month. Give us five years' time.' 'At times, strict economic decisions have to be made for the good of the poor in the long run.' Dharmendra Pradhan, one of the Modi government's stars, speaks exclusively to Sheela Bhatt/Rediff.com about why the government is forced to roll out 'bitter medicine.'
I admire Kejriwal's intelligence but pity the fact that he had to use all the ingenuity and scheming to achieve his revenue enhancement goal, says Sudhir Bisht.
A plea of the UK-based Vedanta group company to export its share of crude oil from Barmer oil field in Rajasthan was on Tuesday rejected by the Delhi high court on the ground that domestic crude cannot be exported till India attained "self sufficiency".
India is the world's fourth-largest importer of natural gas, accounting for six per cent of the global market.
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Chidambaram also said the government will take steps to curb imports of gold, silver, oil and luxury goods.
Lack of clarity on the overhaul of the subsidy-sharing mechanism by upstream companies.
While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.
An ecological disaster is in the making in the Sunderbans, the world's largest mangrove forest spanning across the Indo-Bangla border, after an oil tanker collided with an empty cargo vessel. The incident spilled nearly 350 tonnes of oil into the Sela river, threatening the survival of multiple species of flora and fauna.
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