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Working towards self-sufficiency in petroleum by 2030: Veerappa Moily

[email protected] (PTI)
March 14, 2013
Veerappa_MoilyJaipur, Mar 14: The government is working towards making the country self-sufficient for its petroleum needs by 2030, Petroleum Minister M Veerappa Moily said today.
"We are working with a programme that by 2020, 50 per cent of import of petroleum should be stopped and 75 per cent imports should be stopped by 2025. By 2030, the country must become self sufficient in petroleum," he said after signing of an MoU with Hindustan Petroleum for setting up a state-of-art refinery in Barmer district of Rajasthan.
"The country has potential inside. We have dynamic professionals and we can do it. Several lakh crores of rupees we are spending on import. How we can come out of poverty if we pay such kind of money outside the country?" he said.
"The government is working with a vision so we in the 8-9 years could achieve 8 per cent growth rate and we are hopeful that the growth rate would be 10 per cent within next 2-3 years," the Minister said.

"Everybody should work for that and most importantly not in different directions. All should put efforts for industrial development, inclusive development and economic growth irrespective of party affiliation and ideology," he said.
Speaking on the refinery, Moily said it will accelerate economic development of the state and development of the region will take place after the refinery is setup, hopefully by 2016-17.
He said that remaining formalities should be completed within next 3 months so that foundation laying ceremony by the UPA Chariperson Sonia Gandhi could take place in Barmer.
The Minister also said that the refinery project will generate direct and indirect job opportunities for locals and asked the state government of Rajasthan to depute a team to work out a plan for skill development of locals so that the locals can be provided employment in the refinery once it is set up.
The refinery having a capacity of 9 MTPA will be set up with an estimated capital investment of Rs 37,320 crore for which Secretary (Petroleum and Mines) Raj Sudhansh Pant and Director (Refineries) HPCL K Murli signed the MoU at Chief Minister's office here.
Rajasthan CM Ashok Gehlot, Union MoS Petroleum Laxmi Panabaka, other public representatives and senior officials from the state government and the HPCL were present on the occasion.

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News Network
January 27,2020

Jan 27: Bidders for Air India Ltd. will need to absorb $3.26 billion of its debt, as Prime Minister Narendra Modi’s administration tries once again to sell the national carrier.

The entire company will be sold but effective control needs to stay with Indian nationals, according to preliminary terms published Monday. Bids are invited by March 17 with Ernst & Young LLP India as transaction adviser.

Air India, which started in 1932 as a mail carrier before winning commercial popularity, saw its fortunes fade with the emergence of cutthroat low-cost competition. The state-run airline has been unprofitable for over a decade and is saddled with more than $8 billion in debt.

Indian regulations allow a foreign airline to buy as much as 49% of a local carrier, while overseas investors other than airlines can buy an entire carrier. The government didn’t find a single bidder when it tried to sell Air India in 2018.

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Agencies
August 5,2020

Mumbai, Aug 5: A day after the Bihar government requested for a Central Bureau of Investigation (CBI) probe into the death of Sushant Singh Rajput, the Centre has accepted the state’s request. 

The CBI, which falls under the Union Home Ministry, will now take over the probe. Solicitor General Tushar Mehta on Wednesday stated in the apex court that the Centre has accepted the request floated by the Nitish Kumar government recommending a CBI inquiry.

A bench of Justice Hrishikesh Roy observed that truth behind the 34-year-old Rajput's death should come out. "Truth should come out so far as actor's death is concerned," the SC bench said as reported by news agency.

Meanwhile, the Supreme Court is also hearing a petition filed by model-actress Rhea Chakraborty who was in a relationship with the deceased actor. In her plea, she sought the transfer of an FIR lodged in Patna by Rajput's father, K K Singh, who had accused her of abetting his suicide.

The 34-year-old actor was found hanging from the ceiling of his apartment in suburban Bandra in Mumbai on June 14.

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News Network
March 11,2020

Mar 11: Thirteen of the 22 rebel MLAs in Madhya Pradesh have given an assurance that "they are not leaving the Congress", senior party leader Digvijaya Singh said on Thursday while expressing confidence that the Kamal Nath-led government in the state will win a floor test.

"We are not keeping quiet. We are not sleeping," Singh told PTI, a day after Congress leader from the state Jyotiraditya Scindia quit the Congress and 22 MLAs submitted their resignations from the assembly in Madhya Pradesh.

Scindia was offered the post of Madhya Pradesh deputy chief minister but wanted his nominee, Singh said. However, Kamal Nath refused to accept a "chela", he said.

Scindia, he said, could have been a Congress nominee to the Rajya Sabha but "only Modi-Shah" can give a Cabinet post to the "over-ambitious" leader.

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