Replaying to a question in the Rajya Sabha on Monday, Deora said there are some outstanding issues including finalization of the gas price with Iran.
Petroleum Minister Murli Deora is seeking to give a big push to domestic oil and gas hunt through a slew of fiscal incentives including infrastructure status to exploration and production business and exemption from service tax.
The Companies Bill 2009, which will replace a half-a-century old Act, is expected to be brought before Parliament for consideration and passage in the ongoing Budget session.
Last week, the 34-year old Deora, a two-time Congress MP from South Mumbai, had taken charge as Minister of State for IT and Communications.
The FIR by the ACB was registered a day after Chief Minister Arvind Kejriwal said the agency has been told to probe their alleged collusion over hike in prices of natural gas from KG basin.
Union Minister Milind Deora on Tuesday disagreed with Maharashtra government's rejection of the judicial commission of inquiry report on Adarsh Housing scam which indicted several politicians including three former chief ministers for "blatant violations".
Union Minister of State for Communications and Information Technology Milind Deora on Friday demanded that the judicial commission's report on Adarsh scam should be debated in the Maharashtra legislature.
N Suresh pays tribute to a consummate politician who passed into the ages on Monday.
There are no biennial elections from Karnataka, from where Rajashekharan was elected to Rajya Sabha, as the assembly has been dissolved while in Madhya Pradesh, Pachauri's home state, the Congress has not enough strength to get even a single member through.
Lok Sabha polls in Maharashtra will be held in five phases on April 19, April 26, May 7, May 13 and May 20. Counting of votes will be held on June 4.
Unless the per barrel prices comes down to $67 level, the reduction in existing fuel prices, including petrol, diesel and LPG, should not be expected, Deora said while replying a volley of questions on whether the government would take a populist measure or reducing oil prices despite losses to oil marketing companies. Meanwhile, global crude oil prices today fell $10.52 at $96.37 per barrel in New York's main contract for November delivery.
The government on Monday ruled out any immediate increase in petrol and diesel prices despite a spurt in international crude oil prices.
The government is likely to decide within the next two days whether to hike petrol and diesel prices to provide some relief to state-run oil marketing companies, Petroleum Minister Murli Deora indicated on Monday.
Shiromani Akali Dal lawmaker Manjinder Singh Sirsa reacting to Karan Johar's post on the celebrities at his party, said they were "flaunting their drugged state".
Petroleum Minister Murli Deora has sought reconstitution of an empowered group of ministers to decide on allocation of gas from RIL-operated KG-D6 fields to new customers. Deora, who met T K A Nair, principal secretary to the prime minister on Sunday, has formally written to the Cabinet secretary for reconstitution of the eGoM on the lines of the previous ministerial group headed by the then External Affairs Minister Pranab Mukherjee.
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.
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.
Petroleum Secretary R S Pandey separately pointed out that the airline had defaulted on payment of fuel bills to oil companies and owed them Rs 259 crore (Rs 2.59 billion). The airline, which is battling to survive the downturn in the industry, has handed out the pink slip to 1,900 employees, mostly cabin crew - which it expected to result in savings of $1 million a month.
The Election Commission on Wednesday issued notice to Petroleum Minister Murli Deora for his remarks on effecting a fuel price cut after the conclusion of assembly elections next month. The opposition Bharatiya Janata Party had approached Chief Election Commissioner N Gopalaswami over the issue contending that the announcement amounted to violation of the Model Code of Conduct enforced by the commission.
Petroleum Minister Murli Deora has asked Prime Minister Manmohan Singh for a Re 1 per litre excise duty cut on crude oil to enable a reduction in auto fuel prices, necessary to contain the growing inflation.
Petroleum Minister Murli Deora on Tuesday renewed his plea to the Maharashtra government to cut sales tax on petrol and diesel to give relief to fuel pump dealers, who were losing high volume business to neighbouring states where tax rates were much
Despite the high oil prices, growth in energy demand will continue globally, but there is need to reorient the approach in meeting the challenge, Minister for Petroleum and Natural Gas Murli Deora said on Sunday.
In a relief to Murli Deora, the Election Commission on Tuesday gave him a clean chit, saying the Petroleum Minister did not violate the Model Code of Conduct when he referred to taking a decision on the fuel prices after assembly polls in six states.EC sources said that the Commission looked into the video clippings and found no substance in the complaint made against Deora.Deora came under attack last week for his remarks on fuel prices after the conclusion of assembly polls
Sudan, which had in 2007 defaulted on payment of installments towards the cost of building 741-km pipeline from Khatroum to Port au Sudan, agreed to form a working group to resolve the issue within a month, sources said.
The government on Tuesday ruled out any immediate cut in petrol and diesel prices in line with fall in global oil prices, but said a reduction may be considered once crude prices fall below $50 a barrel.
Deora is believed to have explained the oil ministry's position on gas pricing and utilisation.
A friend of Mukesh Ambani should not be petroleum minister
Amidst the legal battle between Reliance Industries Ltd and Reliance Natural Resources Ltd over gas from Kaveri basin, Petroleum Minister Murli Deora has hit out at the Ambani brothers for fighting over a natural resource that belongs to the government and the people of the country.
Union Agriculture Minister Sharad Pawar and senior Congress leader Murli Deora are among the seven candidates from Maharashtra that were on Friday elected unopposed to the Rajya Sabha in the biennial polls in Mumbai.
Deora, who met Mukherjee on Monday afternoon to present his ministry's Budget wishlist, also discussed the deregulation of fuel prices.
Petroleum Minister Murli Deora will meet Russian Prime Minister Vladimir Putin in Moscow on Wednesday in an effort to secure energy assets, including UK-listed Imperial Energy Plc.
With the government putting off an increase in diesel prices, Petroleum Minister Murli Deora sought an increase in government subsidy to bail out the three oil marketing companies (OMCs). Deora met finance minister Pranab Mukherjee in Mumbai to seek an immediate release of `10,000 crore as interim subsidy to Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation.
In a setback to the Congress ahead of Lok Sabha elections, former Maharashtra Chief Minister Ashok Chavan on Monday quit the Congress, amid speculation that he is veering towards the Bharatiya Janata Party.
Occasional lovers' tiffs have marked the history of RSS-BJP relations. To think that Nagpur will bring about any change in leadership is a misreading of both its intent and its power, points out Shekhar Gupta.
Jet Airways, Kingfisher and NACIL, which operates Air India, owe over Rs 2,000 crore (Rs 20 billion) to the oil PSUs in unpaid fuel bills, Petroleum Minister Murli Deora said.
Petroleum prices could head downward in the coming few weeks if global crude rates decline further, the government said on Saturday.
Ahead of the Mumbai meeting, Bihar Chief Minister Nitish Kumar on Sunday said that a few more political parties were likely to join the opposition INDIA during its upcoming meeting.
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.
This will be the first major electoral test after the political realignment that emerged in 2019.
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