Govt to provide marketing freedom to incentivise oil & gas production
In the power sector, the government to prepare a comprehensive plan, spanning next 15 to 20 years, to augment the investment in nuclear power generation
 "Govt to provide marketing freedom to incentivise oil & gas production")
Oil & gas discovery and exploration of gas in difficult areas got a major fillip with the budget offering incentives to companies in the form of providing calibrated marketing freedom. As part of the drive towards self-sufficiency, the government is considering to incentivise gas production from deep-water, ultra deep-water and high pressure-high temperature areas, which are presently not exploited on account of higher cost and higher risks.
In the power sector, the government is drawing-up a comprehensive plan, spanning next 15 to 20 years, to augment the investment in nuclear power generation. Budgetary allocation up to Rs 3000 crore per annum, together with public sector investments, will be leveraged to facilitate the required investment for this purpose.
Finance Minister Arun Jaitley said that government will permit mobilisation of additional finances to the extent of Rs 31,300 crore by NHAI, PFC, REC, IREDA, NABARD and Inland Water Authority through raising of bonds during 2016-17. In the other segments of the infrastructure sector, the government has achieved the highest coal production growth in over two decades, highest ever capacity addition in generation, highest ever increases in transmission lines and in distribution of LED bulbs.
In the power sector, the government is drawing-up a comprehensive plan, spanning next 15 to 20 years, to augment the investment in nuclear power generation. Budgetary allocation up to Rs 3000 crore per annum, together with public sector investments, will be leveraged to facilitate the required investment for this purpose.
Finance Minister Arun Jaitley said that government will permit mobilisation of additional finances to the extent of Rs 31,300 crore by NHAI, PFC, REC, IREDA, NABARD and Inland Water Authority through raising of bonds during 2016-17. In the other segments of the infrastructure sector, the government has achieved the highest coal production growth in over two decades, highest ever capacity addition in generation, highest ever increases in transmission lines and in distribution of LED bulbs.