Prime Minister Narendra Modi is right: public transport is the rational choice. But governments cannot expect citizens to trust systems neglected for decades
The Centre reduced royalty rates on offshore deepwater and ultra-deepwater oil production to boost exploration and ease industry costs amid global energy volatility. The revised framework lowers levies for initial production years while retaining existing rates for onland and shallow-water categories
Oil Minister Dharmendra Pradhan said with the latest bid round, the government has in the last four years awarded 1.56 lakh square kilometre of acreage for finding and producing oil and gas.
