Rangarajan Committee

Why inflation numbers do not make sense for India's poor

Inflation rate has to be assessed vis a vis the government assessment of poverty based on calorie intake of food

Tax holiday proposed for oil block auction to woo global cos

The ministry recommended shifting to a revenue-sharing model from the current production sharing contract (PSC) framework, which allows explorers to recover their costs from commercial discoveries before sharing profit with the government.

Parliamentary panel seeks review of Rangarajan gas price formula

The Rangarjan pricing formula will be effective 1 April 2014, for a period of five years, with the price being revised quarterly.

Why investors are bullish on RIL despite subdued Q3 showing

The reason for this is the likely increase in the gas prices from 1 April. The government has notified the guidelines for domestic natural gas pricing. This creates an enabling environment for investments in the hydrocarbon sector.

RIL welcomes gas price notification as step in right direction

RIL will get the benefit of the new price for gas from its existing fields like MA in the KG-DWN-98/3 or KG-D6 block and new/upcoming ones like R-Series and satellite in the KG Basin block and the ones in North East Coast block NEC-25.

Power plants stare at Rs 46,360 cr annual burden over gas price norms

The price as per the formula in the current quarter comes to $6.775 per million British thermal unit as against the current rate of $4.2 per mmBtu.

Petroleum industry seeks roadmap for free gas pricing

The CCEA last week decided to price domestic gas at an average of cost of imported LNG and international benchmark prices.

Why gas prices should not be decided by Reliance, Rangarajan or Moily

Should gas prices be decided by babus, prodded by crony businessmen? It is time to let the markets decide.

Allow gas producers to charge market rates: 12th Plan

The recommendation of the Rangarajan Committee may be an important input in finalising this policy, it said.

Rangarajan panel proposes sweeping changes in oil and gas contracts

The Prime Minister-appointed Rangarajan Committee may this week suggest sweeping changes in future oil and gas contracts by asking explorers to bid for a percentage of output they would share with the government.