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13Mar 2025

Parliament Passes Oilfields Amendment Bill 2024 for Energy Sector

Why in the News? The Oilfields (Regulation and Development) Amendment Bill, 2024 has been passed by Parliament, expanding the definition of mineral oils. It aims to enhance energy security, while opposition parties raise concerns over rising imports and declining domestic production. Key Provisions of the Bill: The Oilfields (Regulation and Development) Amendment Bill, 2024 has …

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19Feb 2025

Government Plans to Increase Bank Deposit Insurance Coverage

Why in the news? The government is considering raising the deposit insurance limit beyond ₹5 lakh to enhance depositor protection. This follows RBI’s restrictions on New India Co-operative Bank due to governance concerns, highlighting the need for stronger financial security measures. Government’s Plan for Deposit Insurance: The Indian government is considering raising deposit insurance beyond …

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