E-PaperLicensing Policy News
Govt to launch delayed second round of oil block auction today
India had in July 2017 allowed companies to carve out blocks of their choice with a view to bringing about 2.8 million sq km of unexplored area in the country under exploration
4 min read7 Jan 2019ONGC, OIL spent over ₹13,000 crore on 115 discoveries sold to private companies: Pradhan
ONGC and OIL are not compensated for the amount they had spent on discoveries of these oil and gas reserves. Unlike state-owned firms, the private players are allowed pricing and marketing freedom to make these discoveries viable
2 min read17 Dec 2018Cabinet reduces ONGC’s burden of levies in pre-NELP oil blocks
Income tax benefits have now been extended to all the 28 oil and gas fields awarded before the advent of the New Exploration Licensing Policy (NELP) in 1999
1 min read18 Jul 2018New industrial policy to be announced soon: Suresh Prabhu
The government has finalised the new industrial policy, which is set to be announced soon, commerce and industry minister Suresh Prabhu said
1 min read23 Apr 2018New oil and gas licensing regime faces maiden test tomorrow
India's first auction of oil and gas blocks under a new liberal licensing regime on Thursday is set to test investor appetite
2 min read17 Jan 2018ONGC looking to aggressively expand acreage under exploration
ONGC to aggressively increase portfolio of assets once open acreage licensing policy comes into force in July
3 min read29 May 2017All unexplored oil fields to go under the hammer in 2017
In a departure from the practice of offering a limited number of fields for auction at a time, all unexplored basins will be open for bidding
2 min read26 Sep 2016HSBC’s slimming plan may be healthy for Indian banking
As foreign banks look to compete via digital banking and fintech, Indian lenders will have to raise their own technology game to keep up
2 min read20 May 2016The new energy policy makes essential changes
It could signal market-oriented reforms that have been long overdue
3 min read15 Mar 2016Niko Resources in DGH radar over govt’s unpaid profit share
The block in question was awarded to Niko under the second round of the new exploration licensing policy
3 min read30 Sep 2014Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared