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The Rajya Sabha yesterday gave its nod to the Oilfield (Regulation and Development) Amendment Bill 2024. The Bill amends the Oilfields (Regulation and Development) Act, 1948.
Replying to a debate on the Bill, Petroleum and Natural Gas Minister Hardeep Singh Puri said the Bill ensures policy stability, sharing of infrastructure, carbon capture, decriminalisation and easy resolution of disputes. He said, it only changes terminology and does not hamper the rights of States.
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