8 Nov 2016 | GS3 | In order to attract more investment in the hydrocarbon sector the government has replaced production sharing mechanism with revenue sharing mechanism. Explain the differences between both of these models. Will revenue sharing model be able to solve the issues related to production sharing? Discuss.

GS3 (Indian Economy)

In order to attract more investment in the hydrocarbon sector the government has replaced production sharing mechanism with revenue sharing mechanism. Explain the differences between both of these models. Will revenue sharing model be able to solve the issues related to production sharing? Discuss.