Coal ministry officials said regular visits of CBI officials had affected routine work of their junior staff, which is assisting the agency in the process of obtaining various records.
Karnataka has exempted Mangalore Refinery & Petrochemicals Ltd from paying certain local levies for its refinery expansion and upgradation projects.
The total quantum of Rs 750cr has been mobilized at a cutoff rate of 9.14%, which is the lowest rate achieved in recent times.
India is hoping to secure oil and gas exploration blocks in Afghanistan on the basis of its goodwill with the country.
State oil marketing firms have reduced petrol prices by Rs 2 a litre from Sunday due to softening of international oil rates.
Officials in the govt and oil cos say petrol prices will be reduced by more than Rs 2 a litre in next couple of days but its timing will be decided politically.
Officials said the political leadership would decide the timing of the price cut. "It will be sooner than later," another official with direct knowledge of the matter said.
State oil companies have deferred their decision to cut petrol rates from Thursday mid-night despite softening of international prices of the fuel.
Govt has constituted a committee under C Rangarajan to suggest changes in existing oil & gas exploration contracts with energy firms to minimize monitoring of expenditure.
Gail India has reported 3% growth in its net profit at Rs 3,654 crore in 2011-12 because of higher fuel subsidy burden, chairman & MD BC Tripathi said.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon