Rangarajan Committee

A slew of recent research papers that offer opposing viewpoints has reignited the old debate --- has poverty in India diminished or increased? Moneycontrol examines the issue.

India's poor population index may rise under Niti Aayog

Arvind Panagariya is on the right track – a revolutionary one. To make his new poverty definition work, the government must also move its resources and income support to the regions that are home to most of India‘s poor.

21 projects will benefit due to premium rescheduling: NHAI

Post the reschedule premium, road projects worth Rs 20,000 crore (awarded between 2011 and 2013) could be scrapped and might see re-bidding.

Oil Min write to PM; gives status report on gas price hike

In the letter, the minister talks about going through proper process for fixing gas process—a decision that has taken two-years—based on the Rangarajan Committee proposals.

DGH disagrees with Kelkar report on oil exploration deals

Sources with direct knowledge of the development said the panel, in Chapter 2 of its report, recommended continuation of the present production sharing contract (PSC) framework for the oil and gas sector, which allows for cost recovery by exploration and production (E&P) companies before they pay the government its share.

Exiting bumpy patch, smooth ride for road sector next year

While the ambitious 20 km a day road building programme of the UPA government remained a distant dream in the final year of the 5-year deadline, 2013 also saw change of guard with C P Joshi vacating the Road Minister's charge, making way for Oscar Fernandes who is optimistic that the sector will boom next year.

ISMA rejects UP govt offer of panel on cane price

Avinash Verma, managing director, Indian Sugar Mills Association, said there was no need for the panel, or even a state-advised price for cane if the Rangarajan Committee recommendations were accepted.

Ajit Singh blames SP for UP sugar crisis

Quoting mandatory ethanol blending and sugar purchase tax, Aviation Minister Ajit Singh says all political parties will have to be consulted for solving this issue, something the UP government should have done a long time back.

Need to look at financial inclusion holistically

According to research, countries with a high level of human development are also those with a relatively high level of financial inclusion. In fact financial inclusion index and human development index move in pretty much the same direction, which means there is a need to look at the issue of inclusion holistically.

New gas pricing policy will apply uniformly to all: Moily

RIL, on the other hand, blames unforeseen geological complexities for the fall in output and believes the reserves in D1&D3 are actually less than one-third of 10.03 Trillion cubic feet predicted two years before the field began output in April 2009.

On verge of extinction, UP sugar mills send 'SoS' to govt

Sugar cane prices have increased 17 percent on average for the last three years, while sugar prices have been lower by nearly 10 percent year-on-year (YoY).

Higher gas prices to benefit upstream players: CRISIL

The Cabinet Committee on Economic Affairs (CCEA) has approved the revision of domestic gas prices as per the Rangarajan Committee recommendations on June 28, 2013. "Higher gas prices to benefit upstream players but hit discoms, CGD and urea producers," says CRISIL Research.

PAT to increase by Rs 8500cr post gas price hike: ONGC

Aloke Kumar Banerjee, director-finance, ONGC sees the company‘s profit after tax (PAT) increasing by Rs 8500 crore on the back of the hike that will come in effect from April 1, 2014 is based on recommendations given by the Rangarajan committee and will apply uniformly to all producers.

Gas price at USD 8.4 close to Rangarajan report: Salil Garg

Talking to CNBC-TV18, Salil Garg, director corporates, India Ratings. says that the main concern of the gas price hike is more from the point of power consumers and the power sector because ultimately they will have to bear the brunt of the hike.

Gas price hiked to $8.4; CCEA okays Ranga panel recos

The Cabinet Committee for Economic Affairs on Thursday approved the proposal to hike the natural gas price to USD 8.4/mmbtu from current USD 4.2 per mmbtu with effect from April 1, 2014.

How gas price hike will impact oil cos? Macquarie's take

Every USD 1 increase in price will lead to a viability of 9 tcf additional output, says Jal Irani, Managing Director -Oil & Gas Research at Macquarie Group.

Will not bow to any threat; gas prices will be hiked: Moily

CNBC-TV18's executive editor Shereen Bhan reports that Moily lashed out at oil import lobbies against alleged threats and confirmed that gas prices will be hiked.

Oil Ministry recommends natural gas price hike to $6.7

The oil ministry has moved a cabinet note to raise the price of natural gas produced by state-owned ONGC and OIL as well as private firms like Reliance Industries to $6.7, lesser than the $8-8.5 hike previously expected.

Gas-price policy soon; 2 buys in advanced stages: Oil India

TK Ananth Kumar, CFO, Oil India says that there have been talks regarding the increase in gas prices for quite some time and the FM indicated that the gas-pricing policy would be finalised soon.

Fert industry criticise Rangarajan Comm report on gas price

Criticising the formula suggested by Rangarajan Committee on pricing of domestic natural gas, fertiliser industry today said it would lead to a "massive" increase in the price of urea.

Oil Min to go to Cabinet on gas pricing: Moily

Oil Ministry will take a proposal for nearly doubling the price of domestically produced natural gas to USD 8-8.5 per mmBtu to the Cabinet after getting comments on its draft note.

See FY13 subsidy share rising by Rs 10,000cr: ONGC

The Ministry of Petroleum and Natural Gas has proposed to double the price of gas to USD 8-8.5 per million metric British thermal unit (mmBtu) sometime this calendar year, as recommended by the Rangarajan committee.

What lies ahead for Reliance Industries after Q3

After posting better-then-expected numbers in the December quarter, Reliance Industries (RIL) is unlikely to see major upside in refining segment as margins have already peaked at USD 9.6/bbl, say analysts who met company management post Q3 earnings announcement.

Rangarajan committee recos: How will it Impact O&G stocks?

Emkay Global Financial Services has come out with its report on oil and gas sector. According to the research firm, any increase in domestic prices would negative impact the downstream consuming sectors, predominantly power and fertilizer sectors.

CAG has power to audit oil & gas blocks: Rangarajan

The Prime Minister-appointed Rangarajan Committee, which went into oil and gas contracts, said CAG's authority to audit expenses was unquestionable. "Audit is prerogative of CAG and so the power of audit remains with CAG," C Rangarajan said after the report of the panel, headed by him, was made public.