Daily Archives: March 10, 2016

Manufacturing of components of Atomic plants in India

By | March 10, 2016

Manufacturing of components of Atomic plants A “Programme of Action” for localisation of manufacturing in India for Russian designed nuclear power plants, was signed between Department of Atomic Energy (DAE) and Russia’s Atomic Energy Corporation ‘ROSATOM’ on 24.12.2015. Under the above Programme of Action, both sides agreed to take time-bound specific steps towards finalising the… Read More »

Raising of resources to Fund Nuclear Insurance Pool

By | March 10, 2016

Raising of resources to Fund Nuclear Insurance Pool M/s General Insurance Corporation of India (GIC-Re), along with several other Indian Insurance Companies, have launched the India Nuclear Insurance Pool (INIP) with a capacity of ₹1500 crore on 12th June, 2015, to provide insurance to cover the liability as prescribed under Civil Liability for Nuclear Damage… Read More »

Govt Approval for LIGO-India

By | March 10, 2016

Approving of LIGO-India The Government has given in-principle approval for setting up Laser Interferometer Gravitational Wave Observatory (LIGO) in India. The LIGO-India project will establish a state-of-the-art gravitational wave observatory on the Indian soil in collaboration with the LIGO Laboratory in the U.S. run by Caltech and Massachusetts Institute of Technology. The project will bring… Read More »

Award of Ratna and R-series Fields

By | March 10, 2016

Award of Ratna and R-series Fields The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved cancellation of the Letter of Award dated 12.03.1996 issued in favour of consortium of M/s. Essar Oil Limited and M/s. Oil Pacific UK Ltd awarding the medium sized discovered field of Ratna& R-Series… Read More »

Govt to extend Production Sharing Contracts for small and medium sized discovered fields

By | March 10, 2016

Policy for the Grant of Extension to the Production Sharing Contracts signed by Government awarding small, medium sized and discovered fields to privateJoint Ventures The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved a policy for grant of extension to the Production Sharing Contracts for small and medium… Read More »

Pricing freedom for gas to be produced from Discoveries

By | March 10, 2016

Decision on Marketing including Pricing freedom for the gas to be produced from Discoveries in High Pressure-High Temperature, Deepwater and Ultra Deepwater Areas The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approveda proposal to grant marketing including pricing freedom for the gas produced from High Pressure High Temperature,… Read More »

India and Bahrain Cooperation for Prevention of Human Trafficking

By | March 10, 2016

Memorandum of Understanding between India and Bahrain on Cooperation for Prevention of Human Trafficking especially trafficking in Women and Children The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for a Memorandum of Understanding (MoU) between India and Bahrain on cooperation for prevention of human trafficking especially trafficking in… Read More »

MOU of India with UAE for Combating Cyber-Crime

By | March 10, 2016

Memorandum of Understanding signed between India and United Arab Emirates on Technical Cooperation in Cyber Space and Combating Cyber-Crime The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post approval for the Memorandum of Understanding (MoU) between India and United Arab Emirates (UAE) on Technical Cooperation in Cyber Space and… Read More »

Amendment to the Mines and Minerals (Development and Regulation) Act, 1957

By | March 10, 2016

Amendment to the Mines and Minerals (Development and Regulation) Act, 1957 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the amendment to the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act, 1957). The amendment will allow transfer of captive mining leases not granted through auction.Transfer… Read More »