Foreign arbitrator proposes that members of tribunal be paid $13,500 each per hearing & another $1,350 per hour for ‘interlocutory matters’
The govt also plans to cut cooking gas subsidies with steps such as checking its diversion and reducing the number of subsidised cylinders.
Govt may reduce number of subsidised cylinders supplied annually to households to realistic level to achieve fiscal discipline
The Ministry was allocated Rs 2,03,672 crore in 2013-14 and was provided Rs 2,24,000 crore in the interim budget presented by the UPA government.
Oil ministry is concerned about the actions of Michael Hudson McHugh, who was named as the presiding arbitrator by the Supreme Court on April 30.
Pradhan also ruled out deregulation of diesel prices and said prices of cooking gas and kerosene would not go up, steps recommended by most economists.
Well-off people can contribute to fiscal prudence by opting out of subsidy on a website, which will in effect embarrass rich who want to hang on to sops.
Oil ministry officials said the "competent authority" ordered disconnection of the internet for all officials from under-secretary and below.
The Narendra Modi government is reviewing the UPA's decision to have a uniform gas price as the cost of production of new fields is much higher.
The government is taking a fresh look at the prevailing seven-year-old gas pricing formula to fix new rates for gas .
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