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PSC PROCUREMENT
Chhattisgarh CM Baghel rides motorbike to lead 'Bharosa Yatra' in his assembly segment ahead of pollsChhattisgarh Chief Minister Bhupesh Baghel led the ruling Congress' 'Bharosa Yatra' in his constituency to highlight his government's achie...
Green cement is THE concrete step towards Building a Sustainable India
RIL entitled to recover cost on unviable gas discovery: Parliament's Public Accounts CommitteeParliament's Public Accounts Committee today said RIL is entitled to recover all cost incurred on unviable gas discoveries as government's ...
CAG not factoring project delays if decision is not taken: RILWhile government/PSU procedures focus on piece meal & individual tenders taken on standalone basis, avoiding delays and cost of not doing t...
Reliance Industries: CAG exceeded its brief; used hindsight to question decisionRIL has accused CAG of exceeding its audit brief in audit of spending on eastern offshore KG-D6 block saying hindsight is being used to que...
Need to overhaul, modernise production-sharing contracts for gas explorationWe need to move to a system of upfront revenue share as a biddable parameter in the hugely capital-intensive upstream oil and gas sector.
Oil Ministry wants CAG to quantify loss in KG-D6 contractsThe Oil Ministry has asked CAG to quantify the loss to the government caused by RIL's awarding contracts in the KG-D6 block on the basis of...
- Jaypee Cement's market share in West Bengal is expected to go upto 12% by FY15
Jaypee Cement, a part of Rs 18,000 crore well diversified infrastructural industrial conglomerate expects to have a 12% marketshare in West...
- Rangarajan panel favours new mechanism for profit sharing between government and oil explorers
The expert panel chaired by prime minister's Economic Advisory Council chairman C Rangarajan is in favour of a new simplified mechanism of ...
- RIL gets approval to recover $3.99 bn from D6 block sales
The contract allows RIL to first recover its entire expenditure in developing oil and gas fields from block's sale proceeds before determin...
- Management committee of D6 block has approved only $3.99 billion cost recovery, Jaipal Reddy
MC) of Reliance-operated D6 block has approved only $3.99 billion cost recovery against Reliance Industries' claim of $9.47 billion, oil mi...
- Not given fair opportunity to be heard on gas block: RIL to Parliamentary panel
RIL, pulled up for alleged contract violations of a gas block, told a Parliamentary panel that it was not given a 'fair' opportunity to be ...
- CAG report indicts Reliance, calls for indepth review of 10 contracts
The CAG called for indepth review of 10 contracts, including 8 awarded to Aker Group, by Reliance for developing KG-D6 finds.
- Oil ministry disagrees with RIL's take on sovereign approval in KG-D6 issue
Ministry had told the CAG that even though there were govt nominees in committee their endorsement of any matter did not amount to sovereig...
- Full Text of DGH statement
Appeal to all concerned is that before criticizing the actions of the DGH and the Govt. of India, it is important and essential to understa...
- Reliance Industries, Petroleum Ministry at loggerhead
RIL has accused the Petroleum Ministry of violating Parliament approved norms for oil and gas exploration in the country by proposing new g...
- CVC clears signing of PSC for Ratna-R fields with Essar
THE Central Vigilance Commission last week has given clearance for signing of the Production Sharing Contract for Ratna R-Series oil and ga...