The Ministry of Petroleum and Natural Gas has decided to go for a uniform gas price for all the gas producers in India once the new pricing under Rangarajan formulae comes into effect post elections.
Tag: C Rangarajan
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Panel to check traffic
To ascertain the accuracy of road developers´ claims of financial stress due to lower toll revenues, a Union government panel has called for a traffic survey on 47 highways. The panel has been appointed by the Union Cabinet to examine bailout demands of highway developers. The panel is headed by C Rangarajan, Chairman of the Prime Minister´s Economic Advisory Council.
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Govt is adding 17 km daily, says Fernandes
Union Minister for Road Transport and Highways Oscar Fernandes has said that the Ministry has been adding 17 kilometres of road a day and is to set up a road regulator before the end of the next parliament session. The road regulator is to address various concerns in the road industry.
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Panel on highway projects to have five members
The government proposed committee, headed by C Rangarajan, to resolve inter-ministerial differences over the proposal to reschedule premium payments for a clutch of highway projects will have five members, say sources.
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RBI to keep monetary policy tight till Rupee stabilises
Prime MinisterÂ’s key economic advisor C Rangarajan has on September 12 said that the Reserve Bank of India (RBI) must continue its tight monetary policy until stability in the rupee value is achieved. Thereafter, if the current trend in the moderation of wholesale price inflation continues, which is in fact expected, the monetary authorities can switch to a policy of easing, Rangarajan said while releasing the Economic Outlook for 2013-14 in Delhi.
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Excluding CBM blocks from CAG audit
An expert panel noted that the Coal Bed Methane (CBM) blocks of Reliance Industries (RIL) do not have elements of cost recovery and so CAG audit “may not be required.
This was said by the committee headed by Chairman of Prime MinisterÂ’s Economic Advisory Council, C Rangarajan, in its latest report on petroleum pricing and contracts. It may be noted that the CBM blocks were bid out based on the share of production a company offered from first day of production. The firm bidding the highest, got
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Excluding CBM blocks from CAG audit
An expert panel noted that the Coal Bed Methane (CBM) blocks of Reliance Industries (RIL) do not have elements of cost recovery and so CAG audit “may not be required.
This was said by the committee headed by Chairman of Prime MinisterÂ’s Economic Advisory Council, C Rangarajan, in its latest report on petroleum pricing and contracts. It may be noted that the CBM blocks were bid out based on the share of production a company offered from first day of production. The firm bidding the highest, got
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Rangarajan panel suggests doubling of gas price
C Rangarajan headed panel, was tasked to suggest design of future contracts for exploration and production of oil and gas. Rangarajan is the Prime MinisterÂ’s Economic Advisory Council Chairman. The committee is believed to have suggested a complex pricing formula that will lead to near-doubling of the natural gas price to about $8 (Rs 439).