Bangalore: Admitting that the decision to limit supply of subsidised cooking gas (LPG) cylinders to six a year has caused hardships, Petroleum Minister M Veerappa Moily on Friday said it is for the public sector oil firms to take a call on raising the cap. Moily, who earlier this week took over as the Oil Minister, said there have been demands from within the Congress as well as from Opposition...
09:10 PM, Nov 02, 2012
New Delhi: The Comptroller and Auditor General (CAG) has pulled up the Union Oil Ministry for agreeing to the conditions of Reliance Industries Limited (RIL) for the audit of KG-D6 basin. According to sources, the auditing body told the Ministry that it should have been consulted before assuring the company. The CAG further refused to accept all the conditions that were laid out by Reliance Industries Limited for audit. Sources...
08:36 PM, Nov 02, 2012
New Delhi: New oil minister Veerappa Moily has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand. Moily was appointed as the country's new Petroleum and Natural Gas Minister, replacing Jaipal Reddy, as part of a broader cabinet reshuffle unveiled on Sunday. Moily said his ministry would...
03:50 PM, Oct 29, 2012
New Delhi: Stepping into a ministry that had in recent times was seen as indecisive, the new Petroleum Minister M Veerappa Moily on Monday promised quick decisions and creating an environment conducive for investment to flow in. Moily, 72, who replaced S Jaipal Reddy, said his priority would be to intensify domestic oil and gas exploration to reduce import dependence that had played havoc with inflation. "Emphasis will be on...
02:09 PM, Oct 29, 2012
New Delhi: Prime Minister Manmohan Singh's new team assumed charge on Monday after 22 ministers, including 17 new faces, were sworn in the biggest reshuffle of Council of Ministers on Sunday. The new ministers are expected to give a firm push to the reforms agenda and help counter the government's image of being soft on corruption. The young brigade in the Council of Ministers is close to Rahul Gandhi even...
12:43 PM, Oct 29, 2012
New Delhi: Prime Minister Manmohan Singh's new team assumed charge on Monday after 22 ministers, including 17 new faces, were sworn in on Sunday. Jyotiraditya Scindia took charge as the Minister of State for Power. He was first elected to the Lok Sabha from Guna in Madhya Pradesh in 2002. He was appointed the Minister of State for Commerce in 2009. D Purandeswari also took charge on Monday. She was...
11:32 AM, Oct 29, 2012
New Delhi: Prime Minister Manmohan Singh's imprint on the Sunday reshuffle in the Council of Ministers is evident with several leaders who are in favour of more economic reforms now a part of his new core team. In the biggest reshuffle of the Congress-led United Progressive Alliance Cabinet, Manmohan Singh inducted 17 new faces and a total of 22 ministers giving several new and young faces a chance to prove...
09:37 AM, Oct 29, 2012
New Delhi: Amid allegations of dubious funding into the companies of Bharatiya Janata Party (BJP) chief Nitin Gadkari, the Corporate Affairs Ministry on Thursday said it is looking into the investments made in his company. "The matter is being looked into," a senior Corporate Affairs Ministry official said. He was responding to a query on whether the Ministry has started probe into allegations of dubious funding into Gadkari's company. Embarrassing...
01:50 PM, Oct 25, 2012
New Delhi: The Congress has refuted allegations of maintaining silence on charges against BJP President Nitin Gadkari. The Congress has demanded an inquiry into the shell companies and the government has promised to dig deeper into Gadkari's businesses. Reacting to the fresh allegations, Union Minister Veerappa Moily said, "I have heard about the allegations, shall look into the allegations to see whether books are in order. I have asked secretary...
12:00 PM, Oct 23, 2012
Mangalore: The charges levelled by activist Arvind Kejriwal against Congress president Sonia Gandhi's son-in-law Robert Vadra over his business dealings with DLF were "politically motivated", Union Minister M Veerappa Moily on Sunday alleged. The Union Corporate Affairs Minister also alleged that the IAC activist was trying to tarnish the Congress's image. "Allegations against Vadra of getting favours from DLF are politically motivated and Kejriwal is trying to tarnish the Congress...
07:02 PM, Oct 14, 2012
New Delhi: Fiscal reforms alone are not enough for Indian economic growth and human resources and government reforms also have to play a part, Corporate Affairs Minister M Veerappa Moily said on Wednesday. "Fiscal reforms alone are not enough. Process reforms, human resource reforms and government reforms are equally important for the economic growth of the country," he said. Moily was speaking at a seminar here on 'Global Management Education:...
04:42 AM, Oct 11, 2012
New Delhi: Corporate Affairs Minister Veerappa Moily on Tuesday said that the government did not find any violations in the business deals between Sonia Gandhis son-in-law Robert Vadra and real-estate major DLF. "No violations found In DLF-Robert Vadra Issue. We checked into 6 companies where Vadra has stakes, prima facie nothing wrong," he said. Meanwhile, anti-corruption activist and India Against Corruption (IAC) member Arvind Kejriwal, who accused Vadra of getting...
04:48 PM, Oct 09, 2012
New Delhi: Put your house in order first - that's the message that Power Minister Veerappa Moily sent to the power companies on Tuesday when he said that the debt restructuring package announced by the government to bail them out would be performance-linked. "We want to ensure they don't go into debt trap again. The package is performance-linked. States discoms need to come up with a concrete plan to improve...
03:23 PM, Sep 25, 2012
Mumbai: The Comptroller & Auditor General (CAG) report on coal block allocation will have no impact on the power sector, Union Power Minister M Veerappa Moily said in Mumbai on Tuesday. The Central auditor's assessment of notional loss of Rs 1.86 trillion and holding the UPA government responsible for the same is not right as the Coal Ministry took the decision in accordance with the law, he told reporters on...
09:27 PM, Sep 18, 2012
Power Minister Veerappa Moily has ruled out a rollback citing the compulsion of rising crude prices. ...
03:35 PM, Sep 18, 2012
Shillong/Guwahati: The UPA government will not succumb to West Bengal Chief Minister Mamata Banerjee over the issue of FDI in multi-brand retail, central Power Minister M Veerappa Moily said on Monday. "It is not a question of succumbing to this and that. We are living with our democracy and no one can stop us now," Moily told journalists in the Meghalaya capital. "It (Foreign Direct Investment in multi-brand retail) is...
01:23 AM, Sep 18, 2012
Bangalore: Defending Prime Minister Manmohan Singh, Corporate Affairs and Power Minister M Veerappa Moily on Saturday said it was "unfair" to hold him responsible for 'coalgate' as it was a collective decision of the Screening Committee to allocate coal blocks. "The applications for coal block allocations were examined and evaluated by a broad-based Steering Committee with representatives from state governments, related ministries of the central government and coal companies. "That...
02:34 AM, Sep 09, 2012
Khandwa: Power minister Veerappa Moily on Friday met NHPC officials to discuss the Omkareshwar project in Khandwa. CNN-IBN had highlighted the protests by locals against the 520 MW plant which is a joint venture between NHPC and the Madhya Pradesh government. The villagers are against raising the height of the Omkareshwar Dam as heavy rainfall has brought life to a standstill in the region. The Narmada river on which the...
05:17 PM, Sep 07, 2012
New Delhi: Amid the political logjam over coal allocation controversy, Corporate Affairs Minister Veerappa Moily on Monday said that it is not the duty of the Comptroller and Auditor General (CAG) to estimate losses. "I am not blaming them (auditors). Quantifying the loss is not their duty. Pointing out whether due diligence is taken, appropriate procedures have been processed and if there is any lapse on that part, that they...
01:48 AM, Sep 04, 2012
