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Striking a Deal with Qatar is in Best Interest of India to Get Benefit

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Seven out of 67 coal mines auctioned and allotted recently have begun operations while the remaining blocks are at various stages of development, government said today. 

Source: ET

SNP Insight

The high gas pricing of long term contract with Qatar over the spot market pricing deny the benefit of to India. So, looking at the present scenario of falling gas price in international market, it is India’s best interest to take diplomatic route to strike a common ground to modify the old contact terms to avail the benefits. If India able to get a fair deal from Qatar on gas price then it’ll help the gas importing companies, power and fertilizer companies in a big way . Also this will reduce the external spending of the country and help in reduce the fiscal deficit. And this may give positive boost to the economy of India.
Source: SNP Infra Research