Scrips of RIL, ONGC down
The Finance Minister's announcement for the oil and gas companies did not cheer key players in the industry.
Industry players gave a thumbs down to FM's proposal to review the oil and gas exploration policy and move from profit sharing to revenue sharing contracts. "The proposal to the move from profit sharing model to revenue sharing model marks substantial increase in risk profile for exploration and production companies. From an overall perspective, Budget 2013 has a negative bias for oil and gas industry," said Nabin Ballodia, Partner-Tax, KPMG India.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/oil-gas-sector-calls-fms-budget-negative
[2] http://admin.indiaenvironmentportal.org.in/category/author/kalpana-pathak
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/budget
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas-exploration
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-exploration
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/diesel
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coal
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-and-natural-gas-corporation-ongc
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[14] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
