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Who is RIL? The Petroleum Ministry says that government navaratna NTPC must pay an 80% high gas price to Reliance Industries compared to what RIL itself.

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Presentation on theme: "Who is RIL? The Petroleum Ministry says that government navaratna NTPC must pay an 80% high gas price to Reliance Industries compared to what RIL itself."— Presentation transcript:

1 Who is RIL? The Petroleum Ministry says that government navaratna NTPC must pay an 80% high gas price to Reliance Industries compared to what RIL itself voluntarily offered to NTPC. As a result, NTPC will suffer a loss of up to Rs crore, while Reliance Industries makes a super normal profit of nearly Rs crore, with the government getting only Rs 500 crore, in spite of knowing all this govt. is in fictious mood. Is this democracy dance or what ? Or these bloody politicians fear that no money will be given during the election what happened to these mere puppets bureaucrats who thinks they are the running or ruining country? Question no. 1

2 Question no. 2 At the stroke of pen, and in a matter of days, the Petroleum ministry has approved a shockingly disproportionate 400 % hike in the project cost of RILs KG D6 gas fields, from Rs crore to Rs crore. This could result in a loss of Rs crore to GOI, as per the agreement with RIL.The retail power tariffs may also go up by 50%, or more than Rs 1/unit. When our electricity bill go up at that time we will realise what are the consequences of this forgery deal. My question is this more than 80% Indians cant understand this controversy who they choose their leaders. Who to be blamed us (our ignorance) or these bas…d politicians since we dont participate in electoral process.

3 In a contrast to a nearly 80% collapse globally, the gas price the petroleum ministry wants the Indian fertilisers and power sector to pay RIL has shot up by a shocking 20% in a year. Typically, the govt. intervenes to either bring down consumer prices or increase its own revenues. The Petroleum ministrys actions unfortunately do neither. Its intervention has only hiked gas price; govt revenues are unchanged and surprisingly, the only beneficiary is the KG D6 monopoly gas producer, RIL, which will make super normal profits of Rs crore. RILs motto Growth is life needs to be changed it should be made forgery, cheating, desdroh, bribe will hinch our wagon to stars What a shame ? You bloody ministers, secretaries better you be in your limits since we are awakening. Question no. 3

4 Question no. 4 The KG-D6 monopoly gas producer, RIL utilising less than 40% of its capacity and can triple its production soon. Yet, the petroleum ministry says there is a gas scarcity. Helped by windfall gains in a artificially created scarcity – similar to the bygone days of the license-quota-permit raj-RIL will make super normal profit of nearly Rs crore, while the govts gets only Rs 500 crore. My question is that till what time ministry, these bureaucrats will favour RIL? every one knows about IPCL conspiracy and about the real Natwar – Reliance Industries Limited. Till when we will be tight lipped?


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