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.
Amid the Bharatiya Janata Party governments at the Centre and in Haryana beginning to turn the heat on him, businessman Robert Vadra, also the son-in-law of Congress President Sonia Gandhi, recently ensured his companies filed their pending balance sheets.
PSUs will get direct allotment.
'Somebody will need to blow the whistle, call the play to a halt, and convince all players that they belong on the same side of the goal,' says Shekhar Gupta.
In the long run, the decision could bring clearer rules to a sector that has failed to provide India with enough power because it has been so hamstrung by confusion and scandals over concessions allegedly handed to government cronies.
The problem of stressed assets needs to be addressed with effective recovery.
The PM also took a swipe at 79-year-old Gogoi who had called the assembly election as a direct fight between him and Modi, saying he can only pay his respects to the elderly leader.
The Congress and the Left parties might move court to challenge LS speaker's ruling on Aadhaar as money Bill.
The overriding objective of the National Investment and Infrastructure Fund (NIIF) must be adequate economic return, not financial return.
After building a subscriber base of nearly 50 million in about eight chequered years, it finally gave up as it saw itself up against a 600-pound gorilla that breezed through double that many subscribers in a fraction of that time, says N Sundaresha Subramanian.
The new army chief's highest priority must be to address the critical hollowness in the Indian Army's operational preparedness, says Brigadier Gurmeet Kanwal (retd).
Rates to go up as Delhi power regulator works out plan to liquidate past dues.
Justice S N Dhingra Commission, which was set up to probe into grant of land licences to some companies including that of Robert Vadra's in Gurgaon during the Congress rule in Haryana, on Thursday sought six weeks more time to submit its report hours before the deadline was to end.
Government claims big successes in agriculture, rural roads & investment scenario.
The 'context' of the launch of GSAT-15 highlights that India has much ground to cover in the transponder arena while in satellite navigation arena ISRO's progress has been satisfactory, says Ajey Lele.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
'The three tycoons I deal with in the first chapter -- Ambani, Mallya and Adani -- in their own way represent the change that has come over India.' 'Of the three of them, Mallya is the most fun. He was terrific.' 'And I don't say that because I tell the story in the book of his golden toilet.'
Mr Modi can create a small temporary team in the PMO whose only job would be to listen to businessmen's mann ki baat referring to global best practices.
There is considerable discomfort within the defence ministry about the Rafale deal.
We dance on every small achievement and forget the long-term objectives: Ajit Gulabchand, MD, Hindustan Construction Company.
What should concern the Indian citizen is not the fact that the world's biggest assault rifle purchase was scrapped. What should is the fact that the tender was for a type of rifle that has never been produced, says Nitin Pai.
A new generation of scholars -- this time, sociologists and anthropologists, who hitherto have been busy with researching social practices of primitive tribes and social structures like India's caste system -- are starting to cast their eyes on the financial sector.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
'(Upper caste) leaders talk against the Constitution, reservations and the nation and still get away.'
Whistle-blower officer Ashok Khemka has been shunted again, in breach of rules by BJP government in Haryana. All actions of the previous Congress govt against him still stand even as the Narendra Modi government has chosen to keep away.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
Though Indians were no strangers to scams, spectrum loss was beyond their wildest imagination.
A homoeopathic state of mind pervades our thinking in governance and infrastructure-building. Do it in small, harmless doses, but nothing bitter, sharp, or bloody, says Shekhar Gupta.
The BCCI submitted a 60-page affidavit to the Supreme Court in which it stated it's opposition to certain points in the Lodha Committee report including one association and one vote for each state and also the inclusion of a representative of the Comptroller and auditor general (CAG) in the Board.
The imapsse continues over issues like bank scams and special status demand for Andhra Pradesh.
'May I ask if Sharad Pawar will say the chief justice of the high court as well as the judge who extended remand are also taking instructions from Somaiya?'
On the pricing issue, Eric Trappier said that the present aircraft are cheaper by 9 per cent.
Mr Modi, it came across, did not want to be seen as favouring any one business group.
For successive governments the Election Commission remains a 'holy cow', where unhealthy precedents are allowed to be nurtured since Independence, says N Sathiya Moorthy.
Bharatiya Janata Party leader Sumitra Mahajan will be appointed Speaker of the 16th Lok Sabha on Friday. Other key parliamentary posts like that of Leader of Opposition, deputy Speaker, chairman of the Public Accounts Committee and head of the all-important standing committee on finance will be keenly contested.
The court said a 'scam was created when there was none'.
NDA's energy plan powered UP win, but it's not a winner yet. Centre has claimed to have saved money by targeted coverage but critics say the system is not yet foolproof.
'Rather than an outcome of 'pro-incumbency', the exit poll results betray a completely lackadaisical approach of the Opposition parties.' 'While a new kind of politics was on display for the past five years, they were still mired in their old-style methods which will cost them the election,' predicts Utkarsh Mishra.
Even as several trains have more than 200 waitlisted passengers every day, running some trains with so many vacant seats is a criminal waste of scarce resource.
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