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Over Rs 1 trn investment in oil, gas projects lined up in AP: Pradhan The projects include Rs 26,264 cr modernisation of Visakhapatnam refinery by 2022-23, and Rs 68,000 cr in the development of offshore oil and gas fields. Current Affairs :• Over Rs 1 trillion interest in oil and gas fields just as treatment facility modernisation venture has been lined in Andhra Pradesh, Oil Minister Dharmendra Pradhan advised Vice President M Venkaiah Naidu on Tuesday. The tasks incorporate Rs 26,264 crore modernisation of Visakhapatnam treatment facility continuously quarter of 2022-23, and Rs 68,000 crore in the improvement of seaward oil and gas fields, Pradhan said in tweets after the gathering. Another Rs 10,000 crore is being put resources into onland fields in KG Basin in the state, he said. “These oil and gas extends under various phases of execution will usher new day break of financial success for the individuals of Andhra Pradesh and further encourage simplicity of-living...

Govt to soon consider relaxing FDI norms in single brand, digital media According to sources, the Union Cabinet would soon consider these issues for approval Current Affairs :- The administration will before long think about loosening up remote direct speculation (FDI) standards in a few areas, including single-brand retail exchanging and computerized media, to pull in abroad players, sources said. Different segments where FDI guidelines would be facilitated are coal and contract producing. As per sources, the Union Cabinet would before long think about these issues for endorsement. The legislature may permit 100 percent FDI in contract producing, as indicated by the proposition. In the current outside venture arrangement, 100 percent remote direct speculation is allowed in the assembling division under the programmed course. A maker is additionally permitted to sell items fabricated in India through discount and retail channels, including through internet business...