Stating that the decision to almost double pricing of natural gas is influenced by economic reality of the country, Finance Minister P Chidambaram said that declining and stagnant production of gas is not good for the economy.

"Decline in domestic production is resulting in rise in import of LNG, we have to produce more gas," he said.

According to Chidambaram, domestic gas production will go up if investments are made. "Currently, no investment is made," he added. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.