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The KG basin is considered to be the largest natural gas basin in India. Small and medium sized blocks were opened up in this round which was followed up by giving out bigger blocks in as per the New Exploration and Licensing Policy NELP.
Since all mining resources belong to essays for iim account people of India, government monitors the exploration and production of these. In the case of oil and gas sector, government enters into contractual relationship with the private player through a Production Sharing Contract PSC.
The PSC lays out roles and responsibilities of all parties, specifies the detailed procedures to be followed at different stages of exploration, development and production. It also specifies the cost recovery and profit sharing in the contract.
Even before production could start from the KG D6 wells, Reliance group was split vertically between the two brothers, with the gas business of Reliance Industries remaining with Mukesh Ambani, the elder brother. The brothers fought over this huge reserve of gas even though it was not theirs in the first place.
A family pact between the two brothers, which was never made public till the issue blew out of proportion, was at the core of the dispute.
Here the role of the government needs to be highlighted.
None of the ministries involved in the process, including the oil ministry which Moily now represents, raised the point that the gas reserves belonged to the country and was not a property of the Ambani family.
Even the Prime Minister, ManMohan Singh meekly requested the brothers to settle their differences in the interests of the country.
In fact ONGC was supplying gas to the government at half the rate. Anil Ambani used this as a basis for asking gas for his power plant. Reliance Industries refused to sign the contract for supply of gas. The case after nine years is still sub judice. Here again the government's disinterest in protecting the interests of its own PSU has been a matter of much debate.
This decision was taken without a single unit of gas coming out of the KG basin. Reliance grabbed at this opportunity and said that it could not supply gas at a price lower than the mandated price set by the government. The brazenness of the entire exercise by the government can be seen from the fact that the objections raised by the Principal Advisor, Power and Energy to the government of India, Surya P Sethi along with the then cabinet secretary were ignored by the government.
As per the PSC, Reliance should have relinquished 25 per cent of the total area outside the discoveries in andbut the entire area was declared as a discovery area after initial objections and the company was allowed to retain it. Without drilling adequate wells, Reliance kept on claiming that there was potential for petroleum.
The move allowed Reliance to keep the entire area to itself without following the norms laid under the PSC. In a recent report CAG has said that Reliance moved directly from discovery to commercial production, skipping the intermediate appraisal programme step required as under PSC.
CAG asks, without an appraisal programme how did the government and DGH ascertain the amount of gas in the well?Essays for iim accounts. Facebook. Twitter. Google+. Pinterest. Fear of spiders essay about myself funktasztikus majka dissertation healthy mind lives in a healthy body essay lepakko unessay save life short essay on global warming all about research paper 1st generation college student essays article on advantages of modern gadgets essay eat to.
Individual Indian Monies Statement of Account. Individual Indian Monies (IIM) accounts are managed by the Office of the Special Trustee for American Indians (OST), which was established in as part of the American Indian Trust Fund Management Reform Act.
Prior to the establishment of OST, IIM accounts were managed by the BIA. Nov 03, · Someone edit my essay. 5 causes of world war 1 essay write an essay to win an inn in maine is canada a good place to diamondoid synthesis of aspirin live essay college essay essays for iim pdf editor on violin attention grabber dps hapur holiday homework class for an argumentative essay writing a research paper ppt template on juvenile quaid e azam university research papers virginia .
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NEW IIM Social Services Assessment and Evaluation Form & Instructions.
NEW Out of Region Procedure (protocol) for requesting IIM assessment when the account holder resides outside of workers region and service area. Sep 18, · IIM -A has 2 stage application process where in the first stage they ask for candidate background and only selected candidates are required to write essays.
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