17 Sep 2017 | Target Mains | Question 7

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  •  Narayana Sarma @narayanacbe

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    •  Pritam Kumar @pritam_cd

      Well presented ideas…well structured answer…
      Included all the points…
      Conclusion could have been more comprehensive…It should add the completing point to the answer…
      However, your approach is good…keep practicing…
      Marks awarded: 5/10

  •  Kunal Aggarwal @kunalaggarwal

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    •  Pritam Kumar @pritam_cd

      -Introduction is limited to one aspect i.e. investment only…it should be more holistic…
      -Some of the points mentioned under merits and demerits need justification…check point-2 and 4 under demerits….
      -Missed some of the important points under merits…like…will allow ease of doing business, promote competitive market etc…
      The rest of the points are good…Conclusion is okay…
      Good approach…keep practicing…
      Marks awarded: 4.5/10

  •  Parvathy @parvathy2490

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    •  Pritam Kumar @pritam_cd

      -HELP is an improved version of NELP which we need to mention in introduction…
      -Under merit…point 1 need clarification…points 2, 3, 4 and 5 need explanation…they are incomplete without explanation…
      -under demerits…why component is missing in points…
      -Conclusion could have been more comprehensive…
      However, your approach is good…structure wise the answer is okay…content need completion…
      Marks awarded: 4/10

    •  Parvathy @parvathy2490

      Thanks a lot Prit Sir. 🙂

  •  White Walker @upsc-demolisher

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  •  Soham Banerjee @soham-banerjee

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  •  Akhil Pareek @akhil91pareek

    Request you to please review.

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  •  RAHUL JAIN @rahul-jain1

    KINDLY REVIEW 🙂
    WORDS:240
    In order to boost up the Hydrocarbon exploration and production sector and reduce the foreign dependency for hydrocarbons(~80%),the govt has taken a laudatory step of revamping the entire sector by announcing the Hydrocarbon Exploration and Licencing Policy(HELP). The major features of this policy are:
    1. Uniform license for all hydrocarbon.
    2. Based on the revenue sharing contract.
    3. Flexibility in bidding(company can bid round the year)
    4. It is based on Open Acerage Licencing Policy and also envisages for the development of a National depository for the hydrocarbon blocks.
    5. Provides marketing and pricing freedom to the companies.
    The major merits of the policy are:
    1. Promote investment and research in the sector=> increase in employment => aiding in Make in India programme.
    2. Would promote ease of doing business.
    3. Flexibility in bidding, competitive pricing, revenue sharing etc. would incentivise the producers and would also promote exploration in the country.
    4. Would increase transparency in the sector.
    5. Would reduce foreign dependency.
    However there are some concerns too:
    1. How revenue sharing model would act in an uncertain sector such as this.
    2. Secondly, the long gestation period of such projects would make banks skeptical to lend.
    3. Thirdly, the fate of existing blocks in unknown.
    4. Fourthly, may encourage fake/bogus discovery claims on part of the explorers.
    However, the policy is a laudatory step towards the ease of doing business, ensuring energy security and reaffirms govt.’s commitment towards the development of the country.

  •  Khemchand Gujjar @khemchand-gujjar

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  •  varnit sharma @varnit-sharma

    Recently,government has announced new hydrogen exploration and pricing policy(HELP) which has replaced older policy of NELP.The new policy though appeared as improved version of older policy,it also has its own demerits.
    The features of the new policy are as follows-
    1.single licence for exploration of all types of hydrocarbons.
    2.It has replaced earlier profit sharing mechanism with revenue sharing mechanism.
    3.under the new policy,The blocks for exploration and production of hydrocarbons would be alloted as per ‘open acrage policy’.
    4.It also provides pricing and marketing freedom for natural gas and oil produced.
    The new policy has more liberalised the exploration and production of hydrocarbons and removed some of the bottlenecks of previous policy.The policy has following merits-
    1.It would boost ease of doing business.
    2.It would attract more investment.
    3.It would increase transperancy and decrease government intervention.since ,it has replace profit sharing model with revenue sharing model.
    However,the policy could have following demerits-
    1.Banks might be reluctant to provide loans to the firms due to long gestation period .
    2.since the royality rates are uniform over land ,it could effect exploration in north east region.
    3.Further ,the blocks which are under exploration are not covered by this policy.
    However,despite having these demerits,The new policy would prove worth in bringing transperancy and enhancing investment in the energy sector.Given the rising concerns about energy security,the new policy can be considered good step in solving this problem.

    •  Pritam Kumar @pritam_cd

      -Introduction is an extended words of question…poor way to introduce…
      -Points under merits and demerits are okay…
      -conclusion is okay…
      However, your approach is good…keep practicing…
      Marks awarded: 4.5/10

This topic contains 14 replies, has 11 voices, and was last updated by  Parvathy 3 weeks, 4 days ago.



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