Enter your email address:


Subscribe for Latest Schemes of Government via e-mail Daily
Free ! Free ! Free!

Delivered by FeedBurner

माननीय प्रधानमंत्री ने राष्ट्र की स्वतंत्रता के 75 वर्ष पूर्ण हो जाने पर वर्ष 2022 तक सभी के लिए आवास की परिकल्पना की है। इस उद्येश्य की प्राप्ति के लिए केन्द्र सरकार ने एंक व्यापक मिशन "2022 तक सबके लिए आवास" शुरू किया है। 25 जून 2015 को प्रधानमंत्री श्री नरेन्द्र मोदी ने इस बहुप्रतीक्षित योजना को प्रधानमंत्री आवास योजना के नाम से प्रारम्भ किया है।
Hon’ble Prime Minister envisioned housing for All by 2022 when the Nation completes 75 years of its Independence. In order to achieve this objective, Central Government has launched a comprehensive mission “Housing for All by 2022”. This much awaited scheme has been launched by the Prime Minister of India, Sh. Narendra Modi on 25th June, 2015 as Pradhan Mantri Awas Yojana.

2018-04-11

Cabinet approves Delegation of Powers to Minister of Petroleum and Natural Gas and Minister of Finance to approve the award of the Blocks/Contract Areas to successful bidders


Cabinet approves Delegation of Powers to Minister of Petroleum and Natural Gas and Minister of Finance to approve the award of the Blocks/Contract Areas to successful bidders

Boost to Ease of Doing Business in Petroleum & Natural Gas Sector 

In line with the Government initiative of ease of doing business, the Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for delegating the powers to Minister of Petroleum and Natural Gas and Finance Minister to award the Blocks/Contract Areas to successful bidders under Hydrocarbon Exploration and Licensing Policy (HELP) after International Competitive Bidding (ICB) based on the recommendations of Empowered Committee of Secretaries (ECS). Under HELP, Blocks are to be awarded twice in a year. Therefore, this delegation of powers will expedite the decision making process on awarding blocks and give a boost to the initiative of ease of doing business.

Impact:

Under the NELP Policy, ECS considers the Bid Evaluation Criteria (BEC), conducts negotiations with the bidders wherever necessary and make recommendations to CCEA on award of blocks. The CCEA approves the award of blocks. The entire process, including Inter Ministerial Consultations (IMC) is quite lengthy and time consuming. In consonance with the Government initiative of ‘Ease of Doing Business’, it is desirable to shorten the duration of time taken for award of the Blocks / Contract Areas.      Under     the      New Hydrocarbon Exploration and Licensing Policy’ the competitive bidding will be continuous and blocks will be awarded twice a year.

Background:

Government of India launched a new policy regime for Exploration & Production (E&P) sector namely Hydrocarbon Exploration and Licensing Policy (HELP) in 2016 which is paradigm shift from earlier policy regime. The main features of new Policy regime are Revenue Sharing Contract, single Licence for exploration and production of conventional as well as unconventional Hydrocarbon resources, marketing & pricing freedom, etc. Open Acreage Licensing Policy (OALP) under HELP, is main innovative feature wherein investor can carve out Blocks of their own interest and submit an Expression of Interest (Eol) throughout the year. Based on the areas for which expression of interest has been expressed bidding will be conducted every 6 months.

Government received an overwhelming response in first Eol cycle of OALP which started on 1st July, 2017 and closed on 15thNovember, 2017. In the first Bid round, 55 blocks, having an area of 59282 sq.km spreading across 11 States have been offered for bidding. The bidding process is being handled through a secured and dedicated e-bidding portal.

Source: PMINDIA

No comments:

Post a Comment

Click on the desired scheme to know the detailed information of the scheme
किसी भी योजना की विस्‍तृत जानकारी हेतु संबंध्‍ाित योजना पर क्लिक करें 
pm-awas-yojana pmay-gramin pmay-apply-online sukanya-samriddhi-yojana
digital-india parliamentray-question pmay-npv-subsidy-calculator success-story
faq mann-ki-bat pmjdy atal-pension-yojana
pm-fasal-bima-yojana pmkvy pmegp gold-monetization-scheme
startup-india standup-india mudra-yojana smart-cities-mission