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English Release 21-August 2014
Date Month Year
  • President's Secretariat
  • Rashtrapati Bhavan’s ‘In-Residence Programme’ to feature two artists and two writers in September 2014
  • Prime Minister's Office
  • PM at Nagpur
  • PM at Mouda, Maharashtra
  • PM at Ranchi
  • Cabinet Committee on Economic Affairs (CCEA)
  • Revision of Rates of Royalty and Dead Rent in respect of certain minerals (other than minor minerals, coal, lignite and sand for stowing)
  • Ministry of Finance
  • Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
  • Text of the Speech of the Union Finance and Defence Minister
  • Min of Health and Family Welfare
  • Government considering national, regional dental hospitals
  • Min of Home Affairs
  • DG, Border Guards Bangladesh calls on Union Home Minister
  • Home Minister to Review Flood Situation in Uttar Pradesh
  • Min of Mines
  • Revision of Rates of Royalty and Dead Rent in respect of certain minerals (other than minor minerals, coal, lignite and sand for stowing)
  • Min of Minority Affairs
  • 15- Member Delegation from Ladakh Calls on Dr. Najma A. Heptulla
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket increased to US$ 100.32 per bbl on 20.08.2014
  • Min of Power
  • Prime Minister Dedicates to the Nation Mouda Super Thermal Power Project Stage-I (1000 MW)
  • Prime Minister dedicates 765 kV Ranchi-Dharamjaygarh-Sipat transmission line ; Initiates Commencement of work on 3x660 MW North Karanpura Super Thermal Power Project
  • Ministry of Railways
  • Commodity-Wise Freight Revenue Earnings of Railways goes up by 14.72 per cent during the Month of July 2014 & 9.30 per cent during April-July 2014
  • Min of Social Justice & Empowerment
  • Minister for SJE reviews the implementation of Prohibition of Employment as Manual Scavengers and their Rehabilitation Act, 2013
  • Ministry of Tourism
  • India’s Tourism Sector resolves to Co-Create, Collaborate and Co-achieve
  • Full text of the Resolution adopted at the Second National Conference of Tourism Ministers
  • Full text of the speech of the Union Tourism and Culture Minister Shri Shripad Yesso Naik at the inaugural session of the State Tourism Ministers’ Conference
  • Ministry of Water Resources
  • Ministries of Water Resources and Environment & Forests to Work in Close Tandem for Ganga Rejuvenation
  • Min of Youth Affairs & Sports
  • National Sports Awards – 2014

Previous Date

 
Ministry of Petroleum & Natural Gas29-October, 2012 17:35 IST
Shri Veerappa Moily Assumes Charge as New Petroleum Minister
Working towards providing energy security to the People of the country is my priority : Moily

Dr. (Shri) M. Veerappa Moily assumed office as new Minister of Petroleum and Natural Gas, here today. He was earlier Minister of Power and Corporate Affairs. Outlining his priorities on the occasion, Shri Moily said that he would work towards providing energy security to the people of India. Bridging the gap in per capita consumption of petroleum products between the global average and bringing it up to a decent level of around 6 barrels/person/year from the present level of 3 barrels is a huge task, he added.

Shri Moily also said that his priorities include intensifying the pace of domestic exploration & production of crude oil & natural gas through new policy initiatives. He emphasised that our oil companies, at the same time will be encouraged to aggressively acquire assets abroad in the interest of energy security.

Elaborating his priorities further, the Minister called for expediting development of oil & gas infrastructure and ensuring availability of sensitive petroleum products, namely Diesel, PDS Kerosene and Domestic LPG at reasonable prices. He also said that efforts will be expedited in channelizing subsidy to the targeted beneficiaries (Direct Cash Transfer). The Minister said that Oil Marketing Companies (OMCs) are incurring high under-recoveries an these sensitive products which present ly come Rs 433 core per day. At this rate, OMCs are expected incur an under-recovery of Rs 1, 63,000 crore this fiscal as compared to Rs 1, 38,500 last year (2011-12). Whereas, about Rs. 60,000 crores of under-recoveries during the current year are likely to be borne by the upstream companies (ONGC, OIL and GAIL), efforts will be made to persuade the Ministry of Finance to compensate the balance under-recoveries, he said.

Shri Moily also referred to encouraging use of natural gas and ensuring upgradation of gas infrastructure in terms of LNG terminals and pipelines. His priorities include Oil PSUs preparing concrete action plans to achieve planned investment of over Rs 4, 50,000 crore during XIIth Five Year Plan, conservation of petroleum products, extension of BS-IV petrol-diesel to major cities, enhancing service standards by OMCs to maximize consumer satisfaction, etc.

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RCJ/RKS
(Release ID :88686)

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