Natural gas

Liberalizing FDI Policy

Government has put in place an investor-friendly policy on FDI, under which FDI, up to 100%, is permitted, under the automatic route, in most sectors/activities. Significant changes have been made in the FDI policy regime in the recent times, to ensure that India remains an attractive investment destination. In a recent review of the policy,… Read More

Tags: CourierFDIforeign direct investmentGovernmentIndiaNatural gasStock exchangeTea

Index of Eight Core Industries

The summary of the Index of Eight Core Industries (base: 2004-05) is given at Annexure. The eight core industries have a combined weight of 37.90% in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 151.2 in June, 2013, which was 0.1% higher compared to the index of June, 2012. Coal Coal production (weight: 4.38%)… Read More

Tags: AprilEconomic growthIndex Industrial ProductionJune 2013June 2013 over June  2012Natural gasPetroleumSteel

CCEA approves fixation of price for domestic natural gas

Fixation of price of domestic natural gas according to Rangarajan Committee recommendations on Production Sharing Contract (PSC) mechanism in petroleum industry The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for fixation of price of domestic natural gas according to the recommendations of the committee constituted under the Chairmanship of Dr. C. Rangarajan… Read More

Tags: C. RangarajanCabinet Committee on Economic AffairsCCEAHenry HubIndiaNatural gasNatural gas pricesNew Exploration Licensing Policy

Index of Eight Core Industries as of April, 2013

The summary of the Index of Eight Core Industries (base: 2004-05) is given at the Annexure. The eight core industries have a combined weight of 37.90% in the Index of Industrial Production (IIP).  The combined Index was 152.2 in April, 2013 with a growth rate of 2.3% compared to5.7% growth in April, 2012.  The decline in the growth rate in April, 2013 was mainly on account… Read More

Tags: April 2012April 2013Economic growthIndex of Industrial ProductionNatural gasPeak oilPetroleumSteel

Transfer of goods imported for oil exploration from one eligible project to another

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 28 /2013-Customs New Delhi, the 16th May, 2013 G.S. R. (E).”In exercise of the powers conferred by sub-section (1) of section 25 of theCustoms Act,1962 (52 of 1962), the Central Government,… Read More

Tags: Gazette of IndiaGovernment of IndiaHM Customs and ExciseIndiaministry of financeNatural gasNew DelhiSection 3

CLR Snippets :: Rangarajan Committee Recommandations on Pricing of Natural Gas

The Minister of State for Petroleum & Natural Gas Smt. Panabaaka Lakshmi informed the Rajya Sabha in a written reply today that the recommandations of the Committee constituted under Chairmanship of Dr.C. Rangarajan, Chairman, Prime Minister™s Economic Advisory Council (EAC) are under consideration of the Government. The committee was set up to review among other… Read More

Tags: British thermal unitC. RangarajanEconomic Advisory CouncilGovernmentMinister of StateNatural gasPSCRajya Sabha

GoI statement on FDI in Oil And Natural Gas Projects

As per extant Foreign Direct Investment (FDI) policy, FDI, up to 100%, is permitted, under the automatic route, for exploration activities of oil and natural gas fields, infrastructure related to marketing of petroleum products and natural gas, marketing of natural gas and petroleum products, petroleum product pipelines, natural gas/pipelines, LNG regasification infrastructure, market study and… Read More

Tags: BusinessFDIforeign direct investmentGovernmentLiquefied natural gasNatural gasPetroleumPetroleum product

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