Govt considering freeing oil, gas price controls: Chidambaram
TORONTO: India is considering freeing prices of locally produced oil
and natural gas from state controls in a bid to lure more foreign
investment, finance minister P Chidambaram said.
"We are at an advanced stage — a Cabinet paper is under consideration on how to move from a production sharing model to revenue sharing model for oil and gas explored and excavated by companies," he told investors here yesterday as he started a tour of Canada and US to woo investors.
At present, India allows 100 per cent foreign direct investment ( FDI) in exploration and production of oil and gas through a production sharing regime, wherein the companies get to recover all their investment before sharing profits with the government.
"We are at an advanced stage — a Cabinet paper is under consideration on how to move from a production sharing model to revenue sharing model for oil and gas explored and excavated by companies," he told investors here yesterday as he started a tour of Canada and US to woo investors.
At present, India allows 100 per cent foreign direct investment ( FDI) in exploration and production of oil and gas through a production sharing regime, wherein the companies get to recover all their investment before sharing profits with the government.
94% of Indian businesses plan to hire in 2013: Survey
NEW DELHI: India Inc seems to be optimistic about their hiring intentions for 2013 as 94 per cent of the businesses are planning to increase their headcount, according to a survey.
The survey conducted by workplace solutions provider Regus among more than 26,000 businesses in nearly 100 nations, including India, revealed that most of the recruitment is expected in sales and marketing segments.
The Regus global business confidence index for India stood at 137 points in April, suggesting a stable score. However, it has slipped four points since October 2012
The survey conducted by workplace solutions provider Regus among more than 26,000 businesses in nearly 100 nations, including India, revealed that most of the recruitment is expected in sales and marketing segments.
The Regus global business confidence index for India stood at 137 points in April, suggesting a stable score. However, it has slipped four points since October 2012
AMIT GUPTA
PGDM 2nd sem
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