Sunday, October 28, 2012

Another Minister Falls After Taking On The Ambanis

S. Jaipal Reddy — the minister who took on Mukesh Ambani in a regulatory battle on gas prices that saved the exchequer thousands of crores of rupees — is set to be divested of the crucial Petroleum and Natural Gas portfolio.

As Mr. Ambani pressed his case on Raisina Hill, the demand to revise gas prices upwards even before the April 2014 deadline soon started coming from other Ministers and also the PMO. RIL was also upset at being forced to agree to an audit of the KG D6 gas field by the CAG. 
The Hindu: Manmohan set to end reliance on Jaipal for oil and gas

No comments: