Rajya Sabha Passes Oilfields Amendment Bill To Boost Investment

Rajya Sabha passed the Oilfields (Regulation and Development) Amendment Bill, 2024, which aims to amend existing laws governing oil and gas exploration and production. The bill seeks to delink petroleum operations from mining activities, a move intended to boost investment in the sector. Introduced in August 2024, the bill was passed by a voice vote, marking a significant step for the industry.