AGRANI SAMMAN SCHEME : AGRANI SAMMAN SCHEME BY NIRMAL KUMAR Gen.Secretary All India ONGC Ex Employees Welfare Association AGRANI SAMMAN Nirmal Kumar Srivastava ONGC Senior Citizens 3 hrs · . Update on Agrani Samman Case.......on completion of one month period of sending first copy of our appeal I met his principal secretary to CJ on Friday 10th Oct.In fact all the copies of appeal sent by us and from various other projects/individuals are marked to him only. At the outset after seeing my visiting card he informed me that all the letters sent by my members has been received. He promised a promt favourable action after Diwali Holidays.Let us hope for the best. UnlikeUnlike · You, Devaraj Sundaramoorthy, Narendra Kumar Kaushik, K Liakath Ali Khan and 4 others like this.. Inder Chatta May this Deepawali brings the most wanted relief to the needy retd officers. Thanx dear NIRMAL 3 hrs · Unlike · 2 .. Raghuramarao Varanasi Your efforts are great, and we should have a bit of luck also to complete the process. Thanks for your information, as all of us are waiting for the information eagerly 2 hrs · Unlike · 2 .. Rajendra SA Gud i appreciate your efforts.we may hope for the best 1 hr · Unlike · 2 .. Bekal Prem Kumar Hope is the only alternative solution sir, and thanks for your best of efforts & initiatives all these years. 1 hr · Unlike · 1 .. Arunachalam Arunachalama Let your efforts get fruits ! 48 mins · Unlike · 1 .. Ramana Podila CONGRATS Mr.Nirmal Kumar, on behalf of the Hyderabad Retd. Officers Assn. Your persistent efforts have started bearing fruit. Let us hope, some thing good will come out of it after Diwali, if they adhere to their promise. Thanks once again to you. 16 mins · Unlike · 1 .. Prem Sagar Gupta congratulations from every one to the super persistent efforts have started bearing fruit. Let us hope, some thing good will come out of it after Diwali, keep your dreams high My all those Friends effected by huge unjustice done by ONGC MANAGEMENT in there treatment to the elderly people senior citizens. Nirmal Kumar Srivastava Presentation Transcript AGRANI SAMMAN SCHEME : AGRANI SAMMAN SCHEME BY NIRMAL KUMAR Gen.Secretary All India ONGC Ex Employees Welfare Association AGRANI SAMMAN : AGRANI SAMMAN A Noble Scheme Pension Scheme in Disguise Introduced w.e.f. 1st January 2003 For Pioneers of ONGC OBJECTIVES OF AGRANI SAMMAN SCHEME : OBJECTIVES OF AGRANI SAMMAN SCHEME To mitigate financial and social distress in the twilight of lives of employees who had helped build the organization to its current level of prosperity To pay a fitting tribute from the serving ONGCians to those who had toiled hard to help build the most valuable company of India, not only in terms of Share value but also in terms of KNOWLEDGE COMPETENCE COMMITMENT AND CREATION OF WEALTH FOR THE COUNTRY. ELIGIBILITY : ELIGIBILITY All pre 15.10.1959 employees irrespective of their date of retirement- 100% benefit All post 14.10.1959 employees who retired on or upto 31.03.1991 /15.11.1995 (Executives/Non executives)- 50% benefit All post 14.10.1959 employees who retired on or after 01.04.1991/16.11.1995 ( Executives/ Non Executives ) – No benefit Benefits Available : Benefits Available Slab I : Non Executives ( Class IV & III ) – Rs1500+Applicable D.A. Slab II : Executives E-0 to E-3 Rs 3000+Applicable D.A. Slab III : Executives E-4 to E-6 Rs 4500+ Applicable D.A. Slab IV: Executives E-7 and above Rs 6000+Applicable D.A WHAT WENT WRONG : WHAT WENT WRONG No Pioneers Identified No Pension Scheme introduced w.e.f. 01.01.1986 in ONGC despite directions of Central Govt. based on 4th Pay commission recommendations Basic criteria of 20 years diluted to 10 years Deductions of earlier Pension and PRBS benefits VARIOUS COURT JUDGEMENTS : VARIOUS COURT JUDGEMENTS Apex Court in a similar case opined that ”where the criteria is minimum or particular period of service, the other considerations have no meaning and merely for the sake of these considerations the benefit of pension/financial gains can not be denied” “Arbitrary date can not be fixed to deny equal treatment to pensioners who form a single class and as such a distinction would be violative of Article 14 and 16 of the Constitution” Various Court Rulings : Various Court Rulings “Restricting the benefit from a particular date was arbitrary” “If consequent receipt of these benefits, there is a proportionate reduction of Pension, there is no real benefit to the employee because the Management takes away from by the left hand what it seems to confer by the right.” “ Pension is not to be