The Cabinet Committee on Investment has directed the Ministries of Defence and Petroleum & Natural Gas to sort out issues pertaining to approvals for 39 oil and gas exploration blocks.
Speaking to mediapersons after the Cabinet meeting, Minister for Information and Broadcasting, Manish Tewari, said the two Ministries have been asked to revert in a month’s time to the committee.
The blocks include those of Reliance Industries, ONGC, and Cairn India.
This was the first meeting of the Cabinet Committee on Investment headed by the Prime Minister Manmohan Singh. It was constituted to expedite clearances of infrastructure projects worth Rs 1,000 crore or more.
Petroleum Minister Veerappa Moily on January 27 had said his Ministry was keen on fast-tracking the approvals for these blocks, with investors, both Indian and foreign, already having pumped in investments worth $13 billion on these assets.
richa.mishra@thehindu.co.in
shishir.sinha@thehindu.com
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.