Business Standard
Thursday, Feb 16, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|||||Opinion|||| 
 Section Home | Editorials | Compass | BS People | Columnists | Lunch with BS
Home > Opinion & Analysis Live Markets | Commodities
 

Jyoti Mukul: Steely nerves will help
Jyoti Mukul / New Delhi Jul 06, 2009, 00:56 IST

R S PandeyFacing 26 television cameras, in a cramped room, can test anyone’s nerves, more so when there’s bad news— like a hike in petrol and diesel prices. Petroleum Secretary Raghaw Sharan Pandey, however, did that with aplomb last week and fielded all queries despite the presence of two ministers in the room.

Pandey, of course, continues to remain in the hot seat, for another reason — the dispute between Mukesh and Anil Ambani over the supply of gas from Mukesh Ambani’s Reliance Industries Limited’s (RIL) Krishna-Godavri Basin gas to Anil Ambani’s Reliance Natural Resources Limited (RNRL) has put his ministry under tremendous pressure. It took all his skills some months ago, for instance, to defuse tensions, when the government lawyer argued the RIL-NTPC contract (on which the RIL-RNRL contract was based) was not a complete one — at that point, Pandey argued the government counsel had overstepped his brief. After a few weeks, the tension got defused, though by then the government counsel formally withdrew his statement in court.

Given the high stakes involved in the war between the Ambani brothers, not surprisingly, Pandey’s appointment last year was criticised as one made at the behest of an industrial house. Samajwadi Party General Secretary Amar Singh, who is considered close to Anil Ambani, called it “the unholy influence of one of the biggest industrial houses in the appointments”.

It is to Pandey’s credit that no such allegations are made today. His two-year stint in the steel ministry was equally eventful, with the minister at loggerheads with steel firms who he accused of keeping prices high. Though Pandey was considered quite sympathetic to the industry’s woes, he ensured prices remained low.

In contrast to his predecessor in petroleum ministry (MS Srinivasan) who was a tough individual and often dismissive of others, Pandey is a more easy-going — he rarely turns down requests for meetings and goes out of his way not to annoy anyone. “While Srinivasan was too bright for a secretary’s job, Pandey is bright and amiable. Even on the gas price issue, Srinivasan complicated matters but Pandey has the knack of simplifying and solving problems,” says an official who has worked closely with the two.

A Nagaland cadre officer of the 1972 batch of the Indian Administrative Service, Pandey joined the service when he was just 22 years old. Besides petroleum and steel, he had a brief two-month stint as secretary in the ministry of parliamentary affairs. He has worked a lot in the field of education and welfare and has even written a book — ‘Perspective in Disability and Rehabilitation’ which has been prescribed as study material for post-graduate students in rehabilitation.

While Pandey may have got over the initial heat over the hike in petroleum prices, the Ambani gas dispute is hotting up all over again with both parties in the Supreme Court. Meanwhile, other ministries, such as the fertilizer one, are adding to the fire arguing the RIL-RNRL contract was a private one and cannot possibly overrule the country’s gas allocation policy. In other words, things are only going to get hotter for Pandey. He’ll need nerves of steel, and a lot more, to survive this.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- IndianOil Citibank Card at Zero annual card fee
- We live for our family. have you secured them?
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Win a Business Class Ticket to Europe..Know more..
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Leela parts ways with Kempinski
- Kanika Datta: The importance of being SRK
- Nestle: Food for thought
- Tailor-made but not good enough
- Full throttle: Ford rides on app technology in India
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us