28.07.2007

  • Do you remember the Mashelkar Committee report controversy? It is back in news because there is tiff between Mr. Mashelkar and the government over the issue. Let’s have a recap of the issue. Take a look at what I noted for you in today’s Discover It blog here.
  • Natural gas rates to be decided by the regulator
    • Do you remember that we noted sometime back that the Petroleum and Natural gas regulator does not have the power to decide on natural gas tariff?
    • The Committee of Secretaries on gas is likely to recommend the job of approving gas pricing formula to the regulator. This would be in compliance with the norms under the exploration policy which allows the regulator to approve the pricing formula if the government assigns it the job.
    • The PNGRB – Petroleum and Natural Gas Regulatory Board has started functioning from June this year. Its mandate is to regulate downstream activities including refining, processing, storage, transportation, distribution, marketing and sale of petroleum products and natural gas.
    • It has Mr. L. Mansingh as Chairman. Members are: LK Singhvi, BS Negi, Sudha Mahalingam and YPC Dangay. Ajay Tyagi is the Member Secretary.
  • FII investments which are more nearer to FDI in classification
    • Investments into public issues or QIPs (Qualified Institutional Placements), pre-IPO placements that are subject to lock-in are two types of investments which are very close in nature to FDI. The former because a lot of it goes into capital expenditure. The latter because of the lock-in.
  • Should money lenders be involved in rural lending?
    • Take a look at what appeared in ET today here. It is an interesting debate in the context of RBI’s model law which was outlined by the committee headed by SC Gupta.
  • Deepak Kapoor is the next Army Chief
    • He is set to succeed the present Chief of Army Staff General J.J. Singh on September 30th.
  • Dr. Amartya Sen honoured with German award
    • Germany’s Meister Eckhart prize is conferred on him for his work on human development theory.
    • The prize is named after the 13th century German theologian and mystic.
  • Asian atheletics champions
    • They are currently going in Amman, the capital of Jordan.
    • India’s tally included
      • JJ Sobha’s silver for heptathlon
      • Sinimole Paulose’s silver for 800 meters run
      • Preeja Sreedharan’s silver for 10,000 meters run

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