Nobody wants to take decisions. Even in the ministry, people have reported sick on days when crucial file had to be signed.
RIL's average gas production from KG-D6 is 48.60 million standard cubic meters per day instead of 70.39 mmscmd: RPN Singh
The DGH had asked RIL to expeditiously drill more development wells in its D1 and D3 gas fields in the KG-D6 block to enhance gas production.
The Chawla Committee was constituted this year to consider measures for tackling corruption in allocation of natural resources after the 2G spectrum scam broke out.
Last December, energy majors of two countries had announced a mega-merger of three companies - Bashneft, RussNeft and Imperial Energy.
State-run Engineers India (EIL) has reported a 29% jump in its net profit to Rs 148 crore in the first quarter of current financial year.
State-run GAILIndia has reported 11% increase in its net profit at Rs 985 crore in the first quarter of current financial year.
MRPL has reported a six-fold jump in its net profit in the first quarter of current fiscal year due to increased refining output, chairman AK Hazarika said.
The deal requires the oil min's approval as per the PSC under Nelp, and such deals have been cleared by the govt in the past.
Deora, the consummate politician that he is, has tendered his resignation to the Congress president and not the Prime Minister. He tells ET's Rajeev Jayaswal in an interview the reasons for his decision. Excerpts:
Cairn agreed to remove non-compete fee of Rs 50 per share to sweeten deal for Vedanta, as royalty payment would make transaction less attractive.
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