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Suchetana Ray

Suchetana Ray covers aspects of the government’s economic policy. A news junkie, she is invested in HT’s ‘digital first’ policy.

Articles by Suchetana Ray

CAD, inflation in focus as oil inches towards $50 a barrel

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Published on May 25, 2016 08:32 AM IST
BySuchetana Ray and Timsy Jaipuria

A curious visit by a Panama minister

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Updated on May 25, 2016 07:47 AM IST

RIL to withdraw suit, begin KG drilling

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Updated on May 25, 2016 07:45 AM IST

How the strategic Chabahar port may bolster India-Iran ties

Prime Minister Narendra Modi quoted Urdu poet Ghalib and spoke about ‘dosti (friendship)’ as India and Iran on Monday signed 12 pacts, including the agreement to develop Chabahar port — a significant development given the strategic location of the Iranian port with direct access to the Indian Ocean region.

Prime Minister Narendra Modi interacts with Iranian President Hassan Rouhani during a joint press conference at the Saadabad Palace in Tehran.(PTI)
Updated on May 24, 2016 10:00 AM IST
Hindustan Times | By

Panama minister visits India. But what was she up to?

In the midst of the leaks, a junior minister from Panama came to India, met government officials, and left the country without doing what she had come here to do: make a speech at a conference of women entrepreneurs.

As Panama expressed its willingness to enter into a tax information exchange agreement with India, Maria Navarro’s visit is the first step.(Linkedin.com)
Updated on May 19, 2016 11:41 AM IST
Hindustan Times | By, New Delhi

RIL to withdraw arbitration, begin KG drilling

RIL and its partner BP Plc are all set to begin their next phase of expansion at the Krishna-Godavari. In April, the Mukesh Ambani-led company invited tenders for drilling and recovering gas from three deep-sea clusters off the east coast of India including the R-series, Satellite-series and MJ-1 fields.

Mukesh Ambani's RIL and its partner BP Plc are all set to begin their next phase of expansion at the Krishna-Godavari. The first step will be to drop the arbitration with the government.(Reuters file photo)
Updated on May 19, 2016 10:58 AM IST
Hindustan Times | By, New Delhi

To revive power plants govt to ink gas deals with Gulf countries

In a bid to fuel stranded gas based power projects the government is negotiating long term contracts with leading gas suppliers in the Gulf region. The plan is to enter into contracts for importing 70-80 million metric standard cubic metres (mmscmd) of natural gas through long-term contracts of 10-15 years and at affordable rates. Given the price sensitivity of fueling a power project, the government wants these long term contracts in the price range of $5 per million British thermal unit (mmBtu).

As banks continue to red-flag the power sector for escalating the NPA situation, the challenge for the government is find ways to kick-start projects stuck due to non-availability of fuel.(Reuters)
Updated on May 25, 2016 12:03 PM IST
Hindustan Times | By, New Delhi

No need for tax sops to draw funds: FM on Mauritius treaty

Jaitley explained that the Double Taxation Avoidance Convention (DTAC) was signed with Mauritius in 1983, at a time when the Indian economy was picking up and tax incentives in certain areas, such as, the Mauritius route, were needed. But 33 years later, the India story has evolved. “India is one of the most-attractive emerging markets today. So there is no need for any incentives to draw investments, they will come” the finance minister told HT.

Finance Minister Arun Jaitley says that there is no need for tax incentives to attract FDI as India is one of the most attractive emerging markets.(Hindustan Times)
Updated on May 16, 2016 10:17 AM IST
Hindustan Times | By

Gas Buzz: RIL, ONGC, Cairn line up new investments

Companies are gung-ho as operational margins will increase with drilling cost going down, while the gas produced will fetch a higher price

A deepwater gas exploration rig
Updated on May 09, 2016 11:52 AM IST
Hindustan Times | By, New Delhi

Disinvestment blues: Govt may offer PSU stake only to institutional buyers

Most of the blue-chip public sector companies (PSUs) lined up for disinvestment this year are reluctant to allow the government to reduce its stake. Stake dilutions in the past have shown that there is no retail appetite and in the run up to the disinvestment there is a significant depreciation of the share prices. So the government is now exploring the option of stake sale in selected PSUs by offering shares only to institutional investors — foreign as well as domestic — through the Institutional Placement Programme (IPP).

Finance Minister Arun Jaitley leaving from finance ministry to present the Budget. Though the Budget spells out an ambitious disinvestment target, there has been very little interest in PSU stocks.(Hindustan Times)
Updated on May 05, 2016 12:02 PM IST
Hindustan Times | By, New Delhi:

NTPC threatens to cut power supply over payment of dues by discoms

State-owned power generation company NTPC Ltd has threatened to suspend supply of electricity to Reliance Anil Dhirubhai Ambani Group-run Delhi discoms if they fail to cough up the Rs 1,300 crore dues by May 10.

