Niira Radia: Hello
Manoj Warrier: HaaN
Niira Radia: Manu?
Manoj Warrier: Hello
R: Haan Manoj
Manoj Warrier: The finance ministry apparently has told ET that there is no benefit for RIL. It will be only from (not clear)
Niira Radia: Haan?
Manoj Warrier: The finance ministry has told ET that there is no benefit for RIL. This will be only applicable for future NELP blocks.
[ Silence for some time.]
Niira Radia: So?
Manoj Warrier: So, kutch nahii….(not clear)
Niira Radia: Hmm..
Manoj Warrier: (remains silent)
Niira Radia: to achhi bath hai naa. tumhe to court mai help karegaa
Manoj Warrier: Haan
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Niira Radia: to unka 20000 crore argument will get thrown out, na?
Manoj Warrier: No, that 20000 was for the pipe line..it was not for the (stops)
(speaks on another call?)
Niira Radia: Venkat?
Niira Radia: Venkat, MDA is there?
Niira Radia: Call me back, please..ok..thanks..fine phone call gets cut off)
Niira Radia: Haan..kya?
Manoj Warrier: No, 20,000 was for the pipe line.
Niira Radia: Haan, but pipeline is what? Separate, is it?
Manoj Warrier: Yeah, Yeah, separate.
Niira Radia: So what is this for 80, 80, 81 V?
Manoj Warrier: Ya. Do you remember that story had come about mineral oil and the definition of mineral oil — did not include natural gas — that was done in 2007. That Mineral Oil Bill only being oil and petroleum products not natural gas. They wanted a clarification that it includes natural gas so that the 7 year tax holiday could be availed of. But apparently ministry now has told ET that it is not — RIL will not get any benefit– it will be from the future NELP blocks, that is NELP 8.
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Niira Radia: Who has told, finance ministry or finance minister?
Manoj Warrier: Finance Ministry (with stress)
Niira Radia: Ministry (with stress)
Manoj Warrier: Yeah
Niira Radia: Aha…(pauses) So such news is good for you right now, na?
Manoj Warrier: (silent)
Niira Radia: tumne bola paanch sector ka 50,000 crore benefit milegaa?
Manoj Warrier: ha, bola to thaa
Niira Radia: chori chori..
Manoj Warrier: Ha But I don’t think that anyone is doing 20000 ka story.. to phirse ye udega..20000 ki…50000 crore fix kar denge..
Niira Radia: Nahi, are they doing the story that Reliance will not get any benefit?
Manoj Warrier: Sorry?
Niira Radia: Are they doing the story that Reliance will not get any benefit?
Manoj Warrier: Haan, currently they are doing that story
Niira Radia: So what they are saying that it is not in a prospective basis ..not.. it is only valid from future NELPs
Manoj Warrier: NELP-8 NELP- 8
Niira Radia: Haan?
Manoj Warrier: It will be applicable from NELP- 8
Niira Radia: NELP- 8
Manoj Warrier: Yeah
Niira Radia: Ok.
Transcribed by Chitra, checked and filled in by Monica, and then cross-checked by OL
