# New Delhi: Sharad Pawar‘s agriculture ministry approves the import of 790,000 tonnes of wheat from Australia at $390 a tonne. This works out to roughly Rs 1,600 per quintal, which is double the Rs 800 that is offered to the Indian farmer. This is $160 more than the $230 per tonne paid by the same government to import wheat from the same country last year. And this is $127 more per tonne than the $263 quoted in response to a tender floated in May this year which the same agriculture ministry deemed as too high.
# New Delhi: An empowered group of ministers (EGOM) “unanimously” agrees to allow market prices to prevail for companies investing in the oil exploration and production activity and approves the pricing formula for gas of Mukesh Ambani‘s Reliance Industries at $4.2 per mbtu (million british thermal units) as against the $4.22 per mbtu quoted by it earlier for a five-year period. The CPI(M) says the government had weakened the case of the State-owned National Thermal Power Corporation (NTPC), which is fighting a legal battle against RIL. The private firm was obligated to supply gas from KG basin at rational price of 2.34 dollars per mbtu.