In a recent letter to the Prime Minister, the Tamil Nadu Chief Minister J Jayalalithaa asked the centre to withdraw the decision on dual pricing of diesel, which she terms as "ill-conceived, ill-timed". Jayalalithaa warned in the letter that if the centre does not hear the stateĆās request, the state government has no other option, but to approach the Supreme Court for
Tag: government
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ASSOCHAM warns against cut in export duty on ore
ASSOCHAM warned the government against reducing the export duty on iron ore as the industry body feels that such an action would encourage export and deprive the domestic steel firms of the crucial raw material. The warning from the industry body comes amidst demand from a section of the mining industry to review its e
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Urbanisation policy on the anvil in West Bengal
Real estate industry in West Bengal is keenly awaiting the release of the proposed urbanisation policy in the state. The industry hopes that the upcoming urbanization policy would solve the problems surrounding land issues in West Bengal
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Delhi govt seeks more central govt funds
Delhi Chief Minister Sheila Dikshit requested the central government to increase the size of grant to the state considering its huge expenditure on development of infrastructure and implementation of schemes through the direct cash transfer scheme. She said 65 per cent of the state government's budget is allocated to social sector schemes
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Congress considers raising fuel prices
The ruling Congress Party at the centre is considering to raise the price of diesel and kerosene in order to reduce the government's fuel subsidy burden and thereby reduce its fiscal deficit. It may be noted that the Congress Core Committee, which has representatives of the party and the government, discussed the issue recently. Although no decision has yet been taken, the party is said to be evolving consensus on raising prices for the
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Odisha govt received less guarantee from port developers
According to a report by the Comptroller & Auditor General (CAG), the Odisha government received less performance guarantee from minor port developers than that prescribed by the model concession agreement. For example, the developer of Astaranga port agreed to pay only 1 per cent performance guarantee as agai
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Odisha govt takes steps to develop minor ports
Odisha government is taking various steps to develop minor ports in the state. It may be noted that the state government received clearance from the centre for such projects. Consequently, the state government wants to engage Rail India Technical and Economic Services (Rites), which is the engineering and consultancy arm of India
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Govt to decide on green nod before auctioning 54 blocks
Government would soon decide on whether to secure environment and forest clearances for the 54 coal blocks before auctioning them to power, steel and other firms. According to reports, government finds it preferable to secure green nod before auctioning these blocks in order to avoid delay in developing them.
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TN govt notifies Infrastructure Development Act
The Tamil Nadu government framed rules and notified the Tamil Nadu Infrastructure Development Act 2012. The state government has created an institutional framework through this law and it encompasses over 25 social and physical infrastructure sectors.
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Experts on O&G sector
Experts feel that the regulatory regime in the oil and gas sector must evolve to resolve new challenges and promote growth. One of the key issues in the sector is pricing. Oil and gas pricing has been controlled by the government - almost entirely until April 2002 under the Administered Price Mechanism (APM), and through indirect control since.