Popular Articles

Govt may extend tax holiday for software firms
The government may extend the tax holiday for software exporters beyond March 2010, in the Budget tomorrow.

CLB allows Maytas Infra to finalise Q2 results by Dec '09
Crisis-hit Maytas Infra today said the Company Law Board (CLB) had allowed the company to report its accounts for the quarter ended September by December 31.

News of the day

Need special bourses for small, medium firms: Pranab
There is need for a separate exchange or platform for small and medium enterprises (SME) as the criteria for listing such companies are different, Finance Minister Pranab Mukherjee said today.
Online Business

Govt mulling extension of safety zone near offshore oil units

In view of the security threat to offshore oil and gas installations, the government is mulling on extending the safety zone around these facilities beyond 500 meters. - "Yen"s rise harmful to Japan"s economy" - Hyundai workers again threaten strike - Beef up security for public, pvt aircraft fleet: Centre - IOC deal with US firm to produce fuel from algae - EGoM allocates bulk of extra gas from RIL to power units - Ambani brothers" gas dispute set for Supreme Court date "An area of 500 meters radius around the offshore installations have been declared as "Safety Zone", prohibiting intrusion by unauthorised persons," Minister of State for Petroleum and Natural Gas Jitin Prasada said in a written reply to a question in Rajya Sabha here today. State-run Oil and Natural Gas Corp (ONGC), he said, has reported extensive intrusion of fishing boats into the oil field development areas which could pose threats to the safety and security of the oilfield installations. "The need to extend the safety zone around petroleum installations beyond 500 meters is under discussion with the authorities concerned (Coast Guard, Navy, Oil Industry Safety Directorate and Offshore Defence Advisory Group)," he said. The Offshore Defence Advisory Group (ODAG) advises the Government on offshore security and defence cover of offshore establishments. Coast Guards and Indian Navy keep constant vigil in consultation with ODAG. "The installation of Vessel and Air Traffic Management System (VATMS) has strengthened surveillance of the offshore platforms. Regular patrolling of the offshore area is also being done by armed patrol boats," he added.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):