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PM sets target for higher oil production, less import by 2022: Petroleum Minister

PM sets target for higher oil production, less import by 2022: Petroleum Minister

New Delhi, Mar 20 (UNI) Prime Minister Narendra Modi has set a target that by 2022, India's dependence on oil import must come down at least by 10 per cent, the Lok Sabha was informed today. Union Petroleum Minister Dharmendra Pradhan said during Question Hour that by 2040, India will consume the amount of oil equivalent to the amount of oil consumed by Europe. But he hastened to add that the government is taking all necessary steps to ensure "self sufficiency" in oil and hyrdo carbon production "Our Prime Minister has given a target that within next five years, when this country will achieve 75 years of our Independence, we have to reduce this dependence by 10 per cent. Knowing that challenge, we are preparing ourselves," he said. The government is augmenting the production; through efficient energy management depending on renewable and alternative energy and through conservation, the Minister said. The crude oil imports at present is accounted at about 82 per cent of the total domestic consumption. Last financial year, the same was at 80.9 per cent. The government today also disclosed that over the last three financial years, the amount of imported crude has been on the rise. In 2013-14, it stood at 77.6 per cent and rose to 78.5 per cent in 2014-15. The Government is planning to create energy self-sufficiency, he said adding even through diplomatic measures the issue is being attended to. "Through our good bilateral relations with a changing geo polity; with the emergence of India’s market capacity and the decisive Government under the leadership of Prime Minister; we are achieving that target also. This country will be assured with energy security for a longer period," he said. Most of crude oil production in the country is from fields in states like Andhra Pradesh, Assam, Arunachal Pradesh, Gujarat, Rajasthan, Tamil Nadu and offshore areas, he said. To repeated queries from AIADMK members including from R Vanaroja, the minister assured that no oil exploration work in Tamil Nadu would either pose environmental hazards or would harm the local farmers. "In fact, we have convened a meeting here tomorrow on Tamil Nadu issue and I am inviting all of you to come. There is no contradiction between farmers' interest and development," he said. The Minister said the concerns are misplaced and that the oil and gas exploration and production at all domestic small fields will be as per established practices only. The statement is related to controversies arising out of the two recently awarded contract areas: Karaikal in Puducherry and Neduvasal in Tamil Nadu. In the past few weeks, concerns have been raised over the impact of proposed activities in these areas on agriculture and soil conditions. UNI DEVN SHK 2005

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Banks attached 1,77,614 properties to recover Rs 15,196 cr since FY14-15: Shukla

06 Apr 2018 | 7:12 PM

New Delhi, Apr 6 (UNI) Minister of State for Finance Shiv Pratap Shukla said on Friday that as per data reported by Public Sector Banks (PSBs), 1,77,614 properties have been attached and auctioned by them and an amount of Rs 15,196 crore has been recovered during the financial years 2014-15 to 2017-18 (till 31.

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Only 4 pc productivity in Lok Sabha, 8 pc in Rajya Sabha

Only 4 pc productivity in Lok Sabha, 8 pc in Rajya Sabha

06 Apr 2018 | 7:10 PM

New Delhi, Apr 6 (UNI) Amidst blame game by the BJP and the Congress over the second leg of the Budget session being a wash-out, the government on Friday said that the productivity of the Lok Sabha was merely 4 per cent and that of the Rajya Sabha was 8 per cent during 22 sittings from March 5 to April 6.

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Student volunteers to help in community engagement

06 Apr 2018 | 3:52 PM

New Delhi, Apr 6 (UNI) Student volunteers will play an instrumental role in awareness generation regarding
important government schemes/programmes as well as social issues under a newly-approved scheme.

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Budget session of Lok Sabha ends

Budget session of Lok Sabha ends

06 Apr 2018 | 2:56 PM

New Delhi, Apr 6 (UNI) The second leg of the Budget session of the Lok Sabha concluded on Friday without conducting any major business with the House being adjourned sine die.

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RS adjourned sine die, Naidu voices concern on disruptions, rues missed opportunities for debate

RS adjourned sine die, Naidu voices concern on disruptions, rues missed opportunities for debate

06 Apr 2018 | 2:55 PM

New Delhi, Apr 6 (UNI) The Rajya Sabha was on Friday adjourned sine die with Chairman M Venkaiah Naidu voicing his concern over disruptions and ruing the missed opportunities for debate during the second half of the Budget session.

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