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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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No proof of wrongdoing, govt closes RasGas contract case

Wednesday, April 17, 2019, 8:09 PM

An investigation into a suspected Rs.2.5 lakh crore corruption case involving a long-term LNG contract with RasGas Company Limited of Qatar, which was raised in Parliament in 2012 when the Congress-led United Progressive Alliance (UPA) was in power, has found no evidence of wrongdoing, prompting the government to close the case. Lok Sabha member Vilas Baburao Muttemwar had raised the matter in the house.