The roadmap on consolidation of various Indian oil and gas public sector undertakings should get clear in the current financial year, according to Minister of Petroleum and Natural Gas Dharmendra Pradhan.
State-owned ONGC has projected 17 percent rise in its crude oil production and 66 percent in natural gas by March 2022 as it looks to boost domestic output to help achieve the government target of 10 percent reduction in import of these items.
Finance minister could announce a new framework suggesting a fiscal deficit range from 2018-19 setting the stage for replacing the FRBM Act with a new law, giving the govt more flexibility on borrowing & spending; govt awaiting recommendations of NK Singh-panel that is expected to submit report today.
The Sahara Group today presented in the Supreme Court a roadmap for repayment of an outstanding amount of over Rs 11,136 crore to SEBI and proposed to clear its liability in 21 instalments in two-and-a-half years to ensure "absolute" release of its chief Subrata Roy.
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"NITI Aayog has has submitted two separate lists of state-run companies, one comprising of sick PSUs which may be closed down and the other a list of firms which should be privatised," a source said.
Watch accompanying video of CNBC-TV18's Latha Venkatesh on key numbers that we need to watch out for.
Finance Minister Arun Jaitley will present the Budget 2016-17 on February 29 outlining the deficit projection for the fiscal. In the last budget, he had delayed the consolidation roadmap by a year for bringing down the deficit to 3.5 percent in 2016-17 and to 3 percent in 2017-18.
Sunil Munjal, joint managing director, Hero MotoCorp expects the minimum alternate tax (MAT) on SEZs to be waived off in this Budget.
There is a preference for deal-by-deal engagement, allowing investors to decide on a case-to-case basis.
An exercise has also been started to properly capture the data on the services sector, a move which will help frame policies on the sector and negotiate free trade agreements. "Our attention is always on merchandise trade and not really on services trade.
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‘Fixing the fisc‘ a special four part pre-Budget series focuses on the central theme of the Budget exercise itself to cut the fiscal deficit size.
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Finance minister P Chidambaram explains to media-persons, including CNBC-TV18‘s Shereen Bhan, on Monday regarding the government‘s plan to formulate a roadmap for fiscal consolidation.
Ketan Dalal of PricewaterhouseCoopers (PwC) analyses, on CNBC-TV18, the implications of the committee to prepare fresh norms on GAAR announced by the Prime Minister
Air India is likely to appoint a real estate consultant very soon to prepare a roadmap for monetising its assets in India and abroad worth Rs 5,000 crore over the next decade, official sources said on Friday.