NTPC Ltd has threatened to suspend supply of electricity to Reliance Anil Dhirubhai Ambani Group-run Delhi discoms if they fail to cough up the Rs 1,300 crore dues by May 10.
Updated on May 05, 2016 10:09 AM IST
By, New Delhi

India agrees to pay 1.5% interest on oil dues to Iran

India has been eyeing deeper ties with West Asian country with $20-billion (Rs 1.33 lakh crore) worth of investment being lined up in oil and gas, petrochemical and fertiliser projects there.

Iran was India’s sixth largest crude oil supplier in April-February 2015-16.(Reuters file photo)
Updated on May 04, 2016 03:07 PM IST
Hindustan Times | By, New Delhi

Power corridor of Delhi to turn energy efficient

Power minister, Piyush Goyal’s favourite one liner is “energy saved is energy generated” and keeping with this he along with Energy Efficiency Services Ltd (EESL) is turning all government offices house across the various Bhawans in Lutyen’s Delhi, energy efficient.

All government buildings in Lutyen’s Delhi inlcuding the Rashtrapati Bhawan will become energy efficient by July.(HT Archive)
Updated on May 03, 2016 11:10 AM IST
Hindustan Times | By, New Delhi

Finance ministry prepares for global rating agencies

Sovereign credit rating agencies will soon be coming to assess the performance of India’s economy, and path of fiscal consolidation. Economic affairs secretary Shaktikanta Das ensures full preparedness to meet the officials from agencies such as Fitch and Moody’s.

Economic affairs secretary Shaktikanta Das has asked officials to prepare lists of all the reforms undertaken by the government.(Vipin Kumar/Hindustan Times)
Published on Apr 28, 2016 11:59 AM IST
Hindustan Times | By, New Delhi

Lack of original documents may hit govt’s Panama probe

The government’s probe of the Panama papers expose has hit a roadblock.

A police officer stands outside Mossack Fonseca law firm, in Panama City.(AP Photo)
Updated on Apr 27, 2016 12:41 PM IST
Hindustan Times | By, New Delhi

Big B as ‘Incredible India’ ambassador? Coming soon

Bollywood superstar Amitabh Bachchan is likely to replace Aamir Khan as the brand ambassador of the ‘Incredible India’ campaign, government sources said, and added the announcement will be made in the next two days.

Bollywood actor Amitabh Bachchan speaks during a press briefing.(PTI)
Updated on Apr 26, 2016 12:49 PM IST
Hindustan Times | By, New Delhi

RBI governor Rajan among lowest paid central bank chiefs in world

Raghuram Rajan might not be the top-paid executive at RBI, but with an annual package of close to Rs 24,00,000, the Governor is woefully under-paid in comparison to his counterparts the world over.

Governor of the Reserve Bank of India Raghuram Rajan ‘s stature as one of the most respected central bankers in the world does not match his salary.(REUTERS)
Updated on Apr 25, 2016 07:20 PM IST
Hindustan Times | By, Mumbai

Cairn-Vedanta merger to go ahead if asset value is set aside in escrow a/c

Anil Agarwal’s plan to merge subsidiary Cairn India with flagship firm Vedanta Ltd, which recently hit a roadblock after the government expressed apprehensions about the proposed merger, may finally see the light of the day.

Vedanta Resources Chairman Anil Agarwal during a news conference in Mumbai.(HT File Photo)
Published on Apr 23, 2016 10:05 AM IST
Hindustan Times | By, New Delhi

Energy ffficient pumps to reduce Govt’s subsidy bill

Saving energy is the buzzword these days among consumers and policy makers, keeping that in mind power minister Piyush Goyal is all set to launch a programme to provide farmers with energy efficient pumps. These pumps will lead to national savings of Rs 20000 crore from by 2019.

Updated on Apr 07, 2016 02:52 PM IST
Hindustan Times | By, New Delhi

‘Will ensure that summer power outages are a thing of the past’ says Goyal

Summer power outages could end soon and electricity bills could come down, if all state governments adopt the Ujwal Discom Assurance Yojana or UDAY — a scheme to restructure the debt of state power utilities, minister for power, coal and renewable energy Piyush Goyal told HT in an interview.

Union minister Piyush Goyal outside of Parliament, New Delhi.(Sonu Mehta/ HT Photo)
Updated on Apr 07, 2016 04:31 PM IST
Hindustan Times | By, New Delhi

500 Indians in Panama papers leak: SIT on black money asks for report

The Special Investigation Team (SIT) on black money has directed the Enforcement Directorate, Income Tax Department and Directorate of Revenue Intelligence to look into the Panama-paper leak and present a report.

