Removal From The Oil Ministry
The last cabinet reshuffle of the UPA-II government took place on 28 October 2012. Jaipal Reddy known for his honesty was shifted from his current ministry to the Science and Technology ministry. The oil ministry had imposed a fine of 7000 Rs. crores on Mukesh Ambani's company for the sharp drop in production of gas and violations mentioned in CAG's 2011 report. Further, the oil ministry did not approve company's US$7.2 billion stake in deal with BP. The rival parties including the BJP, SP, and Arvind Kejriwal said that he was removed owing to alleged pressure from the corporate houses, particularly from the Reliance group of Industries. However he refuted the claims and said that he needs to understand the new portfolio.
Read more about this topic: S. Jaipal Reddy
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