• Associate Sponsor

Amitav Ranjan


For recovering an extra 20 million barrels of crude oil: ONGC plans to use unconventional tech
Thu, Feb 15, 2018

While the technology is a proven concept in the West specially the US and Canada, ONGC’s project would be the first large scale CO2-injected project in Asia.

From 12 lakh to 10.9 lakh, now 7.5 lakh: Govt lowers its piped gas target again
Wed, Jan 31, 2018

On May 9, the target was pegged at 12 lakh for the entire fiscal year, according to documents accessed by The Indian Express. For compressed natural gas (CNG) stations, the number has been revised to 125 outlets from 180 quoted on May 9.

Law Ministry says no to review of trade reforms by external consultant
Mon, Jan 29, 2018

Law Ministry quoted a 1961 Presidential Order that blocks the hiring of a third party consultant to examine and interpret domestic laws, bilateral and multilateral treaties, or to advise ministries on probable changes in laws, regulations and circulars.

Centre working to keep PF rates unchanged
Mon, Jan 22, 2018

Going by the established norm of announcing returns based on its annual interest income, the payout would have been 8.5 percent.

ONGC field shuts oil wells following damage to gas lines
Thu, Jan 18, 2018

ONGC officials said the company has begun reviewing offshore logistics to make them “more safe and secure”.

Petroleum Ministry for awarding of discovered small fields by oil, finance ministers
Tue, Jan 16, 2018

Ministry suggests the entire process of auction be made ‘easy and smooth’ for quick decision making

Portal to aid ministry in speeding up cases
Thu, Jan 11, 2018

The online mechanism would alert participants of a court’s position on similar issues and help avoid taking conflicting stands on related matters, sources said.

DGH for further exploration of existing fields; operators be allowed to recover extra costs
Wed, Jan 10, 2018

Prior to 2013, the DGH’s stand was that further exploration within a producing area should not be permitted at all.

Nine days before youth festival, venue moved from Jaipur to Noida
Thu, Jan 04, 2018

The Vasundhara Raje government, which had initially turned down Rajyavardhan Singh Rathore's request to host the festival in Jaipur, later relented and even agreed to part-finance the event.

SEBI wanted more powers to slap fine, Law Ministry said no
Tue, Jan 02, 2018

In October 2017, Sebi sent a second proposal suggesting that a “uniform procedure” be put in place for piloting all enforcement proceedings under the securities laws.

26/11’s Baby Moshe, Benjamin Netanyahu to visit in January, PM Modi looks at a stop in Palestine
Sat, Dec 30, 2017

Besides Delhi, Netanyahu, who will be accompanied by his wife, will visit Agra to see the Taj Mahal, and will also go to Ahmedabad, Mumbai.

‘Fake’ transport by FCI, forged papers: J&K High Court stays CBI probe
Tue, Dec 26, 2017

The stocks crossed Lower Munda check-post near Qazigund but never reached the Baramulla depot for unloading.

Justice UD Salvi appointed officiating chief of National Green Tribunal
Wed, Dec 20, 2017

NGT’s functioning has been affected by vacancies. With Justice Kumar’s retirement, the green court will be left with less than one-third of its sanctioned strength of 20 officials.

Elections over, time for Bills: Triple talaq, law to replace Medical Council of India
Fri, Dec 15, 2017

These bills, along with one to replace the GST (Compensation to States) Ordinance, need Cabinet approval so that they can be introduced in the winter session of Parliament which begins December 15.

Govt may allow petroleum coke only in sectors that absorb sulphur emissions
Mon, Dec 04, 2017

Import of pet coke has been growing and jumped from 3.3 million tonnes in 2012-13 to 14.4 million in 2016-17 when total national consumption hit 23.25 million due to relative high heat value and cheaper availability.

Oil & gas fields: Allow us to bid, on same terms as pvt firms, says ONGC
Thu, Nov 30, 2017

Based on past experience where fields were returned by private operators, ONGC wants a “provision of reverting back the field to NOC in case of non-performance by selected partner, without any compensation”

PMO proposes Gujarat model: Central PSUs park surplus funds in one firm
Thu, Nov 30, 2017

In fiscal year 2015-16, reserves and surplus of all CPSEs stood at Rs 7.96 lakh crore most of which is parked in banks and mutual funds.

LawMin blocks FinMin’s attempt to ban Mandi tax by state govts on agricultural produce
Tue, Nov 28, 2017

Entry 66 of the State List empowers states to levy fees in respect of any matter contained in the State list in support of its opinion.

