Dalal Street relies on RIL again, cites 4G, KG basin gas price revision.
The KG basin gas price revision was recommended by the Rangarajan committe, which doubled the gas price from 4.2 to 8 per mmBtu and favoured deregulation. RIL wanted to triple the price to 14 but Jaipal Reddy had said no. He has been since replaced, of course, to much noise created by the opposition and Arvind Kejriwal.
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