Narendra Modi & Oil and Natural Gas Corporation

Narendra Modi: Prime Minister Modi chaired the Cabinet meeting that approved the scheme, aligning with his vision of Viksit Bharat and energy self-reliance, which may bolster his government's economic credentials.

Oil and Natural Gas Corporation: ONGC has already spudded its first deepwater exploratory well under the scheme, positioning it as a primary beneficiary and likely to see increased exploration activity and potential reserve additions.

Narendra Modi: Narendra Modi>>>, as the Prime Minister of India>>>, is being criticized by opposition parties for the fuel price hikes, with allegations that his government delayed price revisions until after key state elections and is now burdening the public with inflation.

Oil and Natural Gas Corporation: Oil and Natural Gas Corporation>>>, as a state-run oil company, is experiencing financial pressure due to rising crude oil prices and a weakening India — Indian rupee>>>. Its director, Sushma Rawat>>>, has commented on the volatility of crude prices and the need for 'belt tightening' through fuel price hikes.

Narendra Modi: Prime Minister Modi is the primary target of the allegations, which could damage his anti-corruption image.

Oil and Natural Gas Corporation: Allegedly involved in a forced merger to cover up a scam, potentially affecting its reputation.

Narendra Modi: Prime Minister Modi's visit to the UAE facilitated ADNOC's storage expansion announcements, supporting India's energy security diplomacy.

Oil and Natural Gas Corporation: ONGC is the lead developer of the new 1.75 MMT strategic petroleum reserve, receiving board approval and engaging with the government for commercial utilization. This project enhances ONGC's role in India's energy security infrastructure.