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: Courier, FDI, foreign direct investment, Government, India, Natural gas, Stock exchange, Tea
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: April, Economic growth, Index Industrial Production, June 2013, June 2013 over June  2012, Natural gas, Petroleum, Steel
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. Rangarajan, Cabinet Committee on Economic Affairs, CCEA, Henry Hub, India, Natural gas, Natural gas prices, New 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 2012, April 2013, Economic growth, Index of Industrial Production, Natural gas, Peak oil, Petroleum, Steel
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 India, Government of India, HM Customs and Excise, India, ministry of finance, Natural gas, New Delhi, Section 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 unit, C. Rangarajan, Economic Advisory Council, Government, Minister of State, Natural gas, PSC, Rajya 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: Business, FDI, foreign direct investment, Government, Liquefied natural gas, Natural gas, Petroleum, Petroleum product