Hydrocarbon Exploration and Licensing Policy/HELP announced

Q.  Union Cabinet headed by PM Modi has approved the HELP policy. What does HELP stand for?
- Published on 11 Mar 16

a. Hydrocarbon Exploration and Licensing Policy
b. Hydrocarbon Exploration and Licensing Programme
c. Hydrocarbon Exploration and Leave Policy
d. Hydrocarbon Examination and Licensing Policy

ANSWER: Hydrocarbon Exploration and Licensing Policy
 
This policy seeks uniform licensing for exploration and production of all forms of hydrocarbon and an open acreage policy. It is also seeking an easy way to administer revenue sharing model and provide marketing and pricing freedom for crude oil and natural gas produced.

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