Gujarat to get most of RIL gas
New Delhi: Reliance Industries (RIL), set to grab almost a 50 pc share of the country's gas market from mid-June 2008, is giving final touches to its marketing plans. Gujarat, where RIL's own refinery is located, is expected to get the maximum share of gas at 25 mmscmd while Maharashtra follows closely and is expected to corner another 20 mmscmd. Andhra Pradesh would get 15-20 mmscmd, while Reliance National Resources' (RNRL) Dadri plant is expected to get 18 mmscmd.

The draft allocation plan includes RNRL as one of the key customers for the KG basin gas though it remains to be seen at what price RNRL finally gets the gas for the Dadri power project. Indications are that it may have to shell out $3.5-4 per mmbtu if the contract was to be comparable to others in the region.
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Govt direct tax revenues rise 40 pc
New Delhi: The Government has collected Rs99,935 crore from direct taxes during April-November this year, up 40.28 per cent over Rs71,237 crore in the corresponding period of the previous fiscal.

Income tax collections, including those from FBT, BCTT, STT, recorded a 28.7 per cent rise at Rs40,920 crore during the first eight months of this fiscal against Rs31,799 crore during the period, finance ministry sources said.

Increasing economic activity fetched the Government 49.6 per cent more revenue from corporation tax at Rs59,015 crore against Rs39,438 crore over the period, sources said.

The finance ministry officials attributed the buoyant direct tax collections to the overall economic scenario, besides strict enforcement by tax authorities.
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