treated as bounty payable on the sweet will and pleasure of the Govt. and right to superannuation pension including its amount is valuable right vested in Govt. servant”. LATEST STATUS : LATEST STATUS The All India ONGC Ex Employees Welfare Association filed a writ petition 6593/2003 in Bombay High Court on behalf of all ex employees The case was against discrimination and deductions The hearing was concluded on 24th March 2008 and agreement reached As per the agreement, the PRBS benefits were surrendered in favour of Agrani Samman for all retirees including future retirees also Slide 10: After the court agreement continuation of PRBS scheme in any form could not find favour of Law and needs to be discontinued forthwith After removal of all the discrepencies by ONGC in accordance with Law within the three month period as agreed in High Court, Agrani Samman becomes the sole pension scheme for all present as well as future retirees. As per court agreement a detailed representation was sent to Management through courier on 16th April 2008. Vide letter dt 14th July from ED-ER ONGC backed out from its own commitment given in High Court. Slide 11: Fresh petition 531/2009 was again filed in Mumbai High Court Demands include total removal of discrimination between pre 15.10.59 and post 14.10.59 employees retired upto 31.03.2007 Non deduction of PRBS/Earlier Pension Payment of arrears from 1st Jan 2003 with 15% interest Slide 12: Case admitted on 30.03.2009 Another civil application filed on 8th May09 to expedite hearing Came up for hearing on 26th June & 7th Aug but no date fixed due to technical reasons Heard on 18th Sept and instructions given to back office to verify if all papers are in order Listed again on 14th Oct for fixing the date of hearing.Could not come up Court closed for Deepawali Holidays from 16th Oct to 2nd Nov. Court reopened from 3rd Nov, new bench formed civil application heard for fixing early date for hearing on 20.11.09. Next date for fixing the date of hearing fixed by High Court is 15th Jan 2010. Facts & Figures : Facts & Figures Justice JR Mohan Rao Committee on PSU Wage Revision Recommended for All Profit Making PSU’s Create a New Fund by Crediting 1-1.5% of Pre Tax Profit for Exclusive Welfare of Retired Employees Not in Receipt of Pension Use this Fund for Medical & Other Welfare Activities of Retired Employees Medical is Already Part of Service Conditions in ONGC, The Fund Be Used Exclusively For Welfare Measures All Ex Employees Not in Receipt of Defined Pension of April 2007 Qualifies as Benefeciaries Slide 14: Total Pre Tax Profit From 1st Jan 2007 to 31st Dec 2009 = 86,960 Cr. Size of Welfare Fund = 1.5% of Above Amount = Rs 1304.4 Crores Amount Required to Pay Agrani Samman to 18000 Retired employees = Rs 102 Cr for Current Year & the total inclusive of arrears as per Petition from 1st Jan 2003 to Dec 2009 = 500-550 Cr Balance Left in Welfare Fund = 1304-550= Rs 754.4 Cr Amount Earmarked towards CSR Activities During FY 2009- 10 = Rs 500 Crores Monetised Value of Uniform,Stitching Charges,Canteen Coupons etc = Rs 180 Cr.(Approx) for Credit to Defined Pension Scheme Fund for Current Year Slide 15: THANK YOU Ongc india mal Kumar Srivastava Presentation Transcript AGRANI SAMMAN SCHEME : AGRANI SAMMAN SCHEME BY NIRMAL KUMAR Gen.Secretary All India ONGC Ex Employees Welfare Association AGRANI SAMMAN : AGRANI SAMMAN A Noble Scheme Pension Scheme in Disguise Introduced w.e.f. 1st January 2003 For Pioneers of ONGC OBJECTIVES OF AGRANI SAMMAN SCHEME : OBJECTIVES OF AGRANI SAMMAN SCHEME To mitigate financial and social distress in the twilight of lives of employees who had helped build the organization to its current level of prosperity To pay a fitting tribute from the serving ONGCians to those who had toiled hard to help build the most valuable company of India, not only in terms of Share value but also in terms of KNOWLEDGE COMPETENCE COMMITMENT AND CREATION OF WEALTH FOR THE COUNTRY. ELIGIBILITY : ELIGIBILITY All pre 15.10.1959 employees irrespective of their date of retirement- 100% benefit All post 14.10.1959 employees who retired on or upto 31.03.1991 /15.11.1995 (Executives/Non executives)- 50% benefit All post 14.10.1959 employees who retired on or after 01.04.1991/16.11.1995 ( Executives/ Non Executives ) – No benefit Benefits Available : Benefits Available Slab I : Non Executives ( Class IV & III ) – Rs1500+Applicable D.A. Slab II : Executives E-0 to E-3 Rs 3000+Applicable D.A. Slab III : Executives E-4 to E-6 Rs 4500+ Applicable D.A. Slab IV: Executives E-7 and above