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Dharmendra Pradhan: What is he going to be remembered for?
Nov 08: Petroleum minister Dharmendra Pradhan may not be remembered as someone who could arrest the alarming rise in India's oil dependency ratio despite the Prime Minister's avowed goal of bringing it down rapidly. Fact of the matter is that he has failed on this front.
8He has unveiled new policies but they have not been able to coax foreign investments into India E&P sector. While in tenure, he has not been successful either in persuading ONGC and OIL to push production up, eventually forcing his nationalist government to go against its deeply help beliefs to appoint a committee which will investigate the possibility of auctioning some of their nomination fields
8Nor has he been very successful in coaxing his own government to cut taxes to bring petrol and diesel prices down.
8But he has won a right to be remembered by posterity for the remarkable work he has done to introduce and effectively implement the Direct Subsidy Scheme for LPG.
8No doubt the scheme still has many problems, but his body of work on this subject is now the focus of global scrutiny by governments, research institutes and universities as a model to follow.
8This will remain Pradhan's indelible contribution to the world well after he demits office. By Aniruddha Sharma
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