Page 5 - Hardeep Singh Puri

Govt relaxed about OPEC+ cutting oil output, says oil minister Puri

India's oil-buying spree comes as the Organization of Petroleum Exporting Countries and its allies, including Russia, are capping their production amid demand concerns

Govt making efforts to keep CNG prices under control: Oil minister Puri

The government is making constant efforts to bring the prices of compressed natural gas under control and has delinked Indian gas prices from four international hubs based in US, Canada, UK and Russia, and aligned them to the Indian crude basket, Oil minister Hardeep Puri informed the Rajya Sabha. Responding to supplementaries during the Question Hour, he said the government is encouraging consumption of compressed natural gas as it is relatively a cleaner fuel. "The government has ensured that while global prices were witnessing turbulence, massive increases and shortfall. Lockdown prices do not reflect reality prices, as during the lockdown crude prices came down to USD 19.56 per barrel and then shot up to USD 128 and USD 130 per barrel. "In April 2023, we rationalised the CNG prices and as a result while global prices shot up, domestic gas price was much lower, 83 per cent lower," the minister told the upper house. "It is our constant effort to provide more gas for domestic cook

100 new biogas plants will soon be established in UP: Hardeep Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said that 100 new biogas plants will soon be established in Uttar Pradesh. Speaking to reporters in Lucknow before going to the inauguration of the Compressed Bio Gas Plant in Budaun, Puri said that in the last seven years, under the leadership of Chief Minister Yogi Adityanath, the state has shed the label 'BIMARU' (sick) state and has done excellent work in every sector. "Today a new compressed biogas plant is going to be inaugurated in Budaun and the foundation stone of new compressed biogas plants will also be laid in eight other districts of the state," he said. Puri said that the process of land selection for setting up 37 plants is complete. According to a statement by the UP government, Puri said that the Budaun plant, developed on 50 acres with an investment of about Rs 135 crore, will produce about 14 tonne of compressed biogas every day, and will be instrumental in stubble management. Earlier, ...

Indian economy has transformed in last one decade: Union ministers at WEF

Asserting that the Indian economy has undergone a significant transformation in the last one decade, three union ministers on Thursday said the country's economic growth now is not only high but also inclusive. Speaking at a session on 'Can India seize its moment' at the World Economic Forum Annual Meeting 2024, union minister Hardeep Singh Puri said India has already seized the moment. "I say so because of the GDP growth we are clocking and the expectations from all quarters for a continued growth momentum," he said. Speaking in the same session, his Cabinet colleague Ashwini Vaishnaw said the last decade has seen a significant transformation in the Indian economy. "Major investments have happened in physical and digital infrastructure. That has had a huge impact on manufacturing and overall economic activity," he said. Smriti Irani, Minister for Women and Child Development, said she agrees with minister Puri that India has already seized the moment. She said India used to have

India can become $5 trn economy much before 2028: Hardeep Singh Puri

Union minister Hardeep Singh Puri on Tuesday asserted that India can become a five trillion dollar economy much before 2028 and said the country's energy transition needs to be done in an orderly manner to safeguard the interests of its large population. Puri, the minister for petroleum and natural gas as well as housing and urban affairs, said India is aware of its commitments towards sustainability goals and will meet all the targets in time while meeting the requirements of a growing economy. He was speaking at a CII-EY breakfast session on 'accelerating India's energy transition towards sustainable economic growth' on the sidelines of the World Economic Forum Annual Meeting 2024. "I don't think we need to wait till 2028 to become a five trillion dollar economy, and if you look at what is happening, it should happen much before 2028," he said while listing various macroeconomic parameters. "I also think that the transition has to be orderly because transition by nature has to ha

India has no problem in making payment for Russian oil: Hardeep Puri

Puri, who is in charge of the Petroleum and Natural Gas Ministry, said India enjoys a buyers' position and foreign oil suppliers are making offers to its companies

Govt launches 9th round of oil, gas blocks for bidding, ONGC wins big

In the ninth bid round, 28 blocks, with an area of approximately 136,000 square kilometres, are on offer for bidding

ONGC wins seven, Reliance-BP one oil, gas blocks in latest bid round

State-owned Oil and Natural Gas Corporation (ONGC) won seven areas for exploration of oil and gas while a consortium of Reliance Industries Ltd and BP Plc walked away with one in the latest bid round. Oil Minister Hardeep Singh Puri said 10 blocks for exploration and production of oil and gas were offered in the eighth round of Open Acreage Licensing Policy (OALP-VIII). Contracts for the 10 blocks were signed on Wednesday morning, he said. Of the 10 blocks offered, ONGC won seven while Reliance-BP, Oil India Ltd and Sun Petrochemicals Pvt Ltd got one area each. Parallelly, three coal-bed methane (CBM) blocks too were awarded and the ninth round of OALP was launched for bidding. "Estimated investments in awarded blocks for a committed exploration work programme is to the tune of USD 233 million," an official note said. India had offered 10 blocks for bidding in the eighth round of the OALP in July 2022. After extending the bid deadline a few times, the round closed in July 2023.

