The proposal of raising the cap on subsidised LPG cylinders from six to nine a household a year would be taken by Cabinet very shortly, according to UPA government.
“I think it is likely to go up definitely from six to nine cylinders, and the Cabinet [Committee on Political Affairs] will have to grant its approval to the proposal,” Petroleum and Natural Gas Minister Veerappa Moily told reporters. Read more
A little reshuffle in Union Cabinet formed and after Pranabh Mukherjee whose post had been temporarily holds by PM Manmohan Singh, now P Chidambaram is India’s new Finance Minister, will take country’s Financial challenges.
The Home Ministry is shift to Sushilkumar Shinde and his portfolio as Power Minister will handle to Veerappa Moily, Corporate Affairs Minister. Read more
Just right back when US President Barack Obama yesterday concerned India’s trouble investment scenario, corporate affairs minister Veerappa Moily reportedly said that certain “international trade lobbies” have been spreading such stories that lead Obama misinformed about the country’s strong economic fundamentals.
“Certain international lobbies like Vodafone are spreading this kind of a story and Obama was not properly informed about the things that are happening, particularly when India’s economic fundamentals are strong,” Moily told reporters. Read more
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