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May 30, 2012, 08.52 PM IST
According to government sources, CNBC-TV18 has learnt that a committee led by C Rangarajan will be set up to help the government decide on gas pricing
The setting up the committee to look into all aspects of PSCs is also important considering that RIL has invoked arbitration against the government for a USD 1.2 billion penalty slapped against it for falling gas production, saying this is against its PSC.
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