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RIL hits back at Oil Min on cost recovery issue

Last Updated: Friday, May 04, 2012, 20:36

Smacked by a hefty penalty of over USD 1 billion for its failure to meet gas output targets, Reliance Industries on Friday hit back at the Oil Ministry saying there was no provision in the contract to disallow any part of its investment in KG-D6 fields in Bay of Bengal.

Tax refunds pull down net direct tax collection by 8 %

Last Updated: Friday, August 12, 2011, 19:11

Hefty refunds pulled down net direct tax collections by 8.14 per cent to Rs 78,679 crore during the April-July period of this fiscal.

MCD contractors pocket much heftier sum: CAT

Last Updated: Wednesday, April 27, 2011, 15:26

Observing that MCD contractors pocket a much heftier sum than what they pay to daily wagers, the Central Administrative Tribunal has asked the civic body to consider employing 43 pump operators working for it for many years.

Maha legislators stumped over hefty rise in canteen rates

Last Updated: Thursday, March 18, 2010, 22:41

Maharashtra legislators on Thursday felt the pinch of inflation on day one of the budget session when the rates of canteen items increased many fold.