[Mission 2022] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY- 21 December 2021 – INSIGHTSIAS

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InstaLinks help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions in your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their static or theoretical background. This helps you study a topic holistically and add new dimensions to every current event to help you think analytically.

 

Table of Contents:

 

GS Paper 2:

1. Questioning the impartiality of the Election Commission.

2. J&K Delimitation.

3. NDPS bill.

4 Labour Codes.

5.India and Taiwan Relations.

 

GS Paper 3:

1. Green hydrogen.

2. Changes to Biological Diversity Act, 2002.

 

Facts for Prelims:

  • Open Acreage Licensing Policy.

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Facts for Prelims:

 

Open Acreage Licensing Policy:

Context:

India has offered eight blocks of oil and gas in the seventh bid round of Open Acreage Licensing Policy (OALP).

  • The objective is to bring more area under exploration, leading to increase in domestic production and reduction of imports.

What is OALP?

Launched under the Hydrocarbon Exploration and Licensing Policy (HELP) in 2017.

  • Under OALP, companies are allowed to carve out areas they want to explore oil and gas in.
  • Companies can put in an expression of interest (EOI) for any area throughout the year but such interests are accumulated thrice in a year. The areas sought are then offered for bidding.
  • It provides uniform licences for exploration and production of all forms of hydrocarbons, enabling contractors to explore conventional as well as unconventional oil and gas resources.
  • Fields are offered under a revenue-sharing model and throw up marketing and pricing freedom for crude oil and natural gas produced.

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