New Delhi : Days after approving lower than demanded gas price increase, Finance Minister Arun Jaitley has said the USD 5.61 per mmBtu rate will ensure explorers make profit but not windfall gain. The increase in rate, approved the Cabinet Committee on Economic Affairs (CCEA) on Saturday, balances interests of oil and gas explorers and consumers, he said here.
New Delhi : The government plans to hike its stake in IFCI Ltd to 51 per cent by infusing Rs 60 crore in the country’s oldest financial institution. Even though the government had a majority shareholding in the term lender, at present the stake is nearly 48% on account of inclusion of preference share capital.
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