The Cabinet today tweaked pre-1999 oil and gas contracts to provide for proportionate sharing of statutory levies like royalty and cess between the operators of an area, and not put the entire burden on state-owned ONGC.
Oil and Natural Gas Corp Ltd and Oil India Ltd will pay royalty and cess tax only to the extent of their equity holding in oil and gas blocks given to them before 1999, Oil Minister Dharmendra Pradhan said.
India's renegotiated gas import deal with Russia's Gazprom will save between Rs 8,500 crore and Rs 9,500 crore over the contract period ending 2040, Oil Minister Dharmendra Pradhan said.
The petroleum products are "constitutionally included" under the Goods and Services Tax (GST) but it is the GST Council which includes Finance Ministers of all states that would decide when petrol, diesel etc can be brought under its regime, parliament was told.
People with disabilities are one of the most marginalised segments in the society as many of them remain deprived of gainful employment, Gehlot said.
Amit Shah, who has set a target for the party to win at least 120 of the 147 Assembly seats in Odisha, kicked off closed-door meetings with the state leaders here.
India is working on plans to enable gas utility GAIL to keep its marketing and pipeline operations separate without breaking up the company, India’s oil minister said.
With a clear vision for the future of India's energy sector, PNGRB intends to make our country a hot destination for investments in energy sector.
Shiv Sena alleged the state govt was not taken into confidence about an MoU signed by ADNOC with Saudi Aramco to take a stake in the planned USD 44-bn refinery in Maharashtra.
The NDA government repaid over Rs 2 lakh crore, including Rs 70,000 crore interest, which was taken as loan through oil bonds by the previous Congress government at the Centre.