Moily

  • Rupee fall, oil price hike will result in Rs 1,80,000 crore loss: Moily 31-08-2013 03:25 PM

    New Delhi: Battling double whammy of dipping rupee and surging global oil rates, Oil Minister M Veerappa Moily has written to Prime Minister Manmohan Singh saying without corrective steps losses on sale of subsidised fuel sales will rise to unprecedented Rs 1,80,000 crore. In a detailed note, Moily told the...
  • Moily meets Chidambaram to discuss ways to cut oil import bill 29-08-2013 05:38 PM

    With fall in rupee value and the Syrian crisis ballooning oil import bill, Petroleum Minister M Veerappa Moily on Thursday met Finance Minister P Chidambaram to discuss possible solutions including Rs 3-4 per litre hike in diesel prices and cut in duties. The over 20 per cent rupee depreciation this...
  • PM seeks USD 25 billion cut in oil import bill to narrow current account deficit 27-08-2013 07:43 PM

    Prime Minister Manmohan Singh has sought USD 25 billion cut in oil import bill to narrow current account deficit, Oil Minister M Veerappa Moily on Tuesday said. India, which paid about USD 170 billion last fiscal for importing oil, is renewing imports of the fuel from Iran as unlike imports...
  • Veerappa Moily hails Congress victory in Karnataka by-polls 24-08-2013 07:06 PM

    Oil Minister M Veerappa Moily on Saturday hailed Congress' thumping victory in by-polls for two Lok Sabha seats in Karnataka as a big game changer ahead of general elections. Congress dealt a big blow to the JDS in its heartland when it wrested the Mandya and Bangalore Rural seats from...
  • YSR Congress President to go on indefinite fast on Telangana issue 19-08-2013 10:50 AM

    Vijayawada: YSR Congress honorary President YS Vijayalakshmi is set go on an indefinite fast on Monday in Guntur seeking justice for Seemandhra over the Telangana issue. Vijayamma had earlier planned to undertake the fast in Vijayawada. However, since the police authorities did not give permission to the party saying that...
  • Cong leaders from Telangana to meet AK Antony Committee 18-08-2013 10:20 PM

    Hyderabad: Andhra Pradesh ministers, ruling Congress MLAs, MLCs and other Congress party leaders from the Telangana region will meet the AK Antony-led committee on Monday. "We will meet the AK Antony Committee. We will give our views on issues like river water sharing and Hyderabad. We want the Congress Working...
  • First unit of Paradip Refinery to be ready by Dec, claims IOC 15-08-2013 08:06 PM

    Country's largest oil marketer Indian Oil Corporation has said the first unit of its Rs 30,000-crore Paradip refinery will be ready by the end of the year. "We are confident of completing the work on the first unit of the Paradip refinery by the end of December and the remaining...
  • Will resign if charges of shifting official proved right: Moily 13-08-2013 06:38 PM

    Strongly refuting charges of transferring an officer for being tough on Reliance Industries, Oil Minister M Veerappa Moily on Tuesday said he will resign if even an iota of evidence was produced against him. Moily said Giridhar Aramane, Joint Secretary in his ministry, has not been transferred as is being...
  • Moily transferred officer for raising queries over gas pricing: CPI 13-08-2013 12:55 PM

    New Delhi: CPI leader Gurudas Dasgupta has claimed that a senior Petroleum Ministry officer was transferred by Minister M Veerappa Moily over the recent gas price hike issue. Dasgupta made these claims in a letter to the PM Manmohan Singh saying that Moily decided to get rid of bureaucrats who...
  • 9 Seemandhra MPs who resigned over Telangana to meet Moily today 08-08-2013 10:52 AM

    New Delhi: Nine Seemandhra MPs who gave their resignations following the decision on Telangana will meet Petroleum Minister Veerappa Moily on Thursday. Moily is part of a four-member committee set up by the Congress to address the Seemandhra MPs concerns. The party High Command has, however, stated that there is...
  • Cong sets up 4-member committee to address concerns of Seemandhra MPs 07-08-2013 04:25 PM

    New Delhi: As protests over Telangana intensify, the Congress on Wednesday set up a four-member committee to address concerns of party MPs from Seemandhra region of Andhra Pradesh. The four-member committee includes Congress General Secretary Digvijaya Singh, Congress President Sonia Gandhi's political secretary Ahmed Patel, Petroleum Minister Veerappa Moily and...
  • Moily urged to arrange finance to restore Kedarnath temple 28-07-2013 05:43 PM

    Konark: Union Culture Minister Chandresh Kumari Katoch on Sunday urged Petroleum Minister M Veerapa Moily to arrange finance for restoring the badly damaged Kedarnath temple in Uttarakhand. "The Kedarnath temple is in danger and in a very bad shape. Take this up as a major project and arrange finance for...
  • Joshi, Maken in Rahul's high-power coordination committee 23-07-2013 09:22 PM

