Gas pricing FIR liable to be quashed: RIL tells HC

RIL has sought quashing of the FIR lodged against it by the ACB of the Delhi govt in 2014

Gas pricing FIR liable to be quashed: RIL tells HC

Reliance Industries Ltd (RIL)on Friday told the Delhi High Court the FIR lodged against it and two UPA ministers on alleged irregularities in raising gas price from KG-6 basin was liable to be quashed in view of its larger bench ruling that the Delhi government’s ACB does not have power to probe central government officials.

Budget 2017: President Pranab Mukherjee okays change in rules for Rail Budget merger

Budget 2017: President Pranab Mukherjee okays change in rules for Rail Budget merger

President Pranab Mukherjee has approved changes in government rules to allow merger of rail budget with the Union Budget 2017. The Department of Economic Affairs has been entrusted with the work relating to preparation of central budget including rail budget, as per a recent order issued by Cabinet Secretariat.

Piyush Goyal Backs Use of Drones and Modern Technology In Mining

Goyal has earlier said after assuming charge of the mining ministry that Technology Can Change The Future of Mining In India

Piyush Goyal Backs Use of Drones and Modern Technology In Mining

The ministry of mines has decided to give a major thrust to usage of drones or unmanned aerial vehicles (UAVs) to increase efficiency of India’s mining sector be it preparation and monitoring of mining plans, area inspection, production and exploration, dispatch and even checking and curbing the menace of illegal mining.

Acquisitions are the flavour of global oil firms to boost reserves

According to global news agency Reuters, since late November, major oil companies have announced 11 deals worth more than $500 million each with a combined value of $31 billion, the clearest sign yet that oil executives are more confident a recovery is underway

Acquisitions are the flavour of global oil firms to boost reserves

The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost hydrocarbon reserves through acquisitions in contrast to the mergers route that followed previous slumps in crude prices.

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