In this edition of Big Story, let's find out how will these reforms make India a gas-based economy?
The Centre on October 7 allowed complete marketing freedom for natural gas produced from non-regulated fields, including sale to affiliate companies. The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, approved a standard e-bidding procedure to discover the price of gas.
However, the existing pricing mechanism for gas produced by state-owned Oil and Natural Gas Corporation (ONGC) and Oil India from fields given to them on a nomination basis would continue.What are these reforms? And will this boost ease of doing business and make India a gas-based economy? Let's find out in this edition of Big Story.