A company list showing the Mossack Fonseca law firm is pictured on a sign at the Arango Orillac Building in Panama City April 3.(REUTERS)
Updated on Apr 04, 2016 03:21 PM IST
Hindustan Times | By, New Delhi

Panama-papers: Indian agencies to wait and watch

As the world woke up to a massive financial scam that enveloped global leaders, corporates, entertainers and several heads of states, Indian financial authorities chose to remain silent on the Panama money-laundering expose on Monday.

View of a sign outside the building where Panama-based Mossack Fonseca law firm offices are placed in Panama City on April 3, 2016. A massive leak -coming from Mossack Fonseca- of 11.5 million tax documents on Sunday exposed the secret offshore dealings of the world’s rich and the famous.(AFP)
Updated on Apr 04, 2016 01:35 PM IST
Hindustan Times | ByTimsy Jaipuria & Suchetana Ray, New Delhi

Govt looking to boost made in India solar panels

In a bid to push Make in India, the government will soon announce a policy to boost end-to-end manufacturing of solar equipments like polysilicon, wafers, cells and panels.

The policy is aimed towards policy to boosting end-to-end manufacturing of solar equipments like polysilicon, wafers, cells and panels.(AFP Photo)
Updated on Apr 01, 2016 11:13 PM IST
Hindustan Times | By, New Delhi

SitOrSquat to ThinkDirty: Here are the 5 must-have apps

In today’s age of smart people and their smartphones that are overflowing with apps, how do you decide which ones to use? It’s a very difficult question. So we help you with some recommendations.

In today’s age of smart people and their smartphones that are overflowing with apps, how do you decide which ones to use? It’s a very difficult question. So we help you with some recommendations.
Updated on Apr 01, 2016 11:50 AM IST

Magazine’s up for grabs: 5 things we bet you didn’t know about Playboy

As the iconic Playboy magazine is put on the selling block, here’s a look at 5 things we bet you didn’t know about Playboy.

From Kim-Kardashian and Drew Barrymore to supermodels like Cindy Crawford and Kelly Brook some of the curviest and most sensual ladies have graced the covers of Playboy.(HT Archive)
Updated on Mar 25, 2016 04:35 PM IST
By, New Delhi

State-run oil companies to push start-ups

State-run oil companies will soon create a start-up fund to encourage innovation and entrepreneurship, minister for petroleum and natural gas.

Petroleum minister Dharmendra Pradhan wants to encourage start-ups in the oil and gas sector.(HT Archive)
Updated on Mar 23, 2016 01:22 PM IST
Hindustan Times | By, New Delhi

Hurdles in bringing Mallya back from London despite treaty with UK

India has an extradition treaty with the UK but criminal lawyer Majeed Memon said it is tough to convince British authorities that a foreigner on their soil can be considered fugitive for a financial crime he had committed in his home country.

In this file photo, Indian businessman Vijay Mallya arrives for the Indian Derby 2015 at the Mahalaxmi race course in Mumbai.(AP)
Updated on Mar 19, 2016 07:15 AM IST
Hindustan Times | By, New Delhi

Being forced to buy insurance? Regulator not keen to help

With the rise of insurance schemes available for investments, consumers are spoilt for choice but so are the evidences of wrong selling of these schemes.

The insurance sector has a long history and has developed in a certain way. The recommendations of the committee have come to us but we cannot implement sudden changes, says TS Vijayan, chairman, IRDAI.(PTI File Photo)
Published on Mar 18, 2016 09:02 AM IST
Hindustan Times | By, New Delhi

KF house auction: What’s a Rs 150 cr asset compared to Rs 7000 cr debt?

The SBI-led bank consortium is auctioning Kingfisher House in Mumbai today in a bid to recover a part of the Rs 7,000 crore debt due from the now grounded Kingfisher Airlines (KFA).

As Kingfisher House goes under the hammer in Mumbai, what are the other options that lenders have, to recover the Rs 7000 crore due from Vijay Mallya?(HT Archive)
Updated on Mar 17, 2016 02:27 PM IST
Hindustan Times | By, New Delhi

Cairn Energy Rs 28,200 crore tax case: Numbers, specifics and more

UK’s Cairn Energy Plc. on Tuesday said it has been served a tax assessment notice of Rs 28,200 crore by the income tax department for recovering alleged dues. Here’s a quick recount of what has happened in this case so far.

The demand notice to UK-based Cairn Energy is part of a tax tussle since 2014.(HT Archive)
Updated on Mar 16, 2016 12:03 PM IST
Hindustan Times | By, New Delhi
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