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Cabinet tweaks pre-NELP oil blocks, reduces ONGC burden of levies - Economic Times
Economic Times | Cabinet tweaks pre-NELP oil blocks, reduces ONGC burden of levies Economic Times To incentivise such investments, the liability of payment of statutory levies like royalty and cess was put on state-owned firms, who were made licensees of the blocks. ONGC and Oil India Ltd were allowed right to back in or take interest of 30-40 per ... |
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