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.
Relations between an elected government of Delhi and the LG can never be cordial: It is just the way the relationship is structured.
It is clear Modi wants to establish a direct hotline with the bureaucracy, bypassing the ministers, just like in Gujarat where the bureaucracy ran the show and the babus were given a free hand to take decisions.
It calculated that the government should have got an additional profit share of $ 115.263 million.
The world's largest cash transfer programme has eliminated around 40 million ghost connections
The BJP accused the Congress leader of playing politics in the matter.
The Petroleum Ministry has asked for Rs 26,000 crore (Rs 260 billion) as fuel subsidy for the third quarter of this financial year, but the finance ministry is inclined to provide only Rs 10,000 crore (Rs 100 billion) cash support.
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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.
With the Petroleum Ministry opposing disinvestment of IOC in the market, government is exploring the option of selling its shares to other oil PSUs like ONGC and OIL.
Sebi first began looking into the matter last month.
Earlier this week, the ministry had come out with a clarification, saying domestic gas producers had to stick to the earlier price of $4.2 a unit until a further notification from the new government.
Indian basket at 6-month low of $49.11 a bbl
Crime Branch of Delhi Police has recently filed a chargesheet.
We have only rationalised the freight rates, says the minister.
To proceed with a Cabinet proposal to grant the relaxations to RIL, the Election Commission's approval will be sought.
Gas prices have fallen to $10 per million British thermal unit. But the fate of the power project, run by Ratnagiri Gas and Power Pvt Ltd, will hang in balance till the committee takes a decision on gas pooling, reduction in certain taxes and providing per unit subsidy.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
The Budget shouldn't be stuck on fiscal numbers, the PMO apparently said.
The run-up to next year's general elections might see some of the top executives of government-run companies getting unlucky. And, the period could become the best in the lives of those waiting in the wings.
An important document was found lying on a photo-copier machine.
Transparency in decision-making process is needed.
The government does not seem inclined, at least in the petroleum sector, to effect sudden and steep upward price revisions to tame its huge subsidy burden and rein in fiscal deficit.
In the run-up to the Union Budget, expected to be presented on July 10, this paints a grim picture for Finance Minister Arun Jaitley.
According to estimates, if the companies are not allowed to raise petrol rates at least Rs 5 a litre by the first fortnight of September, they might begin to suffer underrecoveries on this decontrolled auto fuel, too -- for the first time this financial year.
Gas price hike seems to be a distant dream for Reliance Industries and its partners--Niko Resources and BP.
India's cities must switch over to piped gas leaving LPG cylinders.
India is the world's fourth-largest importer of natural gas, accounting for six per cent of the global market.
The crackdown in the corporate espionage case led to the arrest of another person on Monday.
There has been a quantum jump in the number of complaints of corruption received by the Central Vigilance Commission last year as against those in 2011.
In a meeting with stakeholders last week, the authority mooted setting up a Special Purpose Vehicle along with airlines and state-owned oil marketing companies to develop common infrastructure to import ATF, among others, at Chennai and Kolkata airports. While AAI and OMCs will hold 76 per cent in the proposed SPV, the airlines will participate in the remaining 24 per cent equity.
The Oil Ministry is seeking Cabinet nod to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.
If an elected government had been sworn in, Jung's tenure and the government would have been more or less co-terminus and Jung would have been just the ceremonial head of Delhi. Now, he will run Delhi, pending another round of assembly elections, says Aditi Phadnis
This means lower losses on fuel sales by Indian oil companies and a shrinking oil subsidy bill for the government.
Similar traffic restrictions in other cities did not see a significant improvement in air quality only because car owners begin making more trips during their unrestricted periods. The other apprehension, as seen in other cities, is that residents have bought secondhand cars, using the other number plate so that they can continue to drive to their work place, thereby defeating the very purpose of this scheme.
Govt plans to stop RIL from selling crude to Jamnagar refinery.
ONGC's chairman and managing director Sudhir Vasudeva tells Business Standard that any price for natural gas that is more than $4.2 a unit is good for the company.
Executives would analyse information and pass it to seniors.
Execs of RIL, Essar, Cairn India, Jubilant Energy, ADAG detained.
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.
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.
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