Auditor Gives Point-By-Point Rebuttal On Reliance’s Claims Of Lack Of Expertise

New Delhi: Concerned about the inability of the National Ganga River Basin Authority’s limited control over how states manage the river stretches in their domain, the Centre is preparing a law that

On the face of it, the Union petroleum ministry has finally taken some action in its slow-fuse battle with Reliance Industries over the D6 block in the Krishna-Godavari basin.

NEW DELHI: Reliance Industries has reported that natural gas production from its eastern offshore KG-D6 fields has dropped to about 32.66 million standard cubic meters per day.

Having failed to get a response from the ministry of petroleum and natural gas for nearly five months, Reliance Industries Ltd (RIL) on Wednesday filed a plea in the Supreme Court to seek the appointment of an arbitrator in its dispute over the D6 block in the Krishna-Godavari basin.

According to a spokesperson, the company has sought an order appointing an arbitrator under section 11(6) of the Arbitration and Conciliation Act and article 33.5 of the production-sharing contract. “We had served a notice on the government in November 2011. We have approached the Supreme Court since we did not get any response,” he said.

Seeks appointment of arbitrator on behalf of oilmin to settle dispute
OUR BUREAU NEW DELHI

New Delhi: CPM member Prasanta Chatterjee asked Comptroller and Auditor General Vinod Rai on Tuesday whether the auditor could quantify the loss to the government on account of conditions of the pr