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PETROLEUM ACT AMENDMENTS
Govt proposes tougher penalties for petroleum offences, decriminalises licence breachesThe Indian government has proposed amendments to the Petroleum Act, aimed at decriminalizing regulatory breaches. Violations of petroleum l...- India’s bid to keep carbon cash home as Europe adds a new trade costIndia’s exporters face new carbon costs under the EU’s CBAM, which took effect in January 2026. For carbon-intensive industries such as ste...
- Assam govt to invest Rs 50,000 crore in developing infra over five years: Himanta Biswa SarmaAssam is set to allocate an impressive fifty thousand crore rupees over the next five years towards bolstering its infrastructure. This amb...
- India’s $40 billion Russian oil lifeline shouldn’t buckle under Trump’s 100% tariff threat: GTRIAs long as it proves to be economically feasible, India should persist in acquiring Russian crude oil. A new Senate bill from the US threat...
- Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habitIndia's government will fund offshore oil and gas exploration directly from its national budget. The "Samudra Manthan" scheme allocates sig...
- Anti-paper leak bill, Supreme Court judges amendment on Parliament agendaThe Lok Sabha will consider a bill to prevent unfair means in public examinations. Another bill aims to increase the number of Supreme Cour...
- 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...
- 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...
- PESO to formulate safety norms to allow petrol pumps within 30-50 mtrs of habitation: Piyush GoyalCommerce and Industry Minister Piyush Goyal has instructed PESO to develop safety guidelines for petrol pumps to operate near residential a...
- Ease of doing business: License seeking eased for petrol, explosives-related activitiesThe move is crucial as India aims to break into the top 50 in the World Bank ease of doing business ranking. The country’s rank had jumped ...
- CII urges government to bring oil, natural gas under GSTThe GST was rolled out from July 1, 2017 by subsuming most of the Central and State indirect taxes into a single tax.
- Abolished various cesses via budgets to pave way for GST: GovernmentHowever, seven cesses will continue to be levied under the Goods and Services Tax regime since they pertain to customs or goods which are n...
- Congress demands separate law for transparency in poll fundingThe opposition party also accused the government of giving an "under-performing economy" to the country as it failed to benefit from the wo...
- GST notification doesn’t end government’s power to levy excise"We have had discussion with AG and he opined that there is no problem with the notification," the official said citing Section 19 of the a...
- After GST law, can government still levy excise on goods?Government officials claimed a transitional provision provided in the constitution amendment will allow them to continue to collect excise ...
- Trade unions unappeased after meeting PM Narendra Modi in absence of any concrete assuranceOn the eve of the 46th Indian Labour Conference, PM Narendra Modi met leaders of trade unions and heard their views on economic policy,
- Oil, gas pipeline attacks will entail deathParliament on Wednesday passed an amendment to the Petroleum Pipelines Act that makes such activities punishable by even death sentence.
- Parliament passes bill seeking death for oil pipeline damageParliament today passed an amendment to the oil pipelines act to make destroying oil and gas pipelines punishable by a maximum of death sen...
- Government's legislative agenda in winter sessionA look at the legislative agenda of the government and the new Bills that are to be discussed in the winter session of the parliament.
- Govt mulls more powers for oil regulatorThe government may soon strengthen the downstream regulator in the oil & gas sector by making ‘suitable’ amendments in the provisions of th...
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