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OILFIELDS ACT AMENDMENT
‘It’s not like a lockdown is going to take place tomorrow’: Puri dismisses fears after PM Modi’s fuel-saving pushUnion Minister Hardeep Singh Puri reassured citizens that no lockdown-like restrictions are imminent despite Prime Minister Modi's call for...- Explorations in India is now "easier, faster, and more profitable than ever before": Hardeep PuriHardeep Puri highlighted policy reforms to boost oil and gas exploration. These reforms aim to ease business for operators. Amendments to t...
- How ORDA amend can help India become atma nirbhar in energy needsIndia is working towards energy independence. The nation is heavily reliant on oil imports. The government is introducing reforms to boost ...
- Rajya Sabha passes bill to amend oilfields ActThe Rajya Sabha passes a bill amending the Oilfields Act of 1948, offering policy stability, international arbitration, and extended leases...
- Oilfields bill an important legislation: PM ModiPrime Minister Narendra Modi lauded the Oilfields (Regulation and Development) Amendment Bill, 2024, passed in the Rajya Sabha, as crucial ...
- FM Nirmala Sitharaman to move Banking Laws (Amendment) Bill in Lok Sabha tomorrowUnion Finance Minister Nirmala Sitharaman is set to move the Banking Laws (Amendment) Bill, 2024, in Lok Sabha, targeting amendments to maj...
- Changed oil market may help India extract better deals from suppliersIndia's fuel consumption is rising while global demand weakens, affecting next year's crude purchase negotiations. The govt plans to pass b...
- Bill to amend delinking petroleum operations from mining introduced in Rajya Sabha by Hardeep PuriThe salient features of the amendments proposed in the said Bill, introduced in the Upper House today, are delinking petroleum operations f...
- Petroleum Min proposes changes in law to include hydrogen in mineral oilThe petroleum ministry has proposed amendments to existing law to include cleaner sources of energy like hydrogen within the definition of ...
- Tax-free gratuity ceiling raised to Rs 20 lakh for private sector employeesThe notification follows changes in the Payment of Gratuity Act which had empowered the government to fix the ceiling of the retirement ben...
- Parliament passes Gratuity BillMinister of State (Independent Charge), Labour and Employment Santosh Gangwar moved the Bill for passage in the Rajya Sabha soon after the ...
- Parliament passes bill that lets govt double tax-free gratuity to Rs 20 lakhThe ceiling of tax-free gratuity stands enhanced to Rs 20 lakh from existing Rs 10 lakh for employee under the Payment of Gratuity Act.
- Lok Sabha passes bill to enable govt to double tax-free gratuity to Rs 20 lakhThe amendment will allow govt to enhance the ceiling of tax-free gratuity to Rs 20 lakh from existing Rs 10 lakh for employee under the Pay...
- Tax free Rs 20 lakh gratuity for employees may be a reality soonThe Gratuity Amendment Bill is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for ta...
- Bill to increase maternity leave period & gratuity limit tabled in Lok SabhaThe gratuity limit for private sector is expected to be raised to Rs 20 lakh in line with that in the government sector.
- Bill floated in Lok Sabha to amend Payment of Gratuity ActGovt to notify the period of maternity leave and gratuity that can be availed by employees under a central law
- Centre, states to list industries for cashless wage paymentGovt is ready with the Payment of Wages (Amendment) Bill, 2016 which empowers the Centre and states to specify industrial or other establis...
- Assam govt seeks suitable amendment of Oilfields (Regulation & Development) Act 1948The Chief Minister pointed out that Central PSUs namely OIL and ONGC engaged in production of petroleum in Assam waste away a considerable ...
- Government considering amendments to Minimum Wages ActThe rates of minimum wages fixed by central government are applicable to establishments under its authority.
- Budget 2012 should provide fiscal incentives to the oil & gas sectorGiven the risk involved and diminishing global interest in Indian oil & gas acreage, the industry is looking forward to fiscal incentives i...
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