Plan to levy market rate on owners of luxury cars Faced with growing diesel consumption and rising under recoveries, the Union government on Thursday said it was working on “dual pricing of diesel” wherein luxury car owners could be asked to pay the market rate and subsidised diesel restricted to farmers and the transport sector. “These proposals are being considered by the Finance Ministry,” Petroleum and Natural Gas Minister S. Jaipal Reddy...
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How India's oil sector is mired in controversies by Ruchika Chitravanshi & Jyoti Mukul
The CBI search at V K Sibal's residence on Friday is likely to bring into the open a number of controversies that have surrounded the office of the directorate general of hydrocarbons (DGH) and the Ministry of Petroleum and Natural Gas in the two tenures of the UPA government. The searches were a tipping point in allegations against Sibal, a former director general of hydrocarbons whose tenure started in 2004 under...
More »‘PMO turned blind eye to repeated warnings' by Sujay Mehdudia
“Government can no longer convince people its hands are clean” A former Union Revenue Secretary, E.A.S. Sarma, has accused the Prime Minister's Office (PMO) of turning a “blind eye” to his repeated warnings about “alleged irregularities” committed in auditing capital costs and allowing price and other concessions to the Mukesh Ambani-owned Reliance Industries Limited (RIL) in the KG basin and Cairn India in Rajasthan. In a letter addressed to Prime Minister Manmohan...
More »Kerosene cut due to ample LPG
-The Times of India The Ministry of Petroleum and Natural Gas on Saturday said that kerosene allocation to Gujarat has been reduced, keeping in view the substantial LPG penetration in the state. Gujarat's monthly quota of kerosene for distribution under the public distribution system (PDS) has been slashed by 32.19% from 76,712 kilolitres (KL) in 2010-11 to 52,020 KL in 2011-12, effective from June 1. The state government had raised...
More »Nilekani to head task force on direct subsidies
In a move aimed at a focussed targeting of subsidies for the country's poor, the government on Monday announced the setting up of an inter-ministerial task force under Unique Identification Authority of India (UIDAI) chairman Nandan Nilekani. It will work out a suitable mechanism to provide direct subsidies on kerosene, cooking gas (LPG) and fertilizers for the intended beneficiaries. In a statement here, the Finance Ministry said the task force was set...
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