Ease of doing business: Petroleum, Finance Ministers get govt nod to award blocks
Ease of doing business: The decision came after International Competitive Bidding (ICB) based on the recommendations of Empowered Committee of Secretaries (ECS). Under HELP, blocks are to be awarded twice in a year. Therefore, delegation of powers will expedite the decision making process on awarding blocks and give a boost to the initiative of ease of doing business, the Ministry of Petroleum and Natural Gas said
Ease of doing business: The government had received an overwhelming response in first Eol cycle of OALP which started on July 1, 2017 and closed November 15, 2017. Image source: Reuters