New Delhi: CPI MP Gurudas Dasgupta has asked Prime Minister Manmohan Singh to intervene in a gas deal that he says deliberately favours Mukesh Ambani's Reliance Industries Limited (RIL).
Dasgputa also called for Oil Minister Veerappa Moily to step down for favouring RIL. He said if RIL's sale price of gas to the government is accepted, the government's subsidy burden would rise by Rs 36,000 crore.
He said the corresponding profit to RIL would be Rs 32,400 crores. "It is a mega scam. Our Petroleum Minister is working consistently to favour Reliance. This is helping Reliance earn massive profits and is damaging the Indian economy," he alleged.
But the government downplayed his comments. "We have not seen the proposal. When a proposal comes, it has to be approved by the Cabinet. Why is Gurudas Dasgupta jumping the gun. No decision has been made so far," said Minister of State for Personnel V Narayanasamy....
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11:23 AM, May 24, 2013
New York: Karnataka will be re-emerge as an IT superpower and will make India proud, Union Petroleum Minister Veerappa Moily has said as he accused the previous BJP govt of damaging the state's image as an investment destination. Moily, who had served as the Chief Minister of Karnataka between 1992 and 1994, was addressing Indian-Americans here through an audio link from New Delhi on Monday. This audio conference, organised by...
02:50 PM, May 14, 2013
Bangalore: Karnataka may get the name of its new Chief Minister on Friday and the Congress legislature party is meeting on to decide who will lead the government. An AICC observer team led by AK Antony is in Bangalore for the meeting. The Congress leaders are consulting MLAs even as several aspirants throw their hat in the ring. While frontrunner Siddarmaiah has sought an appointment with UPA Chairperson Sonia Gandhi,...
11:57 AM, May 10, 2013
Having undergone the nightmare of bad governance, non-development and anti-social justice programme, people in Karnataka are looking for a change from the BJP government and the only alternative is Congress, said Congress leader and Petroleum and Natural Gas Minister Veerappa Moily. "The Congress will emerge with a clean mandate for five years," he added. ...
11:56 AM, May 05, 2013
New Delhi: The government plans to provide subsidy to 14 crore LPG subscribers directly in their bank accounts from October 1, using the Aadhaar payment platform. The government, official sources said, has decided to launch "Direct Benefit Transfer (DBT) for LPG throughout the country tentatively from October 1". "This (transfer of LPG subsidy) would require a much larger number of beneficiaries to be covered for opening of bank accounts and...
12:41 PM, Apr 28, 2013
Bangalore: Petroleum Minister M Veerappa Moily on Friday said the Congress would not protect anybody and the law would take its own course on senior party leader Jagdish Tytler in the 1984 anti-Sikh riots case. "Our heart goes out to the victims. We are not here to protect anybody. The law will take its own course," Moily said, while noting that the Congress leadership had owned up 'moral responsibility' as...
02:40 PM, Apr 12, 2013
The Cabinet will take up the crucial shale gas exploration policy in two weeks, Petroleum Minister M Veerappa Moily said Sunday. ...
06:40 PM, Mar 24, 2013
In the eye of a storm over his family-owned trust allegedly receiving grants from corporates, Oil Minister M Veerappa Moily on said he had at no point extended any help or favour to any company for seeking aid. ...
04:20 PM, Mar 20, 2013
Oil Minister M Veerappa Moily on Monday ruled out a rollback in the Rs 1.50 a litre hike in petrol and 45 paisa per litre increase in diesel rates saying only a small raise has been passed on to consumers. ...
07:20 PM, Feb 18, 2013
Fearing oil refineries will be hit hard by the Finance Ministry's move to change the way petrol and diesel are priced, Oil Minister M Veerappa Moily has asked Prime Minister Manmohan Singh to constitute an expert committee to decide on the issue. The Finance Ministry has informed the Petroleum Ministry that auto fuel needs to be priced at export parity rather than import parity as the 2.5 per cent customs...
11:05 AM, Feb 03, 2013
Diesel prices set to go up monthly after the government decided to withdraw diesel subsidy. Oil companies say they will increase the price of diesel by 40 to 50 paise per litre every month. ...
02:22 PM, Feb 01, 2013
The government had no alternative but to decontrol the diesel prices as the country can "ill-afford" the economic crisis several European nations are going through, Congress leader Digvijay Singh said on Saturday. "In the wake of burgeoning oil subsidy, the government was forced to go in for the measure as the country could ill-afford an economic crisis, which was witnessed by the US and several European countries," the Congress general...
10:26 PM, Jan 19, 2013
It appears that partial deregulation of diesel is here to stay, and Oil Minister Veerappa Moily has ruled out the possibility of a rollback in diesel prices. ...
12:21 PM, Jan 19, 2013
The government on Thursday took the first major step towards the deregulation of diesel prices saying oil companies will be allowed to decide the prices and hike the prices in small amounts from time to time. ...
08:03 AM, Jan 18, 2013
The BJP on Thursday criticised the government's decision to allow oil marketing companies to hike diesel rates and demanded its rollback, saying it will have a cascading effect on prices. The opposition party also termed the raising of cap on LPG cylinders from six to nine as a "farce". ...
05:39 PM, Jan 17, 2013
The government on Thursday took the first step towards diesel decontrol and allowed the oil companies to raise prices from time to time, but kept the mechanism to be followed unclear. ...
04:42 PM, Jan 17, 2013
The Cabinet on Thursday refused to take a call on increasing the prices of diesel, kerosene and LPG and instead put the onus of oil marketing companies to decide on diesel price from time to time. ...
01:31 PM, Jan 17, 2013
The Union Cabinet will take a decision on increasing diesel and LPG prices on Thursday. Diesel prices may be hiked by Rs 4.50 per litre. The Petroleum Ministry has proposed to increase diesel, kerosene and cooking gas rates. ...
11:56 AM, Jan 17, 2013
The government is "seriously" considering revising rates of LPG and diesel prices but no decision has been taken as yet, Oil Minister M Veerappa Moily said on Wednesday. "All price hike or price reduction...proposals are under serious consideration. We have not taken any decision," he told reporters in the national capital. ...
01:10 PM, Jan 16, 2013
Petroleum And Natural Gas Minister Veerappa Moily Moily on Friday hinted that a hike in diesel and LPG prices could be announced soon. Moily said that the Kelkar Committee recommendations were under consideration and a decision will be taken as quickly as possible on fuel price hike. ...
04:17 PM, Jan 11, 2013
