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

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
July 16,2020

Noida, Jul 16: A key aide of 1993 Mumbai blasts case convict Abu Salem who worked in his illegal property business in NCT of Delhi has been arrested by the Special Task Force (STF) of the Uttar Pradesh police, officials said on Thursday.

Gajendra Singh, who was also close to gangster Khan Mubarak, was nabbed in Mumbai late Wednesday night by the Noida unit of the STF, they said.

"Gajendra Singh had taken Rs 1.80 crore from a Delhi-based businessman in 2014 in a property-related case. When he was pressured to return the money, Singh had Khan Mubarak's shooters open fire at the businessman in sector 18 of Noida," Additional Superintendent of Police, STF, Raj Kumar Mishra said.

The businessman was in his car when the attack took place, and he narrowly escaped, the officials said.

Mishra said Singh had paid the shooters Rs 10 lakh, and the agency has cracked the money trail of the transaction.

"Gajendra Singh also invested Abu Salem and Khan Mubarak's money into properties in Delhi-NCR," the officer added.

Singh was wanted in a couple of cases registered at a police station in Noida where he has been lodged now for further proceedings, the STF said. 

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News Network
April 13,2020

Apr 13: The Supreme Court of India has said Indian expatriates stranded abroad cannot be flown back immediately. All petitions before India's apex court which sought directions or orders to 'bring back Indians stranded in various countries abroad' has been deferred for four weeks, according to Indian media reports.

The Chief Justice of India Sharad Arvind Bobde led bench took up matters pertaining to evacuation of Indian citizens stranded abroad amid the Covid19 pandemic.
Supreme Court today deferred for 4 weeks, all the petitions before it which sought directions or orders to 'bring back Indians stranded in various countries abroad'.

A total of seven petitions seeking directions from Court on the immediate evacuation of Indian nationals from UK, US, Iran and Gulf countries were taken up simultaneously.

Bobde said, "Stay where you are. People in other countries cannot be brought back right now"

Foreigners stuck in India granted visa extension

Furthermore, the Indian Ministry of Home Affairs (MHA) has announced a visa extension for all foreigners who are stranded in in India due to ongoing travel restrictions imposed by the government.

Regular visa,e-visa or stay stipulation of such foreigners stranded in India due to travel restrictions by Indian Authorities&whose visas have expired/would be expiring between 01.02&30.04, would be extended till 30 April on gratis basis,after online application by foreigners:MHA

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Agencies
March 6,2020

New Delhi, Mar 6: After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate.

It can be noted that the bank's own net banking facilities have not been operational since last evening. Other fintech operators who rely on Yes Bank to settle their transactions are also down.  “We sincerely regret the long outage. Our partner bank (Yes Bank) was placed under moratorium by RBI. Entire team's been working all night to get services back up asap (as soon as possible),” the app's chief executive Sameer Nigam tweeted early in the morning.

PhonePe, one of the country's largest digital payment platforms, is dependent on Yes Bank to process its transactions.

He added that the app hopes to be live in a “few hours”.

Yes Bank placed under a moratorium Thursday evening, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board.

Yes Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment.

For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

He added that the app - one of the most popular interfaces for UPI transactions - hopes to be live in a “few hours”.

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