Three ministries oppose Rangarajan committee's gas pricing formula

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Rs 60,352-cr impact on power, urea makers; FinMin comes up with its own formula

Even before an empowered group of ministers starts deliberating on a revision in natural gas prices, the finance, power and fertiliser ministries have raised a red flag on the recommendations of the Rangarajan panel. Only the Planning Commission seems to be in agreement with the committee’s proposal to use a proposed formula as “an interim or transitional solution” till March 2017.

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http://www.business-standard.com/article/economy-policy/three-ministries-oppose-rangarajan-committee-s-gas-pricing-formula-113042500646_1.html
Publication Date: 
26/04/2013