Govt tells PSUs: Have to pay dividend, borrow to fund expansion costs
Tue, Nov 21, 2017

IRCTC, Rail Vikas Nigam Ltd and Goa Shipyard Limited were told last month to pay “maximum permissible dividend (100 percent of profit after tax) as dividend” as there was “enough scope to leverage its net worth to meet their investment requirements”.

‘Exploration activities of OIL, ONGC to be cleared by DGH’
Fri, Nov 17, 2017

A ministry’s order of August 2017 directs both NOCs to submit to the DGH all data relating to drilling activities for each petroleum exploration license (PEL) and petroleum mining license (PML) in fields given to them through nomination.

Directors’ disqualification only from defaulting firms, Corporate Affairs Ministry clarification soon
Mon, Nov 06, 2017

Last September, the ministry issued a statement saying that it had identified 1,06,578 directors of companies that did not file their financial statements for three straight years.

Oil & gas: Govt may hand over majority stake in 15 PSU-run fields to pvt firms
Fri, Oct 27, 2017

Partner selected for production enhancement shall acquire 60% of farm-in interest in field: DGH draft policy paper.

OMCs hike penalty on fuel pumps for short delivery
Wed, Oct 04, 2017

Higher fine for running automated pumps on manual modes sans permission.

PetrolMin for bringing errant OMC officers under revised MDG rules
Thu, Sep 28, 2017

In a Sept 13 meeting to assess progress on curbing tampering of meters, the ministry pulled up OMCs for keeping its executives out of the ambit of the punishments for any wrongdoing.

Ministry wants ONGC chief for just a year, with quarterly review
Wed, Sep 20, 2017

Nearly 30 candidates had applied for the ONGC top job in May and the PESB shortlisted nine, none from the private sector.

MCA21 registration: Law Ministry asks Centre to defer making Aadhaar compulsory
Tue, Sep 19, 2017

It suggested the postponement of mandatory linking of Aadhaar “to avoid any controversy which may lead to embarrassment from the concerned quarters”.

Sebi may ease minimum holding requirement for REITs, InvITs in special purpose vehicle
Mon, Sep 18, 2017

Sebi on Monday may also look to approve a proposal where a REIT or InvIT can raise debt capital by issuing bonds. Sebi is also expected to do away with the mandatory requirement for a REIT to hold at least two projects.

Board Meeting today: Sebi likely to raise monetary fine for capital market-related offences
Mon, Sep 18, 2017

Proposal on recommendation of management consulting firm Oliver Wyman

Posting Aadhaar of directors: Ministry has second thoughts
Thu, Sep 07, 2017

Last April, the Ministry of Corporate Affairs (MoCA) had asked individual stakeholders to obtain Aadhaar to weed out bogus entities and identify shell companies suspected to be used for laundering illicit funds.

Ahead of DBT roll-out next January, centre plans to double dealers’ commission on urea
Thu, Sep 07, 2017

While the national exchequer would contribute Rs 113 per tonne, urea producers would have to forgo Rs 107 per tonne as the incentive given to manufacturers for neem coating the fertilizer would be brought down to Rs 161 per tonne from the existing Rs 268 per tonne.

MCA proposes to halve CCI member strength to three
Wed, Aug 23, 2017

Last March, MCA notified that March 2016 exemption for seeking CCI approval would apply to mergers and acquisitions.

Government plan to publicise ‘pro-poor’ measures
Mon, Aug 21, 2017

According to sources, Sushma’s August 16 letter to the ministers said the objective behind the PM’s drive is to put these numbers together before the people through BJP party workers.

FertiliserMin set to approach CCEA for closure of HFCL’s Haldia unit
Thu, Aug 17, 2017

The Haldia closure decision comes just three months after fertiliser minister Ananth Kumar promised the revival of all closed fertiliser projects under a two-pronged strategy to realise Prime Minister Narendra Modi’s vision of ‘Fertilizer Security for Food Security’.

Tata docomo case: Transaction violated FEMA, challenge payout in SC, says ED
Tue, Aug 15, 2017

The ED has argued that the share price agreed to be paid by Tata Sons at Rs 58 per share was much higher than the fair market value of Rs 23.34 per share on 10 November, 2014 — the date when Tata Teleservices applied for RBI approval for making the payment to DoCoMo.

Financial Data Management Centre: Law Minister clears body for collection of financial data
Thu, Aug 10, 2017

In order to facilitate FDMC functioning, it also seeks “consequential amendments” in the RBI Act, Banking Regulation Act and the Payment and Settlement Systems Act as their confidentiality clauses do not allow access to raw data.

Refinery project: Navratna EIL under probe for contract to Dubai company
Fri, Aug 04, 2017

EIL chairman and managing director Sanjay Gupta tried to close the issue saying that there had been “no supplementary” from the IEM “to settle the matter”.