Competitive Bidding

Government is looking to provide LED bulbs at Rs 44, which is much lower than current retail price of around Rs 300, under its DELP scheme to discourage use of inefficient incandescent bulbs.

Bidding shale gas blocks not yet viable: Delloitte India

The Cabinet Committee on Economic Affairs (CCEA) has approved the long-awaited shale gas and oil exploration policy to boost oil and gas production and cut imports. The plan is to unlock shale gas reserves.

Coal min against grant of alternate mines

Amid controversies shrouding the allocationof coal blocks, the coal ministry has said it is not in favour of framing any policy for allotment of alternate mines at present as it may result in huge demand by firms at a time when there is paucity of blocks.

Govt to eschew competitive bidding route for coal blocks

The Coal Ministry has indicated that certain coal blocks out of 54 acreages that were tipped to be put up for competitive bidding will be awarded on a nomination basis instead.

GoM approves bidding contest for mineral exploring licences

After the opposition from mineral-rich states on Mines Ministry's proposal of 'first come first serve route' for grant of direct prospecting licences in mineralised areas, the GoM has recommended that states can adopt competitive bidding route.

Chemical energy sector M&A deals worth USD 41bn in Q1 2011

The chemical energy sector witnessed mergers and acquisitions worth USD 41 billion in the January-March quarter of 2011, with the Asia-Pacific region accounting for USD 11 billion of the total value, says global consultancy firm PwC.