Economy
Cabinet Approves ₹84,084 Crore 'Samudra Manthan' Offshore Energy Scheme
The Times of India1h
THE BRIEF
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The Union Cabinet has approved the 'Samudra Manthan' National Offshore Exploration Scheme, allocating a total budget of ₹84,084 crore to boost offshore oil and gas exploration.
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The initiative is designed to serve as a strategic game-changer for India's energy sector by incentivizing exploration activities in offshore regions.
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The scheme aims to enhance domestic energy production capacity, aligning with broader national goals for infrastructure development and energy security.