Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

States free to keep Chief Ministers out of Lokayukta: RS Select Committee

The Select Committee’s report on the Lokpal and Lokayukta Bill, 2011 was tabled in Rajya Sabha recently.

The report:

  • Makes it compulsory for States to enact a Lokayukta law within a year of the notification of the Central Act.
  • Gives states the freedom to decide the contours of their legislation.
  • Enables the States to use the choice of not including Chief Ministers or legislators within the scope of the Lokayuktas.

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OVL to buy ConocoPhillips’ 8.4% stake in Kashagan field

ONGC Videsh Ltd. (OVL) has finalized agreements for the acquisition of 8.40% Participating Interest (PI) of ConocoPhillips in the North Caspian Sea Production Sharing Agreement (NCSPSA), which included the Kashagan field in Kazakhstan.

Kashagan Field is an offshore oil field located in the northern part of the Caspian Sea close to the city of Atyrau in Kazakhstan. It is the world’s largest current development project.

Why this acquisition is important for OVL and India?

  • It will mark OVL’s entry into the largest oil proven North Caspian Sea of Kazakhstan.
  • OVL’s biggest acquisition.
  • It will contribute towards the India’s energy security.

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