Vivek Rae

Salary hike soon? 7th Pay Commission to submit report on 19 Nov

The Commission was set up by the UPA government in February 2014 to revise remuneration of about 48 lakh Central government employees and 55 lakh pensioners.

How India nearly had to go to IMF with a begging bowl last Aug

The rupee hit a lifetime low of 68.84 against the dollar in August 2013. The current account deficit was worsening. The country had dollars enough to cover just six months of imports. Foreign investors were pulling out of debt investments. The outflow was huge.

Oil Secy says no proposal to raise subsidised LPG cylinder quota before govt

With a view to cutting its subsidy bill, the government had capped the supply of subsidised domestic LPG cylinders to six per household in a year in September 2012. The quota was raised to nine bottles per household a year in January 2013.

India to auction 56 oil and gas blocks on revamped terms

A total of 254 blocks have been awarded in the nine rounds of NELP since 1999.

After PM's visit to US, oil secy says India to cut Iran oil imports by 15%

India aims to cut Iranian crude imports by 15 percent this fiscal year, the oil secretary said on Tuesday, differing from the oil minister who recently said he wanted to hold the shipments at last year's levels.

Moily clears file to take away five gas discoveries from RIL

RIL as per the contractual requirement of retaining only the area where discoveries have been made, had offered to give up or relinquish 5,367 square kilometres.

RIL in trouble ahead of Q1 results: CAG wants Oil min to intervene in audit

The Comptroller and Auditor General (CAG) has complained to the petroleum ministry, charging Mukesh Ambani owned Reliance Industries Limited (RIL) of stalling the audit exercise.

Centre mandates 7th Pay Commission to revise salaries

Prime Minister Manamohan Singh had approved setting up of the 7th Pay Commission in September 2013.

Moily seeks extension for ONGC chief sans CVC clearance

Opposition BJP and the Left parties slammed the government for seeking an extension for Sudhir Vasudeva without CVC clearance.

Petroleum ministry seeks Rs 26,000 cr as fuel subsidy for Q3

ONGC's liability is near the record Rs 13,796.04 crore it shelled out in Q2.