Govt may share oil and gas offshore royalties with states - Moneycontrol.com

By
Viraj
on February 3, 2010 12:17 AM | | TrackBacks (0)
The government is considering reforming the royalty regime with respect to the oil and gas industry and the Centre may start sharing exploration and production (E&P) offshore royalty with states, CNBC-TV18 reports quoting sources.

Manufacturer of Diesel Tanks India.

A draft cabinet note on the move is being examined by the budget and infrastructure divisions of the Department of Economic Affairs are learnt to be examining the note and a final call on the proposal would be taken by the Finance Ministry. The central government earned Rs 9,423 crore in FY09 from petroleum royalties and is estimated to mop up Rs 8,018 crore in FY10.

Full Story: Govt may share oil and gas offshore royalties with states - Moneycontrol.com

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This page contains a single entry by Viraj published on February 3, 2010 12:17 AM.

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