<p>Stepping into a ministry that had in recent times been attacked for slow decision making, the new Petroleum Minister M Veerappa Moily on Monday promised quick decisions by creating an environment conducive for investment.<br /><br /></p>.<p>Moily, 72, who replaced S Jaipal Reddy, said his priority would be to intensify domestic oil and gas explorations to reduce dependence on import.<br /><br />“Emphasis will be on quick decision making and innovation. Decisions should not be delayed. Delaying decisions will cost the nation,” the minister said after assuming charge.<br />Lauding his predecessor, under whom the ministry was accused of being indecisive and almost halting oil and gas exploration, Moily said Reddy had done a “wonderful job, setting highest standard of probity in administration.”<br /><br />“Many a time it happens (that) you avoid taking decisions. That is not a solution. Avoiding or delaying decision is not a solution. And this is where we need to very seriously work on,” said Moily, who was previously minister for Power and Corporate Affairs.<br /></p>
<p>Stepping into a ministry that had in recent times been attacked for slow decision making, the new Petroleum Minister M Veerappa Moily on Monday promised quick decisions by creating an environment conducive for investment.<br /><br /></p>.<p>Moily, 72, who replaced S Jaipal Reddy, said his priority would be to intensify domestic oil and gas explorations to reduce dependence on import.<br /><br />“Emphasis will be on quick decision making and innovation. Decisions should not be delayed. Delaying decisions will cost the nation,” the minister said after assuming charge.<br />Lauding his predecessor, under whom the ministry was accused of being indecisive and almost halting oil and gas exploration, Moily said Reddy had done a “wonderful job, setting highest standard of probity in administration.”<br /><br />“Many a time it happens (that) you avoid taking decisions. That is not a solution. Avoiding or delaying decision is not a solution. And this is where we need to very seriously work on,” said Moily, who was previously minister for Power and Corporate Affairs.<br /></p>