Government notifies new gas pricing guidelines

Government notifies new gas pricing guidelines

The government Friday notified the domestic natural gas pricing formula for all natural gas produced in the country. The Domestic Natural Gas Pricing Guidelines, 2014 notified by the Ministry of Petroleum and Natural Gas will apply to all natural gas produced domestically, irrespective of the source, whether conventional, shale or coal-bed methane (CBM). The ministry […]

Government planning higher diesel price

Government planning higher diesel price

The government is planning a higher dose of diesel prices to cut the fuel subsidy bill, Petroleum Secretary Vivek Rae said here Thursday. “We are circulating the Kirit Parikh report for inter-ministerial consultation. The suggestions for higher dose of diesel price would be part of it,” Rae told reporters on the sidelines of a business […]

Delhi HC pulls up government, MCD over e-rickshaws

Delhi HC pulls up government, MCD over e-rickshaws

The Delhi High Court Wednesday pulled up the state government and Municipal Corporation of Delhi (MCD) for shifting the blame on each other on the issue of e-rickshaws plying on city roads without licences or number plates. Justice Pradeep Nandrajog and Justice Jayant Nath came down heavily on the Delhi government and MCD. They said […]

Government makes available more funds to PSU banks

Government makes available more funds to PSU banks

The government Thursday announced conversion of its preferential shares in three public sector banks – Indian Bank, UCO Bank and Vijaya Bank — into equity shares, in order to make more funds available to these lenders. The union cabinet headed by Prime Minister Manmohan Singh approved the proposal of conversion of “Perpetual Non-Cumulative Preference Shares […]