Which of the following ministries introduced the Oilfields (Regulation and Development) Amendment Bill, 2024, in the parliament?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Ministry of Petroleum and Natural Gas.
The Oilfields (Regulation and Development) Amendment Bill, 2024 was tabled in the Rajya Sabha on August 5, 2024, by the Ministry of Petroleum and Natural Gas. Presented by Union Minister Hardeep Singh Puri, the bill seeks to move away from a licensing-centric approach toward a system that facilitates ease of doing business and fosters cooperation between the government and contractors. Its primary goal is to modernize the regulatory framework in the oil and gas sector, improve operational efficiency, and attract greater investment.