India's import bill for crude oil is expected to rise sharply despite the fall in the international price of the fuel in recent months, because of depreciation in rupee. The global price of crude oil declined almost 10 percent since January 2013. However, the import bill of the country may rise because of depreciation rupee against the dollar, reports indicate
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Govt to set up coal regulatory authority fund
The central government would set up a fund called ‘The Coal Regulatory Authority Fund” to credit all grants, fee and charges received by the authority. After passing of the Coal Regulatory Authority Bill, 2013, details would be worked out and submitted to the government for appropriate financial sanction for the initial start-up funding, a government press release said. The government said this in a press release after the cabinet cleared the proposal for setting up of an independent regulatory
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