Rs 6000+Applicable D.A WHAT WENT WRONG : WHAT WENT WRONG No Pioneers Identified No Pension Scheme introduced w.e.f. 01.01.1986 in ONGC despite directions of Central Govt. based on 4th Pay commission recommendations Basic criteria of 20 years diluted to 10 years Deductions of earlier Pension and PRBS benefits VARIOUS COURT JUDGEMENTS : VARIOUS COURT JUDGEMENTS Apex Court in a similar case opined that ”where the criteria is minimum or particular period of service, the other considerations have no meaning and merely for the sake of these considerations the benefit of pension/financial gains can not be denied” “Arbitrary date can not be fixed to deny equal treatment to pensioners who form a single class and as such a distinction would be violative of Article 14 and 16 of the Constitution” Various Court Rulings : Various Court Rulings “Restricting the benefit from a particular date was arbitrary” “If consequent receipt of these benefits, there is a proportionate reduction of Pension, there is no real benefit to the employee because the Management takes away from by the left hand what it seems to confer by the right.” “ Pension is not to be treated as bounty payable on the sweet will and pleasure of the Govt. and right to superannuation pension including its amount is valuable right vested in Govt. servant”. LATEST STATUS : LATEST STATUS The All India ONGC Ex Employees Welfare Association filed a writ petition 6593/2003 in Bombay High Court on behalf of all ex employees The case was against discrimination and deductions The hearing was concluded on 24th March 2008 and agreement reached As per the agreement, the PRBS benefits were surrendered in favour of Agrani Samman for all retirees including future retirees also Slide 10: After the court agreement continuation of PRBS scheme in any form could not find favour of Law and needs to be discontinued forthwith After removal of all the discrepencies by ONGC in accordance with Law within the three month period as agreed in High Court, Agrani Samman becomes the sole pension scheme for all present as well as future retirees. As per court agreement a detailed representation was sent to Management through courier on 16th April 2008. Vide letter dt 14th July from ED-ER ONGC backed out from its own commitment given in High Court. Slide 11: Fresh petition 531/2009 was again filed in Mumbai High Court Demands include total removal of discrimination between pre 15.10.59 and post 14.10.59 employees retired upto 31.03.2007 Non deduction of PRBS/Earlier Pension Payment of arrears from 1st Jan 2003 with 15% interest Slide 12: Case admitted on 30.03.2009 Another civil application filed on 8th May09 to expedite hearing Came up for hearing on 26th June & 7th Aug but no date fixed due to technical reasons Heard on 18th Sept and instructions given to back office to verify if all papers are in order Listed again on 14th Oct for fixing the date of hearing.Could not come up Court closed for Deepawali Holidays from 16th Oct to 2nd Nov. Court reopened from 3rd Nov, new bench formed civil application heard for fixing early date for hearing on 20.11.09. Next date for fixing the date of hearing fixed by High Court is 15th Jan 2010. Facts & Figures : Facts & Figures Justice JR Mohan Rao Committee on PSU Wage Revision Recommended for All Profit Making PSU’s Create a New Fund by Crediting 1-1.5% of Pre Tax Profit for Exclusive Welfare of Retired Employees Not in Receipt of Pension Use this Fund for Medical & Other Welfare Activities of Retired Employees Medical is Already Part of Service Conditions in ONGC, The Fund Be Used Exclusively For Welfare Measures All Ex Employees Not in Receipt of Defined Pension of April 2007 Qualifies as Benefeciaries Slide 14: Total Pre Tax Profit From 1st Jan 2007 to 31st Dec 2009 = 86,960 Cr. Size of Welfare Fund = 1.5% of Above Amount = Rs 1304.4 Crores Amount Required to Pay Agrani Samman to 18000 Retired employees = Rs 102 Cr for Current Year & the total inclusive of arrears as per Petition from 1st Jan 2003 to Dec 2009 = 500-550 Cr Balance Left in Welfare Fund = 1304-550= Rs 754.4 Cr Amount Earmarked towards CSR Activities During FY 2009- 10 = Rs 500 Crores Monetised Value of Uniform,Stitching Charges,Canteen Coupons etc = Rs 180 Cr.