RIL Current Affairs - 2019

Category Wise PDF Compilations available at This Link

RIL plans to invest $10 billion on 4G network

After winning the licence to offer 4G network in 2010, Reliance Industries Ltd. (RIL) is now planning to invest $10 billion to start its 4G network across the country.

Reliance will soon launch LTE (Long Term Evolution) network which is the faster version of the mobile Internet to offer services similar to Skype video and voice calling services (VVoIP) to its subscribers.

Infotel Broadband, has developed VoLTE (Voice-over-LTE) which will enable voice call services on its wireless broadband network. But currently the quantity of mobile devices models supporting VoLTE is extremely small. LTE phones and tablets mainly support only data transmission over an LTE modem, while voice and video are going via 2G/3G network.

Month: Categories: Business, Economy & Banking

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CAG waits for pending RIL’s KG-D6 records

The Comptroller and Auditor General (CAG) has said that it has not been provided with full access to all the documents required for the expenditure audit related to Panna-Mukta-Tapti (PMT) and KG-D6 blocks relating to expenditure for previous years up to 2011-12.

For this reason, CAG has recommended the Petroleum Ministry to examine all relevant issues carefully before considering the "desirability of any further approvals" of capital expenditure "except those of an emergent nature."

The detailed documents have been demanded as per Production Sharing Contract (PSC). RIL had objected to Performance Audit by CAG. Now, CAG is conducting only financial audit and performance audit, if it is done, will be performed by Petroleum Ministry and the Directorate General of Hydrocarbons (DGH).

Month: Categories: Places in News

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