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Innovation key for India to become USD 5 trillion economy: Dharmendra Pradhan

Thursday, August 1, 2019, 7:48 AM

Petroleum-Minister Dharmendra Pradhan stressed on the importance of innovation and said that it is a-key-factor which will boost economic-growth and help India become a USD 5-trillion-economy by 2024-25. Speaking at the launch of Niti Aayog's ACIC programme, Pradhan further said that India will become the largest consumer of fossil-fuel in the next 15 years, so there is need to reduce India's crude oil import-bill.
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Government neither divesting nor privatising ONGC: Dharmendra Pradhan

Wednesday, July 3, 2019, 4:48 PM

State-run ONGC will neither be disinvested nor privatised but only oilfields discovered by it are being monetised through a transparent bidding process to ensure the country's energy security, Petroleum Minister Dharmendra Pradhan said in the Rajya Sabha on Wednesday. During Question Hour, he also said that synergy between ONGC and HPCL is fully a corporate decision.
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Oil ministry seeks Rs 33,000 crore more for subsidy payout

Wednesday, June 26, 2019, 6:00 PM

The ministry of petroleum and natural gas has written to the finance ministry, seeking an additional Rs.33,000-crore over and above the Rs.24,833-crore petroleum subsidy allocated as revised estimate for 2018-19. The extra demand is primarily because the government did not clear subsidy payments worth Rs.33,900-crore for LPG and kerosene in 2018-19, which affected the net profits of oil marketing companies and increased their debt.

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