    New Delhi: Congress on Tuesday brought in senior leaders C P Joshi and Ajay Maken into the party's high-power coordination committee headed by Rahul Gandhi for the 2014 Lok Sabha polls. With their addition, the number of members of the committee, set up in November 2012, has gone up to...
  • Moily says no rethink on gas price hike decision 11-07-2013 05:46 PM

    New Delhi: Amidst Finance Ministry raising prospects of forcing Reliance Industries to sell gas at old price of $4.2, Oil Minister M Veerappa Moily on Thursday said there was no rethinking in the government on the decision to double gas rates from April 1, 2014. "There is no thinking on...
  • Decision on Telangana issue is in final stage: Digvijaya Singh 01-07-2013 09:14 PM

    Hyderabad: The process of taking a decision on the protracted Telangana issue is in the final stage, Congress General Secretary Digvijay Singh said on Monday. Singh, who was last month appointed in-charge of Congress affairs in Andhra Pradesh, told reporters that Chief Minister N Kiran Kumar Reddy, APCC President B...
  • Diesel prices hiked by 50 paise per litre 01-07-2013 06:50 PM

    New Delhi: Diesel prices have been hiked by 50 paisa per litre, excluding VAT, with effect from Monday midnight. This is the fifth increase in diesel rates in 2013. Diesel in Delhi will cost Rs 50.84 per litre from Tuesday as against Rs 50.26 currently. Oil firms on Saturday hiked...
  • Govt approves near doubling of natural gas price from April 2014 27-06-2013 09:08 PM

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved gas price hike from April 2014, a move which will result in rise in power tariff, urea cost and CNG prices. The CCEA which approved Rangarajan formula for gas pricing will be valid for five years. Gas prices...
  • Cabinet to consider natural gas price hike on Friday 20-06-2013 08:30 PM

    New Delhi: A proposal for across-the-board hike in natural gas prices will go before the Cabinet tomorrow after key ministries of finance and fertiliser have endorsed the plan to raise the rates by 60 per cent. While the Oil Ministry on Wednesday moved a note for raising gas prices to...
  • Moily retracts statement on threat from import lobby 15-06-2013 09:20 PM

    Bangalore: Petroleum Minister M Veerappa Moily Saturday denied he had said that he faced a threat personally from oil import lobbies. "I did not say that. My statement has been confused by media," he told reporters on the margins of a function in Bangalore. Moily said what he had stated...
  • Moily hits out at oil lobbies, says they threaten petroleum ministers 14-06-2013 02:50 PM

    New Delhi: Petroleum Minister Veerappa Moily spoke against those opposing the government's move to put in place a new pricing regime for natural gas produced from domestic fields. Moily hit out at oil import lobbies saying they threaten all oil ministers. "Every minister who occupies this position is threatened by...
  • Government working to make LNG cheaper fuel option: Moily 13-06-2013 04:06 AM

    New Delhi: The government is working to make liquefied natural gas (LNG) a comparably cheaper fuel option and achieve energy security by 2030. "Making LNG a cheaper fuel option is a great task," Petroleum Minister M Veerappa Moily said at the third IEF NOC-IOC forum currently underway in New Delhi....
  • Iran offers oilfield to India on lucrative terms 28-05-2013 10:58 AM

    New Delhi: Rattled by India's sharp cut in purchase of its oil, Iran has offered oilfields on lucrative terms, routing gas pipeline through sea to avoid Pakistan and insurance to refiners provided New Delhi raised oil imports. Iran mounted a high-level delegation led by its Oil Minister Rostam Ghasemi to...
  • Moily refutes charges of favouring RIL on gas price 25-05-2013 05:56 AM

    New Delhi: Petroleum Minister M Veerappa Moily on Friday refuted allegations of government favouring Reliance Industries (RIL) as "malicious" and said the proposed revision in natural gas price would apply to all companies. The allegations of favouring RIL were made in Delhi at a press conference on Thursday by CPI...
  • 'Gas deal a mega scam, favours Ambani's RIL' 24-05-2013 11:23 AM

    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...
  • Cong will amend BJP's misrule in Karnataka: Moily 14-05-2013 02:50 PM

    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...
  • K'taka CM post still vacant; senior Cong leaders consult MPs 10-05-2013 11:57 AM

    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...
  • Karnataka polls: People want change from BJP, says Moily 05-05-2013 11:56 AM

    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...
  • LPG subsidy directly in bank accounts from October 1 28-04-2013 12:41 PM

    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...
  • Jagdish Tytler case: Congress will not protect anyone, says Moily 12-04-2013 02:40 PM

    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...