Current Affairs - Persons - Discussion

A six-member committee has been constituted by the government which will look at selling as many as 149 small and marginal oil and gas fields of state-owned ONGC and Oil India to private and foreign companies to boost domestic output. The committee will be headed by NITI Aayog Vice Chairman Rajiv Kumar and includes Cabinet Secretary P K Sinha, Economic Affairs Secretary Subhash Chandra Garg, Oil Secretary M M Kutty, NITI Aayog CEO Amitabh Kant and ONGC Chairman and Managing Director Shashi Shanker. Earlier on 12thOctober, Prime Minister Narendra Modi called a meeting to review domestic production profile of oil and gas and the roadmap for cutting import dependence by 10 per cent by 2022 from the over 77 per cent dependence in 2014-15. But the dependence has only increased and is now over 83 per cent.