Question
Recently Union Cabinet has approved giving one time
grant amounting to Rs.22,000 crore to which of the following ministry?Solution
The Government has approved a one-time grant amounting to Rs 22,000 crore for the three public sector oil marketing companies (OMCs).This will help them tide over continuing losses in providing domestic liquified petroleum gas (LPG). The grant will be distributed among Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL). The approval will help the three state-owned firms to continue their commitment to the Atmanirbhar Bharat Abhiyaan. It would ensure unhindered domestic LPG supplies and support the procurement of Make-in-India products. IOCL Headquarters: New Delhi Chairman & MD: Shrikant Madhav Vaidya BPCL Headquarters: Mumbai CMD: Arun Kumar Singh HPCL Headquarters:Mumbai Chairman & MD: Pushp Kumar
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