There is eight per cent quota for former defence personnel and employees of central and state public-sector undertakings.
Veerappa Moily's allegation that an import lobby was against an increase in gas prices has found no takers among sectoral experts.
Oil Minister M Veerappa Moily on Friday said petroleum ministers are "threatened" by import lobbies not to take decisions that will cut India's $160 billion oil imports.
Petroleum Minister M Veerappa Moily today took potshots at the BJP patriarch L K Advani saying he was responsible for nurturing Narendra Modi on whose elevation his is now sulking.
Power plants, involving investments of Rs 100,000 crore, facing closure.
The senior leader said there an all-round support for Sonia and Rahul Gandhi is "apparent to anyone who is not blind".
The Election Commission on Wednesday strongly disapproved Oil Minister Veerappa Moily's announcement of raising subsidised LPG quota ahead of Gujarat elections and asked him to be circumspect in future.
'Soniaji is like a mother to the party. We revere her even now'
'What criteria is GoI (government of India) using to judge how long the lockdown is to continue...'
Salman Khurshid was on Sunday made the external affairs minister and Veerappa Moily given petroleum portfolio as Prime Minister Manmohan Singh undertook a major reshuffle of Council of Ministers and inducted 17 new faces.
LPG alone will save us Rs 8,000 cr a year: M Veerappa Moily.
The ministry is in consultation with various other stakeholders and ministries on this and the department of financial services was working on the proposal.
Refuting allegation of misusing position to get corporate funding for his family-run NGO, Oil Minister M Veerappa Moily on Wednesday said he had at no point extended any help or favour to any company for seeking aid.
The scheme was to be rolled out in 20 districts initially but the launch in Mysore in Karnataka and Mandi in Himachal Pradesh has been put off by a month due to assembly and Parliamentary bypolls, official sources said.
A day after Election Commission rap, Oil Minister M Veerappa Moily on Wednesday said the government has not yet taken any decision on raising cap on supply of subsidised LPG cylinders and the EC would have been informed before announcing any decision.
Dudley and Ambani, assisted by BP India head Sashi Mukundan and RIL Executive Director P M S Prasad, primarily discussed RIL-BP's oil and gas investments at the meeting that lasted nearly one-and-half hour.
Diesel is currently sold at a loss of over Rs 10.80 per litre.
A day after changes in their portfolios, Finance Minister P Chidambaram and Home Minister Sushil Kumar Shinde took charge of their respective ministries.
P Chidambaram was on Tuesday made the finance minister as Prime Minister Manmohan Singh undertook a minor reshuffle in portfolios in the Union Cabinet, necessitated by the exit of Pranab Mukherjee in June. According to the announcement, Power Minister Sushilkumar Shinde is the new home minister in place of Chidambaram.
Those losses, or 'under-recoveries', are of course eventually covered partly by the central government, and are the most potent contributor to India's problems with its fiscal deficit.
India's policy to subsidise retail prices of fuels such as diesel, which accounts for about 40 per cent of refined fuel consumption, is a major drain on the budget.
There will be no change in LPG and kerosene rates, Oil Minister M Veerappa Moily told reporters in New Delhi after the meeting on Cabinet Committee on Political Affairs. "I am happy to inform the Cabinet Committee on Political Affairs has decided to raise the cap on subsidised LPG to nine cylinders per household in a year from existing six cylinders," he said.
Petroleum Minister Veerappa Moily takes a U-turn on the suggestion of keeping petrol pumps shut from 8 pm to 8 am.
With media reports alleging dubious funding for companies run by BJP chief Nitin Gadkari, the government on Tuesday said it will inquire into the issue, a stand BJP attacked as being "selective".
After five years of stay in the 340-room Presidential mansion, Pratibha Patil on Wednesday moved to a four bedroom bungalow here at a high-security area in the heart of the capital.
The Oil Ministry, which had been sitting on the proposal for over a year, wrote to the Directorate General of Hydrocarbons earlier this week saying that it has been decided to permit exploration in already producing oil and gas fields, sources privy to the development said.
Taking suo moto cognisance of reports of the Centre's move -- ahead of Gujarat assembly polls -- to increase the cap on subsidised LPG cylinders, the Election Commission has directed it to stop the same forthwith. The Commission held an emergency meeting soon after the Minister of Petroleum and Natural Gas M Veerappa Moily said the government will raise the cap on the supply of subsidised cooking gas to nine cylinders per household a year from six at present.
Corporate Affairs Minister Veerappa Moily on Tuesday lashed out at global credit rating agency Standard and Poor's (S&P) for describing Prime Minister Manmohan Singh as "unelected" leader and saying the comment "smacked of politics".
Civil Aviation Minister Ajit Singh on Tuesday ruled out any move to regulate airfares saying the government only wants the system to be made transparent.
BP Plc, Europe's second biggest oil company, and Reliance Industries will invest $5 billion in developing untapped gas reserves in the KG-D6 block as the partners attempt to reverse the fall in gas production.
The proposed National Competition Policy may help in tackling inflation by creating a fair playing field for producers, farmers and traders, Corporate Affairs Minister Veerappa Moily said on Friday.
The government is looking into demands for raising the cap on supply of subsidised cooking gas (LPG) cylinders per households, Oil Minister M Veerappa Moily said.
Defence Ministry has declared 7 blocks including RIL's KG-D6 which has been in production since September 2008 and its gas discovery block NEC-25 for reasons like overlapping with proposed Naval base or being close to missile launching and Air Force exercise area.
RIL stated on Saturday that it had never contested the government's right to get spendings on the flagging KG-D6 gas fields audited by the Comptroller and Auditor General of India but added that the consent must not lead to a performance audit of a private firm.
The expert group was tasked to suggest a methodology for pricing of diesel and cooking fuel.
After External Affairs Minister S M Krishna, another Union minister from Karnataka has written to Prime Minister Manmohan Singh demanding a review of the decision of the Cauvery River Authority asking the state to provide Tamil Nadu with 9,000 cusecs of water daily.
In a much relief to the common man, Oil Minister Veerppa Moily said that the cap on subsidised liquefied petroleum cylinders is to go up to 9 in a year.
Assam is set to get more power from the 2,000 MW Subansiri Hydro-electric project that is under construction by the National Hydro Power Corporation at Gerukamuhk on Assam-Arunachal Pradesh boundary despite stiff resistance from anti-mega dam protestors.
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