Current Affairs - Bills and Acts - Discussion

Discussion Forum : Bills and Acts - Latest Current Affairs (Q.No. 18)
18.
Which Act is being amended by the Bill to delink petroleum from mining operations and ensure lease stability?
Oilfields (Regulation and Development) Act, 1958
Oilfields (Regulation and Development) Act, 1968
Oilfields (Regulation and Development) Act, 1978
Oilfields (Regulation and Development) Act, 1948
Answer: Option
Explanation:
The Oilfields (Regulation and Development) Act, of 1948, is a crucial legislation that regulates the oil and gas sector in India. The Bill aims to amend this Act to delink petroleum from mining operations, ensure lease stability, and decriminalize certain offences. This amendment is expected to attract foreign investments and provide regulatory clarity, but critics argue that it lacks a long-term vision for energy security and domestic exploration incentives.
Discussion:
Be the first person to comment on this question !

Post your comments here:

Your comments will be displayed after verification.