Government Initiatives to Cut Reliance on Crude Oil Imports
The government has implemented several initiatives to reduce reliance on imported crude oil and enhance domestic oil and gas production. These measures include policies such as the Production Sharing Contract (PSC) regime for early monetization of hydrocarbon discoveries (2014), the Discovered Small Field Policy (2015), and the Hydrocarbon Exploration and Licensing Policy (HELP) (2016). Other key initiatives include the extension of PSCs (2016, 2017), the early monetization of Coal Bed Methane (2017), and the establishment of the National Data Repository (2017). Additional efforts include the ..
SIDBI and Federal Bank Partner to Boost MSME Ecosystem Growth
SIDBI has entered into a Memorandum of Understanding (MoU) with Federal Bank (FBL) to enhance financing support for micro, small, and medium enterprises (MSMEs) and strengthen the MSME ecosystem in Mumbai. The collaboration aims to facilitate financial assistance in key areas such as project financing, machinery and equipment purchases, and working capital requirements. Additionally, it will cover financial solutions including letters of credit, bank guarantees, and loans against property to help MSMEs manage their funding needs efficiently. As part of this partnership, SIDBI and FBL will ..
Schneider Electric Collaborates with South Bihar Power Distribution
Schneider Electric has collaborated with South Bihar Power Distribution Company (SBPDCL) to modernise Bihar’s power distribution network, enhancing reliability, efficiency, and sustainability. This initiative addresses the state’s growing energy demands, ensuring seamless and uninterrupted power supply. SBPDCL faced significant challenges in managing the electrical distribution system due to rising energy consumption, necessitating advanced solutions for improved operational efficiency. Schneider Electric’s EcoStruxure Grid solutions played a crucial role in transforming the network, o..
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