https://www.taxtmi.com/news?id=37120 The amendment restructures upstream hydrocarbon regulation by creating a petroleum lease regime and decoupling petroleum operations from mining law to enhance investment and tenure stability; it expands the definition of mineral oils to include various unconventional and conventional hydrocarbons to raise domestic output. The bill replaces certain criminal offences with monetary penalties, establishes an adjudicating authority with appeal rights to decriminalise specified provisions, and maintains state authority over lease grants and royalty receipts while asserting no sectoral preference between public and private operators. en-us Wed, 12 Mar 2025 17:31:03 +0530 Wed, 12 Mar 2025 17:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=37120 The amendment restructures upstream hydrocarbon regulation by creating a petroleum lease regime and decoupling petroleum operations from mining law to enhance investment and tenure stability; it expands the definition of mineral oils to include various unconventional and conventional hydrocarbons to raise domestic output. The bill replaces certain criminal offences with monetary penalties, establishes an adjudicating authority with appeal rights to decriminalise specified provisions, and maintains state authority over lease grants and royalty receipts while asserting no sectoral preference between public and private operators. News - Wed, 12 Mar 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=37120