The Rajya Sabha passes a bill amending the Oilfields Act of 1948, offering policy stability, international arbitration, and extended leases...

Prime Minister Narendra Modi lauded the Oilfields (Regulation and Development) Amendment Bill, 2024, passed in the Rajya Sabha, as crucial ...

Union Finance Minister Nirmala Sitharaman is set to move the Banking Laws (Amendment) Bill, 2024, in Lok Sabha, targeting amendments to maj...

India's fuel consumption is rising while global demand weakens, affecting next year's crude purchase negotiations. The govt plans to pass b...

The salient features of the amendments proposed in the said Bill, introduced in the Upper House today, are delinking petroleum operations f...

The petroleum ministry has proposed amendments to existing law to include cleaner sources of energy like hydrogen within the definition of ...

The notification follows changes in the Payment of Gratuity Act which had empowered the government to fix the ceiling of the retirement ben...

Minister of State (Independent Charge), Labour and Employment Santosh Gangwar moved the Bill for passage in the Rajya Sabha soon after the ...

The ceiling of tax-free gratuity stands enhanced to Rs 20 lakh from existing Rs 10 lakh for employee under the Payment of Gratuity Act.

The 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...

The Gratuity Amendment Bill is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for ta...

The gratuity limit for private sector is expected to be raised to Rs 20 lakh in line with that in the government sector.

Govt to notify the period of maternity leave and gratuity that can be availed by employees under a central law

Govt is ready with the Payment of Wages (Amendment) Bill, 2016 which empowers the Centre and states to specify industrial or other establis...

The Chief Minister pointed out that Central PSUs namely OIL and ONGC engaged in production of petroleum in Assam waste away a considerable ...

The rates of minimum wages fixed by central government are applicable to establishments under its authority.

Given the risk involved and diminishing global interest in Indian oil & gas acreage, the industry is looking forward to fiscal incentives i...