The decision of the AAP government in Delhi filing an FIR against Petroleum Minister M Veerappa Moily on the gas pricing issue is against the principles of federalism, a senior law officer has said but cautioned against any action by the Lt Governor on it.
President Vladimir Putin on Tuesday announced a plan to buy USD 15 billion of Ukrainian bonds and slash Kiev`s bill for Russian gas imports, in a boost for embattled President Viktor Yanukovych as he faces monster protests over a rejected EU pact.
The Petroleum Ministry has
proposed a 33 per cent hike in the price of natural gas
produced by ONGC and Oil India and gradually increase it to
USD 4.20 per mmBtu set for gas from Reliance Industries` KG-D6
Mukesh Ambani-led RIL on Thursday hit
at state owned NTPC for "misleading" the government by saying
that it was not aware of the condition that the price of gas
to be supplied to it was subject to Centre`s approval.
State-run gas utility GAIL India has opposed the USD 6.75 per million British thermal unit price sought by the Cairn India-led joint venture for the gas produced from the Ravva Satellite fields in the KG basin.
Stressing that the priced fixed for gas produced by RIL was lower than rates charged by other private firms, the government said its
gas utilisation policy was aimed at operationalising idle and unutilised assets.