(Approx) for Credit to Defined Pension Scheme Fund for Current Year Prem Sagar Gupta DTD 23-AUG-2014 {Indias dependence on oil imports has grown up 80% in 2014 7 likely to touch 85% in 2017 SAVE INDIA FROM GETTING BANKRUPT AND IN BECOMING AN ECONOMIC POWER ; ACT TODAY OR LOOSE FOR EVER} TO NARENDRA MODI PRIME MINISTER OF INDIA MINISTER OF PETROLEUM AND CHEMICALS GOVT OF INDIA,NEW DELHI Indias dependence on oil imports has grown up 80% in 2014 7 likely to touch 85% in 2017 {SAVE INDIA FROM GETTING BANKRUPT AND IN BECOMING AN ECONOMIC POWER} SUBJECT- [WHY GOVT SHOULD ACT TO REVIEW HOW TO MAKEUP INDIA DEFICIT IMPORTS ECONOMICALLY,SINCE IN OIL ENERGY SECURITY, ]“WOULD YOU LIKE TO KINDLY REVIEW ENERGY POLICY FOR REINFORCING , HOW TO BRIDGE THE GAP FOR PRESENT IMPORTS OF 65 MT WILL INCREASE TO 85 MT, OF CRUDE OIL AND OTHER PETROCHEMICALS PRODUCTS, WITH EXPENDITURE OF Rs 450 BILLION $ OR .450,000/- CRORES A YEAR,WOULD YOU LIKE TO REVIEW EXISTING PUBLIC SECTOR UNITS IN OIL INDUSTRY CAPABILITY IN VIEW OF THERE CONSTRAINTS OF GOVT RULES, NON AVAILABILITY OF SR EXPERIENCED SCIENTISTS/OIL TECHNOLOGIST,RESOURCES ETC.ALTERNATIVE MEANS OF OTHER OPTION AVAILABLE IN THE COUNTRY;AS ALWAYS BEING THOUGHT OF EX ARMY OFFICERS IN NATION EMERGENCY OF THE TYPE NOW INDIA IS FACING IN THE OIL SECTOR.”+++++ THE WHOLE GAMMUT OF THE PROBLEM IS TO SEE,IN PROPER PERSPECTIVE AS FOLLOW BEFORE GOVT ORDERS FOR REVIEW; [1] WE MAY TOTAL UP TOTAL INDIGENOUS OIL PRODUCED BY OIL SECTOR CO,s BOTH OF PUBLIC SECTOR+ PVT SECTOR SAY 65 MT [2]WE MAY SEE HOW MUCH OIL THEY WILL BRING FROM FOREIGN OIL BLOCKS OIL PRODUED BY OIL SECTOR CO,s BOTH OF PUBLIC SECTOR LIKE ONGC VIDESH,BPCL,OIL INDIAetc+ PVT SECTOR LIKE RIL etc OF OIL+GAS EQUIVALENT. SAY 15 MT [3]TOTAL CONSUMPTION OF THE COUNTRY SAY 145 MT [4]HOW TO MAKE UP FOR DEFICIT SAY 65 MT REVIEW HOW TO MAKE UP DEFICIT EITHER BY CONTINUING IMPORTS OR ALTERNATIVE MECHANISM [5] BOTH ONGC VIDESH AND RIL B REQUESTED TO GIVE THERE PLANS HOW MUCH THEY CAN MAKE- UP YEAR- WISE, FOR THE NEXT 10 YEARS,TO SUBMIT THERE PLANS,GOVT TO SUPPORT ALL SUCH ACTIONS AS SUGGESTED BY THEM.PRESENTLY ONGC VIDESH IS PRODUCING FROM FOREIGN BLOCKS ACQUIRED ONLY 9,5 MT INCRESED FRO 2,5 MT A DECADE BACK,WITH GROTH INCREMENTAL OF LESS THAN 10% AGAINST 100%YEAR INCREMENTAL RISE EVERY YEAR,THE ONGC VIDESH AND ONGC INDIA CAN BE HORIGENTALLY & VERTICALLY EXPANDED 10 TIMES TO BECOME MAMOOTH MUTI NATIONAL & NAMES CHANGED TO “INDIA VIDESH MUTINATIONAL” ;EACH PROJECT OPERATING BE CONVERTED TO INDEPENDENT PROFIT CENTRE .OBJECTIVE MAY BE WELL DEFINED TO ACHIEVE TARGET OF PRODUCING FROM FOREIGN BLOCKS ADDITINAL 65 MT OF OIL+ GAS EQVLT. [6] GOVT TO MAKE UP PLAN OF ACTION TO” FLOAT INDIA VIDESH INTERNATIONAL” A MAMOOTH OIL GAINT CO AS A PUBLIC LIMITED CO WITH PARTICIPATION AS INITIATED IN PETRONET INCLUDING PVT SECTOR PARTICIPATION OIL CO.s TO PRODUCE ADDITIONAL 80 MT OF OIL/GAS FROM FOREIGN BLOCKS A POLICY BEING PURSUED BY CHINA TO TAKE PRO ACTIVRE DECISION FOR FILLING GAP OF 80 MT[40.000 CRORES] AS ON TODAY WHICH MAY SWELL TO ONE LAKH CRORES IN THE NEXT DECADE. [7] WE REQUEST THAT WE THE EXONGCIANS, WE OFFER OUR SERVICES TO THE NATION ,IN FACT IF SOME DAY THE PROPOSAL SEE LIGHT OF THE DAY,ALL ABLE & FIT PRESENT & FUTURE RETIRING TECHNOCRATS AS WELL,INCLUDING RECRUITMENT OF YOUNG ONES IN SCHEDULE PLANNING. EX ONGCIANS OFFICERS/SCIENTISTS/TECHNOCRATS/OIL INDUSTRY EXPERTS ,IN LAW,PUBLIC RELATIONS,TRANSPORT,MANAGEMENT OF ACCOUNTS, WILL ALSO BE TAKEN CARE,THE PROPOSAL IS SOME THING MAKING ONGC VIDESH AS A GAINT GLOBAL CO . [8] ONGC INDIA AND ONGC VIDESH ,IT MAY UTALISING ALL HR, LAW ,UTILITIES & TPT PERSONNEL ,BESIDES OF ALL OTHER DECIPLINE,S LIKE SERVICES,SINCE ONGC VIDESH MUST BE BE EXPANDED 10 TIMES WILL NEED ENORMOUS SUPPORT AND INFRASTRUCTURE. [A]HOW “INDIA VIDESH INTERNATIONAL” WILL OPERATE AS A PUBLIC LTD CO WHY THIS CO NEEDS ARISED “ CONSTRAINTS OF ONGC VIDESH,ONGC INDIA ,HPCL,BPCL,IOC,OIL INDIA”,HYDROCARBON[INDIA] FOR THEIR SUBSIDARIES OPERATING IN FOREIGN BLOCKS [1] CAN NOT ADHERE NORM TO EMPLOY EXPERTS AGE MORE THAN 62 YEARS [2] DECISION MAKING VERY SLOW SINCE THESE DECISION ARE OPEN TO REVIEW OF CAG,PARLIAMENTARY AUDITS & HOST OF OTHER REGULATIONS,HENCE CMD,s ARE SCARE TO TAKE PROMPT & QUICK DECISIONS. [3] FINANCIAL POWERS ARE LIMITED FOR TIE UP CONTRACTS [4] EXPERTS OF SCIENTISTS STRENGTH IS MUCH LESS. [5] TARGETS ARE TOO HIGH TO MEET IMPORTS OF OIL/GAS 80 TO 120 MT IN NEXT 10 YEARS TO MEET GAP IN ANNUAL IMPORTS. [6]NO EFFECTIVE CO-ORDINATION BETWEEN PUBLIC SECTOR CO & ITS SUBSIDARY [7] LACKING IN EXPERTISED KNOWLEDGE OF LAW FOR ENFORCEMENT OF LEGAL MATTERS [8]KNOWLEDGE OF WORLD PLACES & SECURITY ISSSUES [9]PERSONNEL ALSO NEEDED OF OTHER NATIONS WHERE INDIAN SKILL IS LACKING [10] EXISTING MANAGEMENT NOT PREPARED FOR CHALLENGING EXPERIMENTS,SINCE IT HURTS THERE EGO WORK WITH THERE ELDERLY PEOPLE. “+VE POINTS IF THE PVT CO,s SINCE WANT TO OPERATE