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Business & Economy
Gas pipeline: Transit fee
Pakistan's only concern
What is India News Service,
Wednesday, 16 February 2005, 2000 hrs IST
Pakistan Petroleum Minister Amanullah Khan Jadoon on Tuesday said his country would have no issue with India on how it secured its gas supply as long as Islamabad was paid the transit fee.
\91\91It is India\92s decision the way it wants to get the gas. All we are interested is that Pakistan should get the transit fee in line with international norms. The rest we can
discuss,\92\92 he said.
Speaking to this website's newspaper, Jadoon said he had no objection to India dealing directly with Iran on the gas delivery. Open to the idea of India looking at other options, Jadoon felt New Delhi\92s latest decision is close to what Pakistan had proposed. The only obstacle had been the Indian approach which linked other conditions to the project.
But given the recent Cabinet decision to authorise Petroleum Minister Mani Shankar Aiyar to negotiate on the pipeline, Jadoon said he was looking forward to the first meeting in March on the margins of the SAARC Energy Ministers meet.\91\91... As long as there are no conditions attached, we are willing to look at all options.
Indo-Kazak energy coop back on table:
The fifth Indo-Kazakhst-an joint business meeting will be held after a gap of three years in Alamaty, would explore the possibility of close cooperation in the field of hydro-carbon, remote-sensing, IT and bio-technology.
S&P bids for Crisil:
Standard & Poor\92s offered $55 million on Tuesday to raise its stake in Indian rating agency Crisil Ltd to up to 65 percent as strong economic growth drives the country\92s demand for
credit.
ONGC finds gas in Sunderbans:
The Oil and Natural Gas Corporation (ONGC) has detected a huge reserve of gas in the Sundarban basin in West Bengal. According to ONGC chairman and managing director Subir Raha, the reserves are in the region of 5 to 10 million
tonnes.
Related story:
ONGC to roll out retail outlets next fiscal: ONGC will begin rolling out its retail outlets by 2005-06, Chairman and Managing Director, Subir Raha, said.
FICCI inks MoU with Sistema for agro park:
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Industries need State's nod for closure:
In an order having a significant bearing on industrial relations, the Supreme Court has ruled that an industrial unit cannot be closed down without prior permission of the State Government even if its management and the workers union arrive at an agreement to this effect.
Iveco signs new pact with Hinduja Group:
Iveco, the commercial vehicle company of Fiat Group and Hinduja Group have concluded a new agreement.
Cars see modest rise in January:
Passenger car sales saw a modest single digit growth in the domestic market in January 2005 at 8.17 per cent while motorcycles zipping past car witnessed a growth of 22.8 per cent.
Duty on palm oil raised:
The Centre has increased the customs duty on various kinds of palm oils, including palmolein by 15 percentage points with immediate effect, while scaling down the prescribed tariff values on these specified edible oils.
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