Comptroller and Auditor General Vinod Rai on Monday briefed the Public Accounts Committee about his report in the 2G spectrum allocation. His report on a presumptive loss of Rs 1.76 lakh crore in 2G spectrum allocation had created a storm in Parliament and outside. The PAC, headed by Bharatiya Janata Party veteran leader Murli Manohar Joshi, is examining the controversial allocation of 2G radio waves and Rai apprised the committee of how the audit looked into the whole issue.
The Comptroller and Auditor General, whose report on a presumed loss of Rs 1.76 lakh crore in 2G spectrum allocation created a storm in Parliament, will appear before the Public Accounts Committee on Monday.
The Comptroller and Auditor General, whose report on a presumed loss of Rs 1.76 lakh crore in 2G spectrum allocation created a storm in Parliament, will appear before the Public Accounts Committee on Monday.
Chairman of Public Accounts Committee Murli Manohar Joshi on Tuesday said that there was no conflict or clash between the Joint Parliamentary Committee and the panel headed by him and both can function within their own domain to probe irregularities in 2G spectrum allocation. He said that the JPC was supposed to work under specific terms of reference and conditions and did not have the right to summon the prime minister or any minister but PAC was a constitutional body.
In a respite to L K Advani, Murli Manohar Joshi and 19 others in the Babri Masjid demolition case, the Allahabad High Court on Thuursday dismissed the Central Bureau for Investigation's revision petition challenging a special court decision to drop criminal proceedings against them.
President Asif Ali Zardari is scheduled to ink an agreement on the $7.6 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project with the Turkmen and Afghan heads of state at Ashgabat on December 11.
The rally was taken out to showcase the public angst against the steeply rising prices of commodities drew BJP supporters from across the country.
On a day when the Joint Parliamentary Committee into the 2G scam was set up, the Public Accounts Committee Chairman Murli Manohar Joshi said his panel has every authority to ask Prime Minister Manmohan Singh to appear before it.
'The price increases, particularly in respect of cooking gas, that is domestic LPG and PDS kerosene, have been quite minimal.'
Legendary bowlers Shane Warne and Wasim Akram are of the opinion that no bowler can match, or even come close, to Muttiah Muralitharan's amazing achievement of 800 Test wickets.
"We are working on a (subsidy) mechanism, as it's very difficult to implement dual pricing of diesel," Petroleum Minister Murli Deora said
After Moily took over as oil minister, the central government agreed to link prices with global indices.
Oil Minister Murli Deora on Friday indicated there would be no rollback in fuel price hike and hit out at Opposition for "misleading" people on the impact of the rise.
With Opposition parties calling for a nationwide strike against the hike in fuel prices, Petroleum Minister Murli Deora on Wednesday justified the decision, saying the increase translated to less than Re 1 per day on domestic LPG and 26-27 paisa a day on kerosene.
Journalists, whose names have cropped up in the 2G scam tapes, will face the Public Accounts Committee, PAC Chairman Murli Manohar Joshi has said.
At least four global cement majors, Lafarge, CRH, Heidelberg Cement and Intalicementi, are in the race to buy a little-known cement company in Maharashtra Murli Industries with a total capacity of 2.9 million tonnes.
ONGC Videsh Limited, overseas investment arm of state-run Oil and Natural Gas Corporation, wants to buy BP's 35 per cent stake in the $1.3 billion Nam Con Son gas project in Vietnam.
Minister of Petroleum & Natural Gas Murli Deora has welcomed the General Budget for 2010-11 presented by the finance minister on Friday in the Lok Sabha.
Oil Minister Murli Deora on Wednesday said his ministry is not in favour of raising diesel and domestic LPG prices as response to spurt in global crude oil prices, as the move will add to already high inflation rate.
Public-sector oil retailers are projected to lose Rs 45,571 crore on selling petrol, diesel, domestic LPG and kerosene below cost.
Besides Mukherjee and Deora, the EGoM would have power minister Sushilkumar Shinde, fertiliser minister M K Alagiri, law minister Veerappa Moily and Planning Commission deputy chairman Montek Singh Ahluwalia.
Sources said both Mukherjee and Deora were in favour of Rs 2-3 a litre hike in petrol and diesel prices and Rs 25 per cylinder increase in LPG rates.
The Congress core group is meeting later in the evening where the implementation of Kirit Parikh Committee report on fuel pricing reforms may be discussed.
India's Oil Minister Murli Deora said a proposal to allow firms to set retail fuel prices based on market prices would be sent to the cabinet for approval within six weeks.
India's Oil Minister Murli Deora said a proposal to allow firms to set retail fuel prices based on market prices would be sent to the cabinet for approval within six weeks.
The students are demanding the removal of vice chancellor M Jagadesh Kumar from his post.
State-owned fuel retailers IOC, BPCL and HPCL are likely to lose Rs 65,000 crore on selling diesel, domestic LPG and kerosene below cost during the current fiscal, Oil Minister Murli Deora said on Wednesday.
Petroleum secretary RS Pandey said the ministry explained the revenue losses that state run companies were incurring on sale of petrol, diesel, domestic LPG and kerosene.
A day after agreeing to sell majority stake in its India subsidiary for $8.48 billion, UK's Cairn Energy Plc top management on Tuesday met Oil Minister Murli Deora and other key officials to clear any regulatory roadblocks to the deal with Vedanta Resources.
Petroleum Minister Murli Deora on Wednesday dismissed reports of diminishing oil stocks in Mumbai due to non-operation of ports after the oil spill off the coast of the metropolis.
Planning Commission deputy chairman Montek Singh Ahluwalia and former Planning Commission member Kirit S Parikh, who heads an expert committee on fuel pricing, may join the deliberations, official sources said.
Petroleum Minister Murli Deora on Monday ruled out any rollback in the increased prices of petroleum products, saying the hike has been reasonable and minimum. "The hike is reasonable and minimum ...," Deora told reporters here.
Petroleum Minister Murli Deora met Iran's Deputy Minister for International Affairs H Noghrehkar Shirazi on the sidelines of the 12th International Energy Forum here to propose bilateral talks in May.
'Ayodhya is a sacred pilgrim spot. Construction of a temple of Lord Ram is a matter of faith for crores of people. And Lord Ram himself is a symbol of faith for crores of people of the country'
Preparations for Copenhagen is on full swing. Minister Jairam Ramesh met 5 MPs to discuss India's approach.
After eight rounds of auction, India is moving towards Open Acreage Licensing Policy, where oil firms can choose the blocks they want to explore without waiting for the government to put them on offer.
Deora told Business Standard that a substantial volume of kerosene was also smuggled across the border, since the prices there were much higher. He added the government may have to rework various measures taken so far to curb the menace.
Former Union minister and senior Bharatiya Janata Party leader Murli Manohar Joshi is likely to become the next chairman of the Parliamentary Public Accounts Committee while Yashwant Sinha will replace him as head of the Standing Committee on Finance, BJP sources said.
The government will next week launch the 9th round of auction under the New Exploration Licensing Policy for the oil and gas sector.
Petrol prices in Delhi rose by Rs 4 a litre, while diesel rates rose by Rs 2 a litre, Oil Minister Murli Deora told reporters after a meeting with Prime Minister Manmohan Singh in New Delhi.
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