FREELY” [1] THEY WILL HAVE TO TAKE RETIRED SCIENTISTS IN WORKING RELATIONSHIP,EXCELLENT WELFARE MEASURES IN IMPLEMENTATION [2] GREATER CONFIDENCE & FAITH BETWEEN THE EX SCIENTISTS AND TECHNOCRATS,SINCE THIS IS A EXTENDED FAMILY ENVIRONMENT [3] CAN DEPLOY THESE INDIVIDUALS LIKE EXPERTS/ADVISES/CHARTED ENGINEERS/CONSULTANTS [4] NO APPROVAL NEEDED FROM MINISTARY FOR EMPLOMENT [5] OIL CO,s MAY SAVE 50% IN THERE DEPLOMENT [6]POOL OF EXPERTS ALREADY INTACT & FIT FOR CONSULTANCY PRESENT ONGC MANAGEMENT IS WELL EQUIPPED TO TAKE THE CHALLENGE,BUT THEY WILL HAVE TO CHANGE THERE STYLE OF DEALING WITH EX ONGCIANS. FILLING GAP FOR ENERGY IMPORTS[65 MILLION TONS] CURRENT DEFICIT IN 2013 +++SH MANMOHAN SINGH PM /Minister of petroleum/CMD ONGC SINCE ONGC INDIA NOT AWARE ABOUT FEED BACK TO THE SUGGESTION OF EXONGCIANS TO SOLVE THE IMMEDIAATE PROBLEMS EFFECTING THE EXONGCIANS & USE EXPERTISE OF THEIR POOL OF EXPERT SCIENTIST AND OIL TECHNOLOGISTS,WE ARE FORCED TO SUGGEST,GOVT OF INDIA TO FLOATINDIA VIDESH INTERNATIONAL,JOINT SECTOR CO OF PUBLIC=PRIVATE CO,S AS A JOINT SECTOR ORGANISATION TO HELP CONTRIBUTE GAPS OF OIL IMPORTS IN ENERGY NEEDS , AS A MAJOR CO EQUVALENT TO THE OTHER WORLD ORGANISATION FOR SPECTULAR RESULTS,AGEING MAY NOT BE THE CRITERIA BUT MERIT BE THE ONLY BASIS. ++LOT OF SCIENTISTS & TECHNOCRATS OF OIL INDUSTRY WHO ARE OF COUSE RETIRED WITHOUT ANY BENEFITS ARE STILL AVILABLE TO HELP ONGC INDIA . IF A SCHEME IS DEVISED TO MAKE THEM PART OF THE GRAND PROJECT OF NATIONAL IMPORTANCE ,SINCE THIS CADRE IS ONE OF ENERGY SECURITY TO THE NATION. +IS THE GOVT FEELING FULLY SATISFIED WITH THE WAY SPENDING FOR IMPORTS TO CONTINUE FOR INCREASING POPULATION AT 10% EVERY YEAR OR YOU WOULD LIKE TO MEET/UTALISE ARMY OF EXONGCIANS WITH GOAL TO ACHIEVE THIS QTY OF OIL PRODUCED FROM FOREIGN BLOCKS AT 10 MT PROGRESSIVELY,AS BEING FOLLOWED BY CHINA WORLD OVER +THE PROPOSAL IS UNDER ACTIVE CONSIDERATION BY SOME OF THE NATIONALIST PARTY FOR FURTHER REVIEW,AS INFORMED TO ME BY WAKE INDIA MOVEMENT.I HAVE ONLY GIVEN A THOUGHT,ALL KNOWLEDGEABLE PEOPLE HAVE TO BRING NEW IDEAS AS WELL] +APPEAL ALREADY ISSUED AS”CHAIRMAN PLANNING COMMISSION/FINANCE MINSTER/SONIA GANDHI PRESIDENT UPA/ALL NATIONAL PARTIES & ALL MINSTERS OF CENTER & STATES” “WOULD YOU LIKE TO KINDLY REVIEW ENERGY POLICY FOR AUGUMENTING HOW TO BRIDGE THE GAP FOR PRESENT IMPORTS OF 65 MT OF CRUDE OIL AND OTHER PETROCHEMICALS PRODUCTS, WITH EXPENDITURE OF Rs 450 BILLION $ OR 450,000/- CRORES A YEAR,WOULD YOU LIKE TO REVIEW EXISTING PUBLIC SECTOR UNITS IN OIL INDUSTRY CAPABILITY IN VIEW OF THERE CONSTRAINTS OF GOVT RULES, OF SCIENTISTS/OIL TECHNOLOGIST,RESOURCES ETC.ALTERNATIVE MEANS OF OTHER OPTION AVAILABLE IN THE COUNTRY.” 31 July at 23:25 · Unlike · 2 Prem Sagar Gupta +Gautam Sen EX MEMBER EXPLORATION ONGC AND EX DIRECTOR EXPLORATION RELIANC INDUSTRIES;Thank you,I am in full agreement with the views of MR P S Gupta Today the GOI is finding it difficult to man the upstream regulatory body . Yesterdays Economic Times says that CAG wants to haul up DG for arm twisting RIL to drill 4 deep water wells .The mistake is in wrong judgment rather than an economic offense.but has cost the people of India hundreds of crores .. DG by virtue of his appointment can not be the repository of all knowledge . The initial FDP was wrong and wisdom lies in accepting mistakes rather than forcing RIL to continue with the initial FDP . Oil and gas industry is a knowledge driven industry ,not driven by ego or official position .I would suggest that each functional directors and CMD in ONGC ,OILand other Government sectors like DGH,IOC,HPCL,BPCL,GSPC and any other organisations involved in E and P should have a pool of experts,many of them drawn from erstwhile employees , who should give their opinion in writing before major decisions are made by the executive .Dissension should be welcome if it is judged by many to be beneficial.This, to my mind ,it is in national interest.. + Narayan Singh Rathore Marvellous job done. Nevertheless, these factors have drawn attention for ages but neither the Maharatna ONGC nor GOI has been serious enough to augment Production. Imagine what ONGC has improved in its functioning in last 20 year ( except rosy Statistics) ? We pay our workers with scant consideration of their needs but expect them to compete with International standards of working where salary given is 4 to 5 times of our Oil Sector. Our Global Oil Giant ONGC does not want to even give Pension to Retired Oilmen according to their Entitlement and prefers hefty payments to legal experts to prevent payment of pension in compliance of relief afforded by some High Courts. ONGC severes relations with retired ONGCians unlike other oil PSUs. Since maximum onus for oil & gas production remains with ONGC the Maharatna, its Management has to adopt more realistic approach in its use of experts in respective fields who are otherwise abandoning ONGC jobs and joining other Companies or do not feel active partners in ONGCs Plans. As rightly brought out by Dr. Gautam Sen, exploration activity in Oil Sector can not be viewed with same attitude in other Surface Industries. Our Planners do the planning in Aircondition evory Towers and commit serious mistakes of judgment/appreciation. Thanks. 