The industry estimates that falling crude oil prices, lower fuel subsidies along with recent diesel tax hikes could together add almost Rs 1.1 trillion to the Union Budget. And with the government planning to spend about $8 billion of that on infrastructure and manufacturing activities, the infrastructure sector is looking at a brighter year ahead.
Tag: Rangarajan Committee
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Exploring New Directions
With a view to analysing the Kelkar Committee Report on domestic fuel production, we critically consider certain recommendations in Part I of the CommitteeĆĀ“s Report.
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Panel report on road developers within one month
The Rangarajan committee set up to look into the aspects of bailout of highway developers will submit its report within a month, officials concerned in the government said in Delhi. The three-member committee is headed by Rangarajan, who is the Prime Minister's Economic Advisory Council.
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CCEA clears proposal to hike gas price to $8.4 per unit
On the basis of the suggestions made by the Rangarajan committee, the Cabinet Committee on Economic Affairs (CCEA) decided to raise the price of domestic natural gas, from $4.2 to $8.4 a million British thermal unit (mBtu), from April 2014. Once the new price is adopted, it would be revised on a quarterly basis for a period of five years, reports indicate
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Proposal to revise gas price on quarterly basis
Union oil ministry is in favour of revising the price of natural gas on a quarterly basis as against the monthly revision suggested by the Rangarajan Committee. The ministry feels that the government may have to rely on limited sources for computation of the price if it is notified every month. This is because the ministry has to accommodate and reconcile price data from multi
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Ministry circulates note seeking hike in gas price
Union Petroleum ministry has circulated a note to the Cabinet Committee on Economic Affairs (CCEA) seeking hike in the price of natural gas produced by both private and state-run companies. The ministry's proposal, if accepted by the CCEA, may benefit firms like ONGC, OIL, Reliance Industries (RIL), Cairn India who are selling the fuel at a pre-determined price
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Oil ministry to send proposal on gas pricing to cabinet
Union petroleum Minister Veerappa Moily informed that he would send the final proposal on the pricing of natural gas to the cabinet committee on economic affairs (CCEA) soon. Industry players are keenly awaiting the government's decision on natural gas pricing as it would have a bearing on their financials. Natural gas producers like Reliance Industries (RIL) are seeking hike in the price of do
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Pricing formula of Kelkar panel, Rangarajan panel may be similar
Media reports indicate that the Vijay Kelkar committee, appointed to suggest pricing of natural gas, may offer a band of prices besides the formula arrived the committee under C Rangarajan, the Chairman of the Prime Minister's Economic Advisory Council. Reports also suggest that the price band may not differ substantially from the basic formula arrived at by the
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Pricing formula of Kelkar panel, Rangarajan panel may be similar
Media reports indicate that the Vijay Kelkar committee, appointed to suggest pricing of natural gas, may offer a band of prices besides the formula arrived the committee under C Rangarajan, the Chairman of the Prime Minister's Economic Advisory Council. Reports also suggest that the price band may not differ substantially from the basic formula arrived at by the
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Ministers study draft note on gas pricing
Union Oil Minister M Veerappa Moily informed that the draft note on raising the price of natural gas is under circulation before all the ministries. He also said that his ministry would send the proposal to the cabinet after the consultation of various ministries. The draft note proposes to raise the price of gas produced by state-owned ONGC and OIL from 2013 itself and that for Reliance Industries in 2014
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