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Oil Industry (Development) Act, 1974 (
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Employees (Recruitment) Regulations Rules 2011 (After incorporating amendments made by OID Board in its 106th meeting held on 10th February, 2023) (
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Information under section 4(1)(b) of RTI Act 2005
The procedure followed in the decision making process, including channels of supervision and accountablity
Last Updated On: 09/02/2016
There exists a well defined system regarding decision making process and decisions are taken by the delegated authority, as also, committees of Officers/Secretary/Chairman.
There exists a well defined organization structure and a clear system of acountablity and DoPs are strictly adhered to.
Various Committees are constituted for the purposes of decision making and sanctioning of loans/grants namely Sub-committee on Review on interest rates/Investment Committee for investment of surplus funds/Sub-committee for reviewing the status of R & D projects in upstream section costing more than Rs1.00 crore.
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