Natural Gas News

Meeting of the advising cabinet for Ministry of Petroleum & Natural Gas on Digital Modes of Payment Promotion of cashless transactions held.

Meeting of the advising cabinet for Ministry of Petroleum & Natural Gas on Digital Modes of Payment Promotion of cashless transactions held.

Meeting of the Consultative Committee of the Members of Parliament for the Ministry of Petroleum & Natural Gas was held in Srinagar on 21st April, 2017. Following Hon’ble Members of Parliament participated in the meeting - Shri Bhanu Pratap Singh Verma, Shri Chandrakant Bhaurao Khaire, Sh. Harinder Singh Khalsa, Shri Janak Ram, Shri Murali Mohan Maganti, Shri Narasimham Thota, Shri Ninong Ering, Shri Satya Pal Singh, Shri Ramdas Chandrabhanji Tadas, Dr Ravindra Babu Pandula, Col. (Retd.) Sona Ram Choudhary, Shri Tamradhwaj Sahu, Shri Tariq Anwar, Shri Vikaram Usendi, Shri Ranjib Biswal and Shri Ravi Prakash Verma.A presentation on the topic “Digital Modes of Payment - Promotion of cashless transactions” was made during the meeting. The Hon’ble Members gave their valuable inputs and suggestions to further promote the digital modes of payment by way of cashless transactions. Chairing the meeting, Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan welcomed all the Members of the Consultative Committee. Shri Pradhan emphasized on the efforts made by the Ministry and the OMCs to promote digital payments at fuel stations. He informed that the Ministry of Petroleum and Natural Gas took the lead role indigital payment promotion drive. A three pronged strategy was followed ie rapid expansion of digital payment infrastructure at fuel stations, massive awareness campaign and incentivizing consumers. He informed that 38,128 ROs are with POS and more than 86% of ROs have digital infrastructure today. Over 35,000 consumer awareness campaigns have been organized in the country, in all major regional languages. Shri Pradhan said that in order to promote digital transactions by consumers OMCs are giving 0.75% discount to the customers on purchase of fuel through cashless mode. Over 72,000 e wallets have also been activated.Shri Pradhan said that the daily cashless transactions have increased from Rs 150 Cr per day to Rs 400 Cr per day. He apprised Hon’ble Members on the MoPNG e Seva, a dedicated social media grievance redressal platform for oil and gas related complaints. He added that Swachh Petrol Pump App is an initiative where citizens can give feedback on the status of toilets at fuel stations. The Minister reiterated that the Ministry does not approve or endorse the move by a section of petrol pump dealers to close down fuel stations on Sundays. He said fuel conservation as a major campaign is being carried out by PCRA and OMCs under the guidance of the Ministry. Shri Pradhan thanked the Members for their valuable inputs and observations and said that the inputs would be considered and deliberated on for possible solutions to issues.

Other News You May Interested

Trend Update

Trend Update... read more ...

Gold holds constant near 3-1/2 month high

Trump's economic policy  Investors were looking ahead to an address by Trump to Congress next week for further clarity on his economic pol... read more ...

Silver Stocks Severely Undervalued

Silver acts as an inflation hedge, and in times of crisis, small quantities may be used for smaller, daily transactions compared to holding a tradi... read more ...

Gold hits 4-month high, top Rs325 on substantial global cues.

Gold prices soared by Rs325 to regain the Rs30,000-mark and trade at over 4-month high of Rs30,175 per 10 grams at Delhi bullion market on Saturday... read more ...

BULLION: The Prized metals, gold and silver snapped

its three-week gains at the bullion market, on reduced offtake due to holiday-truncated week despite firm global trend.Marketmen said easing demand... read more ...

Crude oil slips nearly 1 percent on Care over rising U.S. output

Oil prices slid nearly 1 percent as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

But... read more ...

Natural Gas Shortened-Term Storhouse Outlook.

The Energy Information Administration (EIA) reported that natural gas in underground storage fell by 89 billion cubic feet ((bcf)) in the week endi... read more ...

Silver Price Equal Off with Notable Support

Silver Price Equal Off with Notable Support

See the Webinar Calendar for a schedule of upcoming live events with Paul or... read more ...

Gold holds around 3-1/2 month high Trumps economic policy in target.

BENGALURU, FEB 27:  
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor... read more ...