News Update

G20 finance leaders agree to tax super-rich but forum not yet readyIndia, US ink pact to stymie illegal trafficking of cultural propertyFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaEU penalises 5 countries for infringing budget rulesChina says Relations with Japan at critical stageEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesNew Capital gains regime: CBDT issues FAQsFM favours debt reduction but sans affecting economic growthMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBDGFT simplifies EPCG Scheme procedures to enhance Ease of Doing BusinessKargil Victory Day: PM warns Pak against practising terrorismPM GatiShakti Group evaluates five key infrastructure projectsMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBLadakh's Budget has increased from Rs 1100 Cr to Rs 6000 Cr in last 5 yrsChina pumps in subsidies worth USD 41 bn into car sectorCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SCIndia's installed Nuclear Power Capacity to triple by 2031-32: MoS
 
GSI to host workshop on private sector's role in offshore exploration

By TIOL News Service

NEW DELHI, FEB 12, 2024: THE Marine and Coastal Survey Division (MCSD) of the Geological Survey of India (GSI) is organising a workshop titled "Offshore Exploration: Synergies and Opportunities (OESO)" on 15th February 2024, in Mangalore. This workshop marks a significant collaborative effort towards advancing offshore exploration.

The OESO workshop aims to foster collaboration and knowledge sharing among key stakeholders in the offshore domain, including governmental bodies, research institutions, academia, and industry players. V.L. Kantha Rao, Secretary, Ministry of Mines, Government of India will grace the occasion as Chief Guest. The event will also be attended by Shri Janardan Prasad, Director General, GSI, senior functionaries of different Ministries, State Directorates of Mining & Geology, PSUs, representatives from private mining industry, Mining associations and other stakeholders.

At the forefront of discussions will be Amendments in the Offshore Areas Mineral (Development & Regulation) Act, 2002, the recent handover of 35 offshore blocks by GSI to Ministry of Mines for auction and the formulation of draft guidelines for the notification of private exploration agencies for offshore exploration. These crucial discussions aim to streamline and facilitate private sector participation in offshore exploration activities.

Moreover, the workshop agenda encompasses a wide array of topics, including an overview of GSI's activities in the offshore, government initiatives in promoting exploration and exploitation, collaborative frameworks for data sharing, and sustainable practices for offshore mineral exploration. The workshop seeks to establish mechanisms for effective data sharing and collaboration among agencies involved in offshore exploration, fostering a conducive environment for joint research initiatives, information sharing, and technical expertise exchange to drive innovation and exploration in offshore mineral resources.

The workshop will feature presentations from leading experts covering topics ranging from data acquisition to environmental considerations, providing participants with valuable insights into the challenges and opportunities within the offshore exploration sector. With an extensive list of expected participants from ministries, research institutions, academia, and industry, the workshop promises to be a platform for fruitful discussions and contribute significantly to the sustainable development of mineral resources and environmental protection.


POST YOUR COMMENTS
   

TIOL Tube Latest

Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.