Power tariff plan

New Delhi, July 1: The government is re-evaluating the provisions of the national power tariff policy. It may make necessary amendments to ensure that open-access cross-subsidy surcharge is set according to each state. ?The power ministry, along with the Planning Commission, is studying the tariff policy and very soon we might come out with a revised version,? power secretary R.V. Shahi said today. He, however, refused to state a time frame for the announcement of the revised policy.

Inflation watch

Mumbai, July 1: According to current indications, it is still possible to contain inflation within 5 and 5.5 per cent, said RBI governor Y.V. Reddy. However, greater vigilance is required to ensure price stability, he added. In the last few weeks, higher prices of pulses, fruits, vegetables and some fuels have driven up inflation.

Company law

New Delhi, July 1: The government has said the bill to replace the existing company law will be introduced in the winter session of Parliament, while the bill on partnership will be introduced in the monsoon session.

RNRL move

Mumbai, July 1: Reliance Natural Resources (RNRL) has decided to revise the premium on its $300-million foreign currency convertible bonds to 30 per cent from 20 per cent.

Essar oil

Mumbai, July 1: One of Essar Oil?s promoter group companies has acquired a 67.22 per cent stake in it through the purchase of 47.61 lakh global depository shares (GDS). The GDS ? which represent 72.84 crore underlying equity shares lying with its depository, Bank of New York ? have been purchased by Vadinar Oil.