24 January at 09:04 · Like · 1 +Prem Sagar Gupta Gautam Sen Thank you I am in full agreement with the views of MR P S Gupta Today the GOI is finding it difficult to man the upstream regulatory body . Yesterdays Economic Times says that CAG wants to haul up DG for arm twisting RIL to drill ...See More 31 July at 23:26 · Like · 1 Prem Sagar Gupta +Prem Sagar Gupta Thanks for your support my ongc sr citizenns ,we can show our worth to the nation,let us still give a chance to ,let CMD ONGC INDIA THEN, put his energies to make ONGC INDIA a MNC ten times expension THAN AS ON TODAY ; 4 February at 23:49 · Unlike · 1 +Prem Sagar Gupta RECORD 138 INTELLECTUALS OF THE OIL SECTOR, HAVE AGREED WITH THE POSTING AND APPRECIATED,IT IS BUT NATURAL,ONGC MUST NOW ENGAGE IN TALKS WITH THE NEW STRATEGY WHICH ONGC MUST ENVISAGE IN MEETING TARGETS FOR MEETING 85 % IMPORTS SPENDING BY THE NATION $ 450 BILLION DOLLERS,ALSO TO REVISIT WHY OLD SPECIALISED RETIREES ; BE GIVEN CONSULATNTS ROLE TO WHOM ONGC WILL HAVE TO PAY ONLY 1/3 RD OF REGULAR EMPLOYEE,,WILL ALSO HELP IN MEETING SCARCITY OF SUCH PEOPLE IN ONGC,CAN IT THINK WHY THESE PEOPLE ARE EMPLOYED IN PRIVATE OIL CO,s OF THE WORLD ? 9 February at 14:34 · Unlike · 1 +Prem Sagar Gupta THIS IS MY LIFE,THIS IS MY ONE UNIVERSE I BELIEVE IN MYSELF AND HAVE WEIGHT IN MY WORLD. 11 February at 23:16 · Like +Prem Sagar Gupta Do u know this ??? China building Oil Pipeline from Myanmar to China & Congress Government Sleeping 1) Indians crying for Petrol and Gas 2) What you think about this Government ? How many more days you can bear...See More 25 February at 13:20 · Unlike · 1 +Prem Sagar Gupta Gautam Sen I am with you in providing service to ONGC if requested . Explorationists learn everyday and it is a loss to the nation if we are unutilised 20 hours ago via · Unlike · 1 +Prem Sagar Gupta My dear friend I know this will be possible when co...See More 26 February at 11:50 · Like +Prem Sagar Gupta THANKS 138 FRIENDS LIKING MY POSTING,GOD BLESS EACH ONE OF U AND YOUR FAMILIES FOR THE SUPPORT. 15 June at 03:22 · Like +Prem Sagar Gupta WHY INDIAN MINSTER SPEAKS AFTER A LONG;THERE HAS BEEN A LOBBY WITH ALL MINISTER OF PETROLEUM TO CONTINUE IMPORT OF OIL,BUT MOILY FUTHER SAYS HE IS NOT WORRIED,DOES HE KNOWS,INDIA HAS TO SPENT 450 BILLION DOLLERS $ EVERY YEAR TO IMPORT OIL AND OIL PRODUCTS; 15 June at 03:28 · Like 31 July at 23:28 · Like · 1 Prem Sagar Gupta Prem Sagar Gupta Indias dependence on oil imports to grow 85% by 2013[ONGC INDIA AND ONGC VIDESH] *Indias dependency on oil imports is likely increase to about 85 percent by 2013 from the current level of 70 percent, driven by the rising demand for energy, industry body Assocham has said. *India eyeing Afghanistan oil & gas blocks sans bids; Turkmenistan|ONGC Videsh|ONGC|oil and gas exploration blocks|oil and gas blocks in Afghanistan|Oil and gas|Mines|Mazar-i-Sharif|Afghanistan mines|afghanistan NEW DELHI: India is hoping to secure oil ...See More about an hour ago · Like *ONGC may bid with Kuwait Petro for Indian oil blocks. Kuwait Petroleum Corporation (KPC) is likely to bid in the forthcoming round of New Exploration Licensing Policy (NELP) with state-owned ONGC, a company official said. *Kuwait Foreign Petroleum Expl...See More about an hour ago · Like *India holds back clearances for 52 oil, gas blocks India is holding back clearances for more than a fifth of the exploratory blocks it has auctioned in various rounds since 1999 to domestic and overseas energy explorers due to defense, environmental an...See More about an hour ago · Like *Indias new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand. *Veerappa Moily was appointed as the countrys new Petroleum and Natural Gas Minister, *Moily said his ministry would create a roadmap to help the energy-starved nation improve its investment climate and increase oil and gas output and build downstream infrastructure, such as liquefied natural gas terminals and pipeline networks.