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Hardeep Singh Puri to Introduce Oilfields (Regulation and Development) Amendment Bill, 2024 in Rajya Sabha Union Minister for Petroleum and Natural Gas Hardeep Singh Puri is scheduled to introduce the Oilfields (Regulation and Development) Amendment Bill, 2024 in the Rajya Sabha today. This bill seeks to amend the Oilfields (Regulation and Development) Act, 1948, which governs the regulation and development of oilfields in India. What is a Bill? A bill is a proposed piece of legislation presented for debate and approval in Parliament. It must pass through several stages of scrutiny and debate before it can become law. Once approved by both houses of Parliament and receives the President’s assent, it is enacted as a law. The Oilfields (Regulation and Development) Amendment Bill, 2024 aims to update and amend provisions of the existing Act to address current needs and challenges in the oil and gas sector. From Bill to Act The Oilfields (Regulation and Development) Act, 1948, originally e...