-The Indian Express After 14 years, the Central government has held the minimum support price (MSP) for wheat constant at last year’s Rs 1,285 per quintal. There is, of course, still no guarantee that the price will not be changed if major producer states like Punjab and Haryana raise objections. But for now, the UPA government’s newly discovered zeal to push through another reform is heartening. It may also be useful...
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Reliance Industries shares hit by Kejriwal's allegations
-Reuters Shares in Reliance Industries Ltd recover after falling as much as 2.1 percent on Thursday, a day after anti-corruption activist Arvind Kejriwal accused the energy conglomerate of hoarding natural gas and exerting pressure on the government to favour it. The company denies the allegations. Kejriwal, whose group India Against Corruption (IAC) has won publicity in India by accusing ruling Congress party chief Sonia Gandhi's son in law Robert Vadra of taking part...
More »After change of guard, CAG-RIL meet on audit issue postponed -Sujay Mehdudia
-The Hindu The postponement conveyed by Petroleum Ministry to CAG on October 29 Only days after the change of guard in the Petroleum and Natural Gas Ministry, the “Entry Conference” by the Comptroller and Auditor General (CAG) with the Petroleum Ministry officials and representatives of Mukesh Ambani-owned Reliance Industries Limited (RIL) to discuss details of the financial audit of KG D6 accounts has been postponed indefinitely. Sources in the Ministry said that after...
More »RIL wants offshore gas fields audit to be kept secret, CAG says no -Subhomoy Bhattacharjee
-The Indian Express Sharp differences have emerged between the Comptroller and Auditor General (CAG) and Reliance Industries Ltd (RIL) over the scope of an audit into the production sharing contract between the company and the government for RIL’s off-shore gas fields. RIL had set two conditions: the audit should maintain the confidentiality arrangement between it and the government; and the scope of the audit should be restricted to accounting procedures of the...
More »Relief for consumers? Government may review cap on subsidised LPG cylinder-Rajeev Jayaswal
-The Economic Times There is a ray of hope for consumers facing difficulties in getting timely delivery of cooking gas cylinders as the Oil ministry may increase the supply of subsidised LPG cylinders and iron out glitches in the supply system to calm tempers ahead of crucial assembly elections. The new Oil minister, M Veerappa MOily, discussed the matter with top executives of state Oil firms and senior bureaucrats on Tuesday, government...
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