Rajasthan Current Affairs - 2019

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DRDO successfully test fires Indigenous Man Portable Anti-Tank Guided Missile

Defence Research and Development Organisation (DRDO) has successfully test-fired indigenously designed and developed Man Portable Anti-Tank Guided Missile (MPATGM) in the deserts of Pokhran in Rajasthan.

Man-Portable Anti-Tank Guided Missile

  • Man-Portable Anti-Tank Guided Missile (MPATGM) incorporates many advanced features, including, image infrared radar (IIR) seeker with integrated avionics.
  • MPATGM is a third-generation anti-tank guided missile (ATGM), developed by DRDO in association with VEM Technologies Ltd.
  • MPATGM is fitted with high-explosive anti-tank (HEAT) warhead.
  • MPATGM has a top attack capability and has a maximum engagement range of about 2.5 kilometres.
  • MPATGM capable of being fired from the shoulder and can be used during day and night.

MPATGM are being developed to replace the French origin anti-tank guided missile Milan and Soviet semi-automatic wire-guided missile Konkur in service with Indian Army. The test trail at Rajasthan was the fourth overall development trial of the MPATGM.

Month: Categories: DefenceUPSC

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Govt Overhauls Oil, Gas Exploration Permits

The government has overhauled the rules for the oil and gas exploration permits. The Ministry of Petroleum and Natural Gas has released the new rules for oil and gas exploration permits:

  • New rules make a departure from the from the two-and-a-half decade-old practice of having a uniform contractual regime for all sedimentary basins in the country.
  • The new policy provides for different rules for areas that already have producing fields and ones where commercial production of oil and gas is yet to be established.
  • New rules provide complete marketing and pricing freedom for oil and gas in future bid rounds irrespective of the basins.
  • Future bids for Oil and gas acreage or blocks will be awarded primarily on the basis of exploration work commitment.
  • Companies are required to pay a share of revenue from oil and gas produced in Category-I sedimentary basins such as Krishna Godavari, Mumbai Offshore, Rajasthan or Assam where commercial production has already been established.
  • Companies will be charged only prevalent royalty rates on oil and natural gas in the less explored Category-II and III basins.
  • Further concessional royalty rates will be applicable if production is commenced within four years for onland and shallow water blocks, and five years for deep water and Ultra-deepwater blocks from the effective date of the contract.

The new rules are being introduced to increase exploration activities, attract domestic and foreign investment in unexplored and unallocated areas of sedimentary basins, and enhance domestic production of oil and gas.

Month: Categories: Business, Economy & BankingUPSC

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