*We have to keep our doors and windows open for whosoever wants to invest here, Moily told reporters on Monday.*We have to create a level of confidence among investors. The emphasis will be on quick decisions as delayed decisions cost the nation. +,Reliance, controlled by billionaire Mukesh Ambani, Asias second-richest man, had clashed with the oil ministry under Reddy over gas output at the conglomerates KG-D6 block on Indias east coast.Reliance and partner BP Plc have blamed a decline in pressure and water ingress for falling production, and sought an increase in gas prices to justify higher expenditure to develop the block, but the government has so far remained unconvinced. *Asked if he favoured a revision in the price of gas from the D6 block earlier than a review scheduled for 2014, Moily declined to address the matter specifically.I dont want to take name of any particular company ... It is a matter of detail ... Decisions will be quick and hastened,he said. Moilys appointment will be weclomed by investors, said one industry analyst at a large domestic brokerage, who declined to be identified. Sentiment-wise this would be positive, as with the earlier minister approvals were not coming on time. Talks between the company and the ministry may improve.Moily may fast-track some approvals, said V.K. Vijayakumar, an investment strategist at Geogit BNP Paribas.Further approval regarding the joint application by Reliance Industries and BP for KG-D6 gas might get expedited, that is one possibility, he said.Moily said India had attracted US$13 billion worth of investment in the nine auctions held under its licensing policy since 1999.ndia plans to relax rules for oil and gas exploration licences in time for the next bidding round, so as to attract global companies. In the past, regulatory uncertainty discouraged many of them from bidding for exploration blocks.Moily said there was a need to boost investment in the exploration sector, adding that he would mobilise resources from every avenue, including getting the external affairs ministry to encourage local oil companies to buy assets abroad.Without directly touching upon cutting fuel subsidies, he expressed concern over mounting revenue losses at state fuel retailers, adding, There are inefficiencies in the system that have to be removed.Many of Indias gas-based power plants are idle as domestic gas output has declined and infrastructure to import and supply gas is inadequate. Gautam Sen 19 August at 13:06 · . GOI is seriously considering revenue sharing in their new PSC s.Our mandarins in Shastri Bhawans and think tanks of Oil and gas could realise after two and a half decade that revenue sharing is far less cumbersome and much simpler to operate.Pandits need to understand that mere investment does not necessarily convert to Oil and gas .Having spent life time in both public and private sector in oil and gas I feel if this change were adopted right from the first PSC india s oil and gas industry would have been far more developed . UnlikeUnlike · · Share You and 7 others like this.. Mohan Iyer Truly said Sir. The GOI went ahead with a typical old style Marwadi approach for the sector..... 19 August at 18:40 · Unlike · 1 .. Gautam Sen Forget blaming we have ruined India s oil and gas industry 19 August at 22:00 · Unlike · 1 .. Dipak Ranjan Ghosh Might be. 19 August at 23:17 · Unlike · 1 .. Rajul N. Desai Not quite true Gautam. Profit sharing is far simpler and beneficial to small-field operators. Revenue sharing is cumbersome for all parties. Government will then be nit-picking all your accounts and it will take years to arrive at the correct revenue sharing quantum. Revenue sharing is a poor cousin of the Royalty-Tax model (otherwise known as Concession model).and with all the unwelcome features which are otherwise not there in the Royalty-Tax model. Yesterday at 13:18 · Unlike · 1 .. Veluri Keshav Rao not necessarily true. India is under explored country and unless incentives are offered for sharing the products it is unlikely that global majors would like to invest and innovate. And Mr sen,s contention that had we adopted the revenue sharing model we would have been much developed could be a myth and misleading notion. Only TIME will telln 16 hrs · Unlike · 1 .. Rajul N. Desai This assumption is wrong (that the revenue model will do away with controls by DGH/GOI). After all,the Govt. Has to collect its economic rent from the company(ies). In case the discovery is small, the