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Pending bills that matter

Pending bills that matter

Industry analysts share their views on the bills that are pending in the Parliament and how they will impact once they take the shape of a law. The Coal Regulatory Authority of India Bill (CRAI) is a much needed piece of legislation.

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Waiting in the wings

Waiting in the wings

There is a perennial need for regulatory and institutional changes to keep in step with the social and infrastructural development. It often seems that the law is playing catch up with situations that evolve and many a times it is possible to trace in new or amended legislation the exact gap or mischief it is trying to plug.

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Further US sanctions may fail to cut Iran oil sales

Further US sanctions may fail to cut Iran oil sales

Media reports say that the US Congress is set to pass a bill to further squeeze Iran's oil exports - and its nuclear programme - but new sanctions may fail to cut Iran's crude sales. However, Tehran says its nuclear programme is for generating electricity and medical devices.

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Price of crude oil rises due to rupee weakness

Price of crude oil rises due to rupee weakness

The steep decline in the value of Indian currency raised the price (in rupee terms) of crude oil imported by India. Further, global factors like higher demand, low OPEC spare capacity and improved economic outlook for 2013 raised the price of crude oil in dollar terms. For example, the Brent crude oil futures rose to a two-year high of $110.51 a barrel recently. Brent for sweet grad

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Iraq denies crude oil at special price to India

Iraq denies crude oil at special price to India

Iraqi Deputy Prime Minister for Energy Hussain Ibrahim Saleh al-Shahristani said the country could not sell crude oil at a concessional price to India as its laws do not allow such a move. Iraq is the second-largest supplier of oil to India, which imports about 20 million tonne of crude oil from the gulf nation annually

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Govt wants to reduce oil import bill

Govt wants to reduce oil import bill

Prime Minister Manmohan Singh has reportedly directed Petroleum Minister M Veerappa Moily to take steps for reducing crude oil import bill by $25 billion. Prime Minister wants to reduce import bill of crude oil given that the price of the fuel rose to around $105.61 a barrel after declining in

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Minister hopes 6% GDP growth in FY14

Minister hopes 6% GDP growth in FY14

Finance Minister P Chidambaram expressed hope that the Indian economy may expand at 6 per cent or slightly more during 2013-14. This is higher than the 5 percent growth registered in 2012-13. Speaking to reporters, the minister also expressed hope that the Parliament would pass the real estate regulator and land acquisition bills in its monsoon session

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Experts want govt to create competition by amending act

Experts want govt to create competition by amending act

Experts feel that unless the Coal Nationalisation Act is amended to allow mining by private companies, the government cannot create competition in the coal sector. The union cabinet recently approved the coal regulatory authority bill which envisages that the regulator would create regulations that bring in a level-playing field and more competition in the sector

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