India aims to become developed nation by 2047: Hardeep Singh Puri

India is on the cusp of making history, as it looks forward to becoming a developed nation by 2047, Union minister Hardeep Singh Puri said on Tuesday. Puri made the remarks after offering prayers at the Patna Sahib Gurudwara on the occasion of Veer Bal Diwas', which is being observed to commemorate the martyrdom of two sons of Guru Gobind Singh. "We are on the cusp of making history. India looks forward to becoming a developed nation by 2047. At such a point of time, commemoration of the martyrdom (shahadat') is of immense value, he said. Puri, who is the only Sikh in the Narendra Modi cabinet, expressed delight upon visiting the historical site where the 10th Sikh Guru was born. "I consider myself privileged to be here on this occasion. Prime Minister Narendra Modi had last year announced that December 26 will be observed as Veer Bal Diwas, said the Union minister, who was accompanied by senior leaders of the BJP in Bihar. Puri, who holds the crucial portfolios of Housing & Urban

EAM Jaishankar visits Kuwaiti mission, condoles demise of Emir Nawaf

India will always remember the contributions of Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah in strengthening India-Kuwait ties, External Affairs Minister S Jaishankar said on Monday on the demise of the Kuwaiti ruler. Jaishankar visited the Kuwaiti embassy in Delhi this morning and paid his respects to the departed leader. "Visited the Embassy of Kuwait in Delhi today morning to express condolences and pay my respects on the passing away of His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, the Amir of the State of Kuwait," he said on X. "The Government and people of India will always remember his notable contributions to the strengthening of our ties," he said. Emir Jaber Al-Sabah, who played a key role in boosting India-Kuwait relations, died at the age of 86 on Saturday. India observed a "state mourning" on Sunday as a mark of respect for the departed leader. Petroleum Minister Hardeep Singh Puri on Sunday travelled to Kuwait as Prime Minister Narendra Modi's special envoy

Union minister Puri reaches Kuwait to pay condolences over demise of Emir

Petroleum Minister Hardeep Singh Puri is travelling to Kuwait on Sunday as Prime Minister Narendra Modi's special envoy to pay condolences on the demise of Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah on behalf of the government and people of India. Puri will also deliver personal letters of condolences from President Droupadi Murmu and Prime Minister Modi to Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the new Emir of Kuwait, the Ministry of External Affairs (MEA) said on Sunday. Emir Jaber Al-Sabah, who played a key role in boosting India-Kuwait relations, died at the age of 86 on Saturday. "India stands united in mourning with the leadership and the people of Kuwait," the MEA said, adding the large Indian expatriate community in that country will miss his "presence and compassionate care". New Delhi has already declared a "state mourning" on Sunday as a mark of respect for the departed leader. In the demise of Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Kuwait has lost a visionary le

Petroleum Ministry has given nod to import Venezuelan crude: Officials

Puri says India open to importing from any country not under sanctions

Space economy now worth $8 bn, tech being used to boost development: BJP

The government has used space technology to boost development by tracking a host of projects, the BJP said on Friday, noting that ISRO has conducted twice as many satellite launches since 2014 than it did during the 10 years before that. India's space economy is now worth USD 8 billion and it employs 45,000 people, Union minister Hardeep Singh Puri said here. Puri also expressed confidence that the sector will reach USD 100 billion in the next 15 years and its global share will zoom to 10 per cent from the current two per cent. Speaking to reporters, Puri credited Prime Minister Narendra Modi's vision for using space technology to track a host of projects related to urban development, infra work and MNREGA and said it has boosted growth. Since the days when foreign governments worked to sanction India's space outreach in the early 90s, the country has emerged as a "confident and respected global space technology power under the visionary, firm and decisive leadership of PM Modi."

Govt using space tech to track multiple projects, boost development: BJP

The government has used space technology to boost development by tracking a host of projects, the BJP said on Friday, noting that ISRO has conducted twice as many satellite launches since 2014 than it did during the 10 years before that. India's space economy is now worth USD 8 billion and it employs 45,000 people, Union minister Hardeep Singh Puri said here. Puri also expressed confidence that the sector will reach USD 100 billion in the next 15 years and its global share will zoom to 10 per cent from the current two per cent. Speaking to reporters, Puri credited Prime Minister Narendra Modi's vision for using space technology to track a host of projects related to urban development, infra work and MNREGA and said it has boosted growth. The opening up of the space sector has led to 195 start-ups in the field, with Indian satellite manufacturing now worth USD 3.2 billion in one year, he said. India now ranks fifth among space-faring countries to have end-to-end technology, the ...

