‘Petroleum, Finance Ministers can award hydrocarbon blocks’
Context
Cabinet move will expedite decision-making process relating to HELP
What has happened?
The Union Cabinet on Wednesday approved a proposal to delegate the power to award hydrocarbon blocks to successful bidders under the Hydrocarbon Exploration and Licensing Policy (HELP) to Petroleum and and Finance Ministers
HELP
Under HELP, blocks are to be awarded twice in a year. Delegating powers would expedite the decision-making process in awarding the blocks, according to the statement
Coal India and subsidiaries can extract coal bed methane
Cabinet Committee on Economic Affairs approved the issuance of a notification that would allow Coal India Limited (CIL) and its subsidiaries to extract coal bed methane (CBM) in their coal bearing areas without applying for a licence or lease under the Petroleum & Natural Gas Rules, 1959.
