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  Oil Ministry to overhaul exploration policy: Dharmendra Pradhan

  October 26, 2014 11:58 IST

  New Delhi: After unveiling major reforms since BJP's storming to power, Oil Minister Dharmendra Pradhan plans to overhaul the exploration policy to attract investors, spur energy output and revive the economy.In parallel, the Ministry is

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  Govt defers decision on revision of natural gas prices

  India | September 24, 2014 21:26 IST

  New Delhi: Days ahead of its own deadline for the revision of natural gas prices, government today postponed a decision on it by another 45 days to November 15.The NDA government, after coming to power,

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  OilMin wants Reliance Industries to sell gas at $4.2 ; $6-6.5 price for others

  August 03, 2014 20:16 IST

  New Delhi: The oil ministry is looking at a price of USD 6-6.5 for all domestic natural gas but wants Reliance Industries to sell KG-D6 gas at old rate of USD 4.2 till it makes

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  Reliance Industries' Rs. 509-Crore Bank Guarantee Returned by Oil Ministry: Report

  May 04, 2014 16:30 IST

  New Delhi: The Oil Ministry has returned a bank guarantee of Rs. 509.55 crore submitted by Reliance Industries Ltd (RIL) to get a higher price for natural gas it produces from the eastern offshore KG-D6

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  Oil ministry seeks relaxation in rules to allow RIL to retain gas finds

  April 15, 2014 19:34 IST

  New Delhi: The oil ministry is moving the Cabinet to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines. Upstream regulator directorate

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  PMO forwards Kejriwal's letter on gas price to Oil Ministry

  India | February 13, 2014 21:26 IST

  New Delhi: The Prime Minister's Office today forwarded to Oil and Petroleum Ministry a letter written by Delhi Chief Minister Arvind Kejriwal in which he has demanded that the decision to hike gas price extracted

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  Reliance Industries protests against move to snatch away five gas discoveries: report

  December 16, 2013 6:54 IST

  New Delhi: Reliance Industries has lodged a strong protest against a government move to snatch away an area containing five gas discoveries, saying the decision was a breach of contract.The Oil Ministry had on October

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  Finance Ministry in-principle backs OilMin plan on RIL gas price

  December 11, 2013 23:15 IST

  New Delhi: Finance Ministry has in-principle agreed to a proposal to allow Reliance Industries to raise gas prices from April provided it gives a bank guarantee to cover for liability in case gas hoarding charges

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  Finance Ministry seeks 30% dividend from oil PSUs

  November 04, 2013 23:56 IST

  New Delhi: The Finance Ministry has asked all profit-making oil PSUs to pay a minimum 30 per cent dividend in the current financial year. Presently, all profit-making central public sector undertakings ( CPSU) are required

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  Double penalty on RIL to impact investment climate: Plan Panel

  October 27, 2013 16:17 IST

  New Delhi: The Planning Commission has warned that imposing a second penalty on Reliance Industries for producing less-than-projected natural gas from its KG-D6 fields could impact investment climate in the same manner as retrospective tax

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  LPG price may go up by Rs 3.50 per cylinder

  October 08, 2013 19:22 IST

  New Delhi: Domestic cooking gas (LPG) rates may soon go up by almost Rs 3.50 per cylinder in case the government accepts a recommendation for increasing the commission paid to dealers by over 9 per

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  GAIL gets Maharatna status

  February 02, 2013 12:38 IST

  New Delhi, Feb  2: State gas utility GAIL was conferred the Maharatna status by the government Friday.An oil ministry statement here said Gas Authority of India Ltd. (GAIL) was the third company under the ministry

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  Govt considering raising cap on subsidised LPG cylinders

  India | November 30, 2012 16:15 IST

  New Delhi, Nov 30: Government is considering raising cap on supply of subsidised LPG cylinders and a decision will be taken in the “next few days”, Petroleum and Natural Gas Minister M. Veerappa Moily said

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  Oil Ministry withdraws note opposing KG-D6 gas price hike by RIL

  November 20, 2012 17:24 IST

  New Delhi, Nov 20: The Oil Ministry has withdrawn a note it had circulated to the members of a ministerial panel opposing hike in price of gas produced by Reliance Industries, as the Rangarajan Committee

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  Oil Ministry Demands Extra Duty Levy Of Rs 80,000 On Diesel Vehicles

  January 27, 2012 21:38 IST

  New Delhi, Jan 27: Oil Minister S Jaipal Reddy today asked Finance Minister Pranab Mukherjee to impose additional excise duty of Rs 80,000 on diesel vehicles and grant 10-year tax holiday for oil and gas

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  CAG Flays Oil Min For Allowing Reliance To Retain Entire D6 Area

  September 08, 2011 14:12 IST

  New Delhi, Sep 8 : National auditor CAG (Comptroller and Auditor General)today castigated the Oil Ministry for allowing Reliance Industries to retain its entire eastern offshore KG-D6 block in contravention of the Production Sharing Contract,

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  CBI Wants Oil Min To Appoint Expert To Help In Reliance Case

  July 04, 2011 18:20 IST

  New Delhi, July 4: The CBI may ask Oil Ministry to appoint an expert to assist it in understanding transactions surrounding Reliance Industries' crown jewel KG-D6 fields, where the company has shown a phenomenal increase