TIA NEWS /
India’s Petroleum and Natural Gas Minister Dharmendra Pradhan has said that the new hydrocarbon exploration and licensing policy will augur a new era in the hydrocarbon sector in the country.
Talking to media persons in New Delhi today, Mr Pradhan said, a major paradigm shift has been effected in the hydrocarbon sector for the first time since independence.
He said, Government has taken many pathbreaking measures in petroleum and hydrocarbon sector in the last 20 months. The Minister said, the new policy is also aimed at enhancing and ensuring transparency in administration of Hydrocarbon Sector.
He said, it will enhance domestic oil and gas production, bring substantial investment in the sector and generate sizable employment. Mr Pradhan said, the policy is in tune with Government’s policy of Minimum Government and Maximum Governance.
He said, limitations of New Exploraton Licensing Policy, NELP have been addressed in the new Hydrocarbon Exploration & Licensing Policy. Mr Pradhan said, under the new policy, Government will not be concerned with the cost incurred and is in tune with the policy of ease of doing business. He said, the policy provides for lower royalty rates compared to NELP.
He said, Pradhan Mantri Ujjwala Yojana will empower women from BPL Households and connections will be given in the name of women beneficiaries. He said, identification of BPL families will be made in consultation with State Governments and Union territories.
Speaking on the occasion, Minister of State for Information and Broadcasting, Col Rajyavardhan Singh Rathore said, media plays the crucial role of taking government schemes to rural population.
