A new fiscal regime for oil and gas output is broadly welcome with attendant institutional revamp
There seems much policy reform in the pipeline in the oil and gas sector. The report of the ‘Committee on the production sharing contracts mechanism in petroleum industry’ calls for policy overhaul to incentivise exploration and production (E&P) of hydrocarbons. The panel, headed by Dr C Rangarajan, has recommended a revamped policy regime for new contracts in the upstream oil and gas industry based on upfront revenue share for government, rather than cost recovery for licensee operators being the primary focus as at present.
A recent paper published by the IIC in the Capital elaborates on the Magarpatta story: how land-owning agriculturists in the Pune municipal area got together to form a corporate entity for planned
SCIENCE is nothing but developed perception, interpreted intent, common sense rounded out and minutely articulated, noted the philosopher George Santayana, musing on modernity and progress. That was then, when the ill-effects of fossilfuel usage, consequent emission of gaseous carbon and resultant global warming was not quite apparent.
A new era in renewables is clearly round the corner. Things seem to be moving on the right track, but there is a need to have clear-cut norms and proactive policy to coagulate funds and resources right along the board in the renewable energy space
Jaideep Mishra
Solar power remains the brightly promising spot in the field of renewable energy, and its prospects seem to be improving by the day.
