In several cases, irrational bidding, quoting very high revenue share — even above 90% at the peak production level during the contract period — had raised serious concerns of back-loading of production.
While work to put the basin on the oil and gas production map of India has been going on for two-three years, the recent changes in the policy framework has buoyed the state-run firm, according to a company executive.
Under Chapter 86 of the GST tariff rules, specified items for supplies to the railways are taxed at a benign 5% but without a refund of unutilised input tax credit (ITC).
The Indian Railways does not seem to have lost its enthusiasm to add to its revenues by offering paid content (music, movies and more) on demand to passengers.
The Ministry of New and Renewable Energy (MNRE) has requested the Ministry of Petroleum and Natural Gas (MoPNG) to divert a part of the cooking gas and kerosene subsidy (around Rs 25,000 crore/year) towards solar photovolatai
“Going forward, we will explore import options from the US by evaluating the economics of handling US crude,” said M Venkatesh, managing director at MRPL, adding that all options are open and the company will opt for the
As reported by FE, after negotiations that went on for almost a year, the ministry of finance has agreed to service debt—both principal and interest—which the Indian Railways will take under EBR to fund ‘nationally impo
Mehta, however, cautioned that usually an un-hedged exposure is taken by firms whose balance sheets have a natural hedge, that is inflows are also in the same currency in which it avails loans.
The nationally important projects to be funded via the new mechanism include projects in the northeast, apart from others, but are not strategically important projects for which funds come from the defence ministry.
Though the exact cost of the ADB loan could not be immediately ascertained, the transporter is likely to get it at a rate of interest which would be only 125 basis points higher than the cost of funds for ADB.
MIGA helps multilateral lenders to make cross-border lending by identifying risk-free avenues in developing countries; sovereign guarantee (usually accorded to 100% state-owned entities) is one of its chief criteria.
Electrification of tracks is expected to reduce diesel consumption by about 2.8 billion litres, resulting in the railways reducing its energy bill by about Rs 13,000 crore per annum by FY22.
Launched in May 2016, the PMUY was initially aimed at providing clean cooking fuel to 5 crore women from households classified as BPL under the Socio Economic Caste Census 2011 over a period of three years.
Explaining the rationale for royalty, Narayanan said technology, brands and processes used by Nestle India belong to the global parent and these are of global standard adapted locally in the country.
Even as the Supreme Court has extended status quo order on the open offer of the IHH Healthcare to acquire another 26% stake in Fortis Healthcare (FHL), the Malaysian company has already set aside Rs 3,400 crore in an escrow
