Empowered Group Of Ministers

• 30 Days of Modi Sarkaar

  Swift decisions, immediate implementation, writes BJP's Nalin S Kohli.

• Telecom department estimates Rs 3,738-crore loss on lowering of spectrum usage charge: report

  The Department of Telecom (DoT) has estimated that lowering annual spectrum fee, as recommended by the Telecom Regulatory Authority of India (TRAI), will cause the national exchequer a minimum loss of Rs 3,738 crore on renewal of three licences.

• Ministerial panel on gas to meet on July 25: report

  With KG-D6 production dropping by nearly 80 per cent during past two-and-half-years, there is no gas left for the 25 power plants that had signed up for 29.74 million standard cubic meters per day of gas with RIL.

• MMTC stake sale likely on June 13

  The panel of ministers on disinvestment is likely to meet on Wednesday to decide on the base price for MMTC stake sale, the issue of which is expected to hit the market on June 13.

• RIL stops supplies to power plants; minister wants EGoM meet

  Reliance Industries Ltd (RIL) has stopped gas supplies to power plants after output of its KG-D6 block hit an all-time low, prompting Power Minister Jyotiraditya Scindia to press for convening an urgent meeting of a ministerial panel to rework allocations.

• Ministerial panel's meet on SAIL disinvestment postponed amid political developments

  The meeting of Empowered Group of Ministers (EGoM) on disinvestment, headed by Finance Minister P Chidambaram, has been postponed till Wednesday as some ministers, who are part of the EGoM, were not available, sources said.

• New bidding norm for power projects ready: Scindia

  Power Minister Jyotiraditya Scindia today said the new bidding norm for the upcoming power projects are ready and awaiting clearance.

• Ministerial panel to decide on NTPC stake sale today

  Empowered Group of Ministers (EGoM) chaired by Finance Minister P Chidambaram is expected to meet today to decide on time and price of 9.5 per cent stake sale in power major NTPC which could fetch Rs 12,000 crore to the exchequer.

• Govt panel cuts interest rate on crop loans to 7% for drought relief

  To offer some relief to farmers in drought-affected states, a ministerial panel has decided to increase the number of guaranteed work days under MGNREGA to 150 days and cut interest rates on crop loans to 7 per cent for one year, according to sources.

• Ministers to meet next week to review monsoon situation

  India will convene a meeting of its specialist panel of ministers on drought next week to take stock of the progress of summer-sown crops and review the monsoon situation, Agriculture Minister Sharad Pawar said on Wednesday.

• Government may approach Supreme Court for extending spectrum auction deadline

  Telecom regulator TRAI, which made a presentation before the EGoM, said impact of its proposed sale price will be higher in metros.

• Reconstituted ministers group on telecom meets to decide auction of airwaves

  The reconstituted Empowered Group of Ministers (EGoM) on spectrum pricing will meet for the first time today to decide to matters related to auction of airwaves for telecom services due before August 31.

• Top cues: Asian shares fall, India rubbishes S&P warning

  Asian markets reversed the previous day's hefty gains on Tuesday while India rubbished S&P warning on rating downgrade.

• Reliance Power soars over 6% after EGoM decision on Sasan coal use

  Shares of Reliance Power gained over 6 per cent Monday after an inter-ministerial panel decided not to review the earlier decision allowing the company to use excess coal from the Sasan UMPP mines

• CBI writes again to Aviation Ministry for sanction in Airbus deal

  The CBI has yet again written to the Civil Aviation Ministry seeking sanction to prosecute six of its officials for alleged irregularities