The government has made the second round more attractive for investors by pruning the royalty rate from 10% to 7.5% for offshore discoveries, while retaining other measures taken to simplify policy with a view to making it easier for explorers to do business by reducing government overhang.
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Govt invites bids to unlock oil, gas worth Rs 1L cr
Govt invites bids to unlock oil, gas worth Rs 1L cr
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