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Poll India: 2004
Sonia will be the fourth Gandhi to be India's PM
New Delhi: Congress President Sonia Gandhi is all set to become the next Prime Minister of India when she stakes claim to form the government today. At a meeting at Sonia Gandhi's 10 Janpath residence the pre-poll allies of the Congress' and the Left parties unanimously asked Sonia Gandhi to form the next government at the Centre.

According to Congress leader Manmohan Singh, Gandhi's name for Prime Ministership was proposed by DMK chief M Karunanidhi, which was seconded by RJD President Laloo Prasad Yadav, NCP chief Sharad Pawar and all other leaders. Leaders of Samajwadi Party and RLD, which were not pre-poll allies of Congress, were also present at the meeting. Sonia Gandhi will be the family's fourth prime minister after her slain husband, Rajiv Gandhi, mother-in-law Indira Gandhi and Indira's father Jawaharlal Nehru.

14th Lok Sabha to be constituted today
The 14th Lok Sabha is expected to be constituted today through a Presidential notification. The Chief Election Commissioner T S Krishnamurthy along with the other election commissioners will call on the President to give him the list of the 539 elected members in the 545 member house.

Swadeshi sulk continues
New Delhi: Reports suggest that the Bhartiya Janata Party is debating whether it will attend the swearing-in ceremony of Sonia, which is likely to be held on Wednesday, and that a meeting of senior BJP and NDA leaders, including L K Advani, Sushma Swaraj and George Fernandes, has been called today.

Meanwhile, RSS and ex-BJP ideologue Govindacharya has now emerged from quasi retirement and plans to lead a protest march to the Rashtrapati Bhawan today, to highlight her foreign origin. Meanwhile 'Hindutva' neophyte Sushma Swaraj has already declared she would resign from the Rajya Sabha in case Sonia became the Prime Minister.

CPI to announce decision today
New Delhi: The Communist Party of India will announce today whether it is going to join the Congress led government or not. CPI leader A B Bardhan also said they would give their letter of support to the coalition today.
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RIL bags NTPC order to supply gas
New Delhi: Reliance Industries Ltd has bagged a National Thermal Power Corporation (NTPC) order to supply 3 million tonnes of natural gas per annum for the latter's proposed 1300-MW power stations at Kawas and Gandhar in Gujarat for seventeen years. Reliance, which will be supplying gas from its fields in the Krishna Godavari (KG) basin, will supply gas at a delivered total cost (inclusive of transportation, taxes and duties) of $2.97 per million British thermal units (mmbtu).

The gas price has an 85 per cent fixed component, while the remaining 15 per cent is indexed to inflation rate. This translates into a first year power generation cost of around Rs 2 per unit of electricity, with fuel comprising Rs 1 per unit. For RIL, the NTPC deal means monetising around 2.6 trillion cubic feet (tcf) gas from its KG basin field that has 15 tcf of commercially extractable gas.
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domain-B : Indian business : News Review : 17 May 2004 : general