Communist Party of India (CPI) has demanded the Union government to revisit the Rangarajan price formula of natural gas produced by Reliance Industries (RIL) in KG-D6 block as the production cost for RIL is just Rs $2.74 a million Britiesh Thermal unit (mBtu). CPI added that the Rangarajan pricing formula of $8.4 an mBtu would give RIL a windfall gain. The Rangarajan formula is applicable from April 2014.
Tag: Communist Party of India
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Kerala govt asked to withdraw support to airport project
The Kerala government should withdraw from the controversial airport project at Aranmula if it was serious and sincere about its recent budget proposals, Communist Party of India district unit secretary P Prasad has said. In a statement issued in Pathanamthitta on March 17, Prasad alleged that the budget proposals had got a lot of contradictions with various projects launched by the United Democratic Front (UDF) government and it amply exposed the governmentÂ’s double standards.