Puri introduces bill to extend immunity to unauthorised structures in Delhi

Union Housing and Urban Affairs Minister Hardeep Singh Puri on Wednesday introduced a bill in the Lok Sabha to extend protection against punitive action to unauthorised developments in Delhi for three years beyond the December 31 deadline. The Bill seeks to provide protection to certain forms of unauthorised developments in Delhi from punitive action where adequate measures are yet to be taken. Puri introduced the the National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Act, 2023, which extends the protection given to unauthorised buildings till 2026. "The Development Control Norms for these unauthorised colonies have been notified on the 8th March, 2022. The Master Plan for Delhi with the perspective year 2041 is under finalisation wherein the measures for unauthorised developments like 'Jhuggi-Jhopri', clusters, unauthorised colonies, etc, are being included. "The process of dealing with these unauthorised developments will take more time. Therefore, .

Union ministers Vaishnaw, Irani, Puri, 2 CMs likely to attend WEF meet

Union ministers Ashwini Vaishnaw, Smriti Irani and Hardeep Singh Puri as well as Maharashtra Chief Minister Eknath Shinde and Karnataka Chief Minister Siddaramaiah are likely to visit the snow-laden picturesque Swiss resort town Davos next month for the World Economic Forum's Annual Meeting. RBI Governor Shaktikanta Das, India's G20 Sherpa Amitabh Kant and some ministers from Tamil Nadu, Uttar Pradesh and Telangana may also be in Davos for the annual gathering of rich and powerful from across the world. More than 100 Indian business leaders, including Gautam Adani, Mukesh Ambani, Kumar Mangalam Birla, N Chandrasekaran, Sajjan Jindal, Sunil Mittal, Rishad Premji and Adar Poonawalla, will also be in attendance. Also, more than 50 heads of states and governments from across the world are expected to attend the five-day annual meeting of the World Economic Forum (WEF), which describes itself as an international organisation for public private cooperation committed to improving the state

Holistic urban ecosystem needed to provide services to people: Hardeep Puri

There is a need to look to the future and focus on creating a holistic urban ecosystem for ensuring last-mile access to services, enhanced operational efficiencies, financial sustainability of projects, and integration of digital technology, said Housing and Urban Affairs Minister Hardeep Singh Puri on Wednesday. He highlighted that Indian cities need to increase their capabilities -- individually, organisationally, and institutionally. He was speaking at a national workshop organised by the Ministry of Finance and Ministry of Housing and Urban Affairs (MoHUA) in association with the International Finance Corporation (IFC). The workshop aimed at bringing out the key learnings towards attracting private capital for urban infrastructure in the context of the work done by the IWG during India's G20 Presidency. The New Delhi Leaders Declaration (NDLD) 2023, has endorsed the Principles for Financing Cities of Tomorrow: sustainable, resilient, and inclusive as one of the key outcomes of

Rajasthan polls: Petrol to come down by Rs 11.80 per litre, claims Puri

Union Minister Hardeep Singh Puri alleged that the price of petrol in Rajasthan was the highest in the country because of the additional cess imposed by the Congress government in the state.

India undertaking largest planned urbanisation programme in world: Puri

India is undertaking the largest planned urbanisation programme in the world, Union minister Hardeep Singh Puri said on Thursday. The total investments for urban development since 2014 have risen 10 folds to more than Rs 18 lakh crore in comparison to the previous 10-year period, the Union housing and urban affairs minister said at the launch of CITIIS 2.0 -- the City Investments To Innovate, Integrate and Sustain challenge. According to the ministry, the challenge is a significant step in the direction of achieving India's commitments to combating the challenges posed by climate change. The minister also highlighted the central government's increased focus on the growth and development of urban areas in the country. Speaking about the efforts towards achieving a circular economy in the country's urban areas, Puri said that under the Swachh Bharat Mission (SBM), the government has set up 112 biomethanation plants, 2,391 waste-to-compost plants, 55 waste-to-energy plants, 2,281 ...

India's partnerships with nations continue to grow under PM Modi: Puri

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri has said that India's partnerships with nations around the world continue to grow further under Prime Minister Narendra Modi's leadership. He made the statement as he arrived in Mozambique.Upon his arrival in Mozambique, Hardeep Singh Puri was welcomed by a traditional dance troupe. In a statement posted on X on Saturday, Hardeep Singh Puri stated, "Received a warm & traditional welcome upon arrival in Maputo today. India's partnerships with countries around the world continue to further grow & strengthen under the leadership of PM @narendramodi."Notably, India and Mozambique enjoy warm and substantive ties with Mozambique. Trading links between Mozambique and the western states of India go back several Centuries and pre-date the colonial era, according to the Ministry of External Affairs.These ancient people-to-people links have been further built upon in modern times, to forge a strong bilateral relationship .