Wednesday April 9, 2014
After agreeing to temporarily sell gas to urea plants on old terms, Reliance Industries (RIL) has told its customers the new formula, which almost doubles the price of the fuel, will apply from April 1.
Monday March 31, 2014
Reliance Industries has agreed to temporarily supply gas to India's fertiliser plants at current prices, although the two sides have failed to sign new deals, the top official in the Fertiliser Ministry said.
India | A Vaidyanathan | Tuesday March 4, 2014
The Supreme Court will today hear two petitions challenging the hike in gas prices. CPI leader Gurudas Dasgupta and an NGO have petitioned against the gas pricing formula approved by a cabinet panel in June last year that has allowed gas prices to be...
India | Sreenivasan Jain (with inputs from Niha Masih) | Sunday February 23, 2014
Since Reliance struck gas in the KG-D6 block in the Krishna Godavari basin in 2002 - seen as a validation of allowing private players into gas and oil - controversy has never been far.
India | Edited by Mala Das | Monday February 17, 2014
Hours after Arvind Kejriwal targeted Narendra Modi, accusing him of links with Reliance Chairman Mukesh Ambani, the BJP opposed a gas price hike that the Aam Aadmi Party alleges is a favour to the billionaire.
Tuesday January 28, 2014
The Reserve Bank of India's hiking the key lending rate by 0.25 per cent on Tuesday is a reflection of its "strong commitment" to check inflation, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said.
Friday January 24, 2014
The Oil Ministry hopes to receive approval from the Cabinet Committee on Economic Affairs (CCEA) for its proposal to auction 86 oil and gas blocks by February 15.
Friday January 10, 2014
Concerned over declining economic growth rate, Prime Minister's key economic adviser has called for faster implementation of large projects to spur investments.
Friday July 5, 2013
The Cabinet Committee on Economic Affairs (CCEA) had on June 27 approved pricing of all domestic gas through Rangarajan formula from April 1, 2014. The price of gas as per the formula is likely to be about $8.4 per million British thermal unit (mmBtu...
Friday May 24, 2013
Moily thrashed CPI MP Gurudas Dasgupta's allegations of favouring RIL as "totally false and baseless" and said the proposed increase in natural gas price was being done "strictly in line with the formula proposed by Prime Minister appointed panel hea...
Thursday May 23, 2013
The Union Cabinet will consider the impact of proposed hike in natural gas prices on power tariff and fertiliser subsidy before taking a decision on increasing the rates, Finance Minister P Chidambaram said on Thursday.
Monday April 15, 2013
Mr Dudley, on a stop-over visit on way to Shanghai, along with Ambani drove to Planning Commission deputy chairman Montek Singh Ahluwalia's residence for a breakfast meeting this morning and had sought a meeting with Law Minister Ashwani Kumar.
Sunil Prabhu | Thursday April 4, 2013
In October last year, a panel headed by Dr C Rangarajan, the Chairman of the Prime Minister's Economic Advisory Council, had recommended the removal of two control measures - the regulated release mechanism and the levy sugar obligation -- immediatel...
Thursday March 28, 2013
UK's BP plc has said that Rangarajan Committee recommendation of doubling domestic natural gas price to $8-8.5 per mmBtu will be inadequate for bringing high risk deepsea discoveries to production.
Raj Kumar Sahu | Thursday March 7, 2013
Petroleum Minister M. Veerappa Moily has raised serious concerns over the Finance Ministrys proposal of calculating petroleum subsidy numbers based on the export parity price (EPP) formula. EPP essentially means that petroleum products are priced at ...
Wednesday February 27, 2013
Fearing oil companies will be hit hard by the Finance Ministry's move to cut subsidises by changing pricing of petrol and diesel, Oil Minister M Veerappa Moily has asked Finance Minister P Chidambaram to refer the issue to an expert committee.
Friday February 15, 2013
The Centre is likely to take a decision on giving freedom to the Rs 80,000 crore sugar industry to sell the sweetener in the open market in the next 15 days, Food Minister K V Thomas said on Friday.
Monday February 4, 2013
Oil Ministry will take a proposal for nearly doubling the price of domestically produced natural gas to $8-8.5 per mmBtu to the Cabinet after getting comments on its draft note.
Raj Kumar Sahu | Saturday February 2, 2013
On a day when Petroleum Minister M Veerappa Moily talked about self- reliance in energy by cutting oil and gas imports to almost zero, British oil giant BP said India can achieve this only by allowing more competition and market-linked pricing of ene...
Friday January 25, 2013
While the idea has clear support from the chairman of Economic Advisory Committee to the Prime Minister, Dr C. Rangarajan, and other economists, India Inc. has rallied against any such move.