The studies found that sectors with the highest unaccounted income included real estate, mining, pharmaceuticals, pan masala, gutkka and tobacco, bullion and commodity markets, film industry, educational institutes and professionals.
Narendra Modi on Sunday dubbed the United Progressive Alliance government as "remote controlled" and "lame" as he raised the pitch for a strong and stable government at the Centre.
The RBI governor, who made a presentation about the state of the economy as well about the world economy to the 31-member Parliamentary Standing Committee on Finance, stayed clear of controversial questions like government invoking special powers.
The Prime Minister's Office on Thursday forwarded to Oil and Petroleum Ministry a letter written by Delhi Chief Minister Arvind Kejriwal in which he has demanded that the decision to hike gas price extracted from KG basin be kept in abeyance till completion of a probe into the issue.
Terming Delhi Chief Minister Arvind Kejriwal ordering FIR against it as shocking, Reliance Industries said the complaints that were used to base the action are baseless and devoid of merit or substance.
War against price rise will remain the "overriding policy priority" of Congress, AICC said on Friday amid a growing feeling in the rank and file that inflation hit the party in the recent Assembly elections where it suffered one of the worst defeats in the recent times.
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India, which is 79 per cent dependent on imports to meet its crude oil needs, is building underground storage at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka.
Star ratings would be applicable for diesel pumps in the agriculture sector.
The Group of Ministers on Telangana is set to discuss the draft bill for the creation of Telangana on Saturday.
Brent crude was trading at $105 a barrel on Friday while US oil was at $96.75.
As the Congress mounted offensive over Narendra Modi's remarks on the AgustaWestland chopper deal case, the government on Tuesday hit back saying the prime minister cannot be gagged against speaking on corruption.
Congress leader Veerappa Moily stated that the negotiation for Agusta began during former prime minister Atal Bihari Vajpayee's regime and all his advisors and defence ministers were involved.
The ambit of the G-23 grouping increased this time as some more leaders -- Patiala MP Preneet Kaur, former Gujarat chief minister Shankar Singh Vaghela, former union minister Mani Shankar Aiyar and former Haryana speaker Kuldeep Sharma -- joined them.
The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or rupees of gullible investors were allegedly swindled.
Stung by Jayanthi Natarajan's attack on Rahul Gandhi, Congress leaders on Friday rallied behind him and slammed their outgoing "opportunist" colleague, saying she had been removed as environment minister because of 'Jayanthi tax' barb by Bharatiya Janata Party in the run up to Lok Sabha polls.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
All cases that were registered last year during will be pursued.
RIL had said at that time the allegations were baseless and devoid of any merit.
Khurshid said the general feeling in the party is that the transition should happen.
The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.
The Prime Minister's Project Monitoring Group (PMG) chairman Anil Swarup said 40 per cent of the 419 stalled large investment projects in his hand were struck due to environmental clearances.
Under pressure from his party, Oil Minister M Veerappa Moily said the government is considering increasing the quota of subsidised LPG cylinders to 12 per household even as hints were dropped of a one-time hike in diesel and LPG rates
Urjit Patel said said the process of remonetisation was on and estimation of costs was a complex exercise.
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On June 27, the Cabinet approved a new formula that uses weighted average of the price of LNG into India and average price at major gas hubs.
Controversial chief of right wing outfit Sri Ram Sene, Pramod Muthalik, on Monday claimed that it was the Congress party's "conspiracy" that had stalled his entry into Bharatiya Janata Party, which cancelled his party membership within hours after opposition from within and severe flak from other parties.
Petroleum minister M Veerappa Moily would like to import 11 million tonnes of Iranian crude in this financial year.
Prime Minister Manmohan Singh on Tuesday dedicated GAIL India Ltd's 1,000 km Dabhol-Bangalore natural gas pipeline to the nation.
Former Finance Minister P Chidambaram had said he was "disappointed and profoundly saddened" by Rajan's decision.
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 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.
The government is making behind-the-scenes offers to other parties in a bid to break them but as long as the Congress is firm on the decision, there is little that the government can achieve on the Insurance Bill.
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
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.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
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.
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.
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.
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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.
The senior Congress leader asserted that those calling for reform should have had a discussion with others as well.
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).
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