company may not be able to develop it and produce, in the revenue model but in the PSC model, the company might be able to because with small production the profit share for the Govt. Will also be small/nil. The Govt. Cannot be SEEN to be making money. The prime reason for offering exploration blocks was that ONGC and OIL were not able to spread their operations far and wide. Gold plating is an accepted practice and cannot be stopped just like corruption. Every year the company has to submit a detailed report on costs that are recoverable and the GOI has to approve. Unapproved costs CANNOT be recovered. This is one control which the GOI exercises to Mimi IDE gold plating. More later. 16 hrs · Unlike · 1 .. Gautam Sen Thanks for the response.A private player invests huge money in oil and gas to earn profits and not for charity.It is the duty of GOI and DGH to make rules of the game simple and transparent.Why should it become necessary for the CAG to audit private players .Obviously this is not a desirable situation and this calls for a change.Role of Goi and DGH will not diminish if we change our PSC Rather I have always felt that DGH needs to equip itself technically..Reserves accepted by DGH in KG D 6 has been drastically reduced by the operators.Production in Barmer is being enhanced from 175000 bopd to touch 300000 bopd using polymer flooding with water injection and monitoring through 4 D seismic.Hope DGH has done its due diligence and production enhancement is not at the cost of ultimate recovery.Only time will tell. 5 hrs · Unlike · 2 .. Shyamal Majumdar With due respect to the flourishing private investment to the oil gas sector ,it is but natural that the money making shall dominate their strategy.The revenue sharing model does not encourage investment in the frontier areas of exploration ,which is the primary need of the hour. 4 hrs · Unlike · 1 .. Gautam Sen Why should a businessman invest in frontier area with the existing PSC and not in a simple transparent revenue sharing ? Prospectivity in either situation does not change. The Investment multiple concept in today s P SC is just a sham to encourage manipulation.We need to get out of manipulative mindset .A time has come when we should call a spade a spade.We have been talking of frontier areas in Indian basins for decades and except for Mangla and D6 we have not found a single game changer after Bombay high.Nation will gain far more if we deploy our human and financial resources in more productive areas of the world and also in newer areas like shale gas keeping ground reality like land availablity and water requirement in view.,before zeroing on the areas. 3 hrs · Unlike · 1 .. Biswajit Basu Are we not arguing on a lost case? What remains in the Indian oil and gas scene? Be rational . 1 hr · Unlike · 1 .. Veluri Keshav Rao Investment multiple computation may be re designed /redefined .But that shd not mean that otherProduction Sharing related incentives do not exist. Common Mr Sen -try to understand the concepts to explore and discover the potential first... V S Rao Veeturi Looks.... focus is not on economy nor oil imports nor private partners ....ongc should switch to PF from cpf.......economy is also linked with gold but we are importing ... automobiles though assembled in India, parts are imported, nothing is left...at high end. Simply Roti Kapada aur Makan are not imported. 21 August at 22:12 · Edited · Unlike · 1 Prem Sagar Gupta When a new day begins, dare to smile gratefully. When there is darkness, dare to be the first to shine a light. When there is injustice, dare to be the first to condemn it. When something seems difficult, dare to do it anyway. When life seems to beat you down, dare to fight back. When there seems to be no hope, dare to find some. When you’re feeling tired, dare to keep going. When times are tough, dare to be tougher. When love hurts you, dare to love again. When someone is hurting, dare to help them heal. When another is lost, dare to help them find the way. When a friend falls, dare to be the first to extend a hand. When you cross paths with another, dare to make them smile. When you feel great, dare to help someone else feel great too. When the day has ended, dare to feel as you’ve done your best. Dare to be the best you can – At all times, Dare to be!” Prem Sagar Gupta Retd General Manager[Oil & Natural Gas Corporation India] Personnel Director, Base Missionary at BEAUTIFUL PLANET EARTH 393 followers
Posted on: Sun, 12 Oct 2014 12:53:40 +0000
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