May 30, 2012, 08.52 PM IST | Source: CNBC-TV18

Rangarajan-led team to aid govt price gas: Sources

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

After the Bell

Excerpts from After the Bell on CNBC-TV18 Watch the full show »

The setting up of Rangarajan Committee coincides with Reliance Industries demand to the government to revise the USD 4.2/mmbtu gas price before its 2014 expiry and the law ministry opines that the government can increase the KGD6 price, reports CNBC-TV18.

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.

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Narendra Modi

84092.2 762.67 0.92%

3784

Bought today

3508

Sold today

1.11%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.