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 was there was "fear or anxiety" over undertaking large-scale oil exploration as there was "obstruction" to it. He said India was spending between Rs 7 lakh crore to Rs 8 lakh crore annually to import oil and if this continues, economy would be severely hit.
On Friday, Moily had told reporters in New Delhi that "every minister who is occupying this (petroleum) position is threatened. There is bureaucratic delay and obstruction and also other lobbies that don't want us to stop imports".
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09:20 PM, Jun 15, 2013
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 the import lobby. The decision making power, the decision making process is obstructed and aborted. But, I cannot be threatened,"...
02:50 PM, Jun 14, 2013
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. The major challenge faced by the government in this task was to arrive at a compromise pricing between what the...
04:06 AM, Jun 13, 2013
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 impress upon New Delhi to raise oil purchases, which were cut to 13.3 million tons in 2012-13 from 18 million...
10:58 AM, May 28, 2013
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 member of parliament Gurudas Dasgupta. "The proposed pricing guidelines shall be equally applicable to both the private and public sector...
05:56 AM, May 25, 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
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
Supreme Court on Wednesday cited Devinder Pal Singh Bhullar case and extended the stay on the execution of four aides of the infamous forest brigand Veerappan "till further orders". The apex court also adjourned the matter for six weeks. ...
11:44 AM, Feb 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
Former Tamil Nadu chief minister and DMK chief M Karunanidhi on Monday called for the abolition of death penalty. The leader issued a statement saying had the long-pending demand for the abolition of death penalty been obliged, executions happening now could have been avoided. ...
05:35 PM, Feb 18, 2013
Supreme Court on Monday stayed the execution of four aides of the infamous forest brigand Veerappan, who were on death row, till Wednesday. The four associates had approached the apex court seeking commutation of their death sentences. ...
12:09 PM, Feb 18, 2013
Four aides of the infamous forest brigand Veerappan on death row are likely to approach the Supreme Court seeking their death sentences to be commuted. The court had last weekend refused to hear an urgent plea from them. ...
08:15 AM, Feb 18, 2013
Uncertainty remains over the fate of four associates of infamous forest brigand Veerappan on death row after their mercy plea was rejected by President Pranab Mukherjee as well as the Supreme Court. The apex court on Saturday refused to admit their petition amidst speculation that they may be hanged soon. ...
09:59 AM, Feb 17, 2013
The Supreme Court on Saturday declined to hear the review plea filed by the four associates of infamous forest brigand Veerappan against their death penalty. The SC, while rejecting the plea, said there was no proof the hanging would take place on Sunday. ...
08:44 PM, Feb 16, 2013
The four associates of infamous forest brigand Veerappan have moved the Supreme Court against death penalty. The four were sentenced to death for a landmine blast that killed 21 people in Palar, Karnataka, in 1993. Recently, President Pranab Mukherjee had rejected their mercy pleas. ...
06:39 PM, Feb 16, 2013
President Pranab Mukherjee has rejected the mercy pleas of four associates - Gnanprakasham, Simon, Meesekar Madaiah and Bilavendran - of the infamous forest brigand Veerappan. ...
05:03 PM, Feb 13, 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
