The Union Cabinet has approved ₹84,084 crore for 'Samudra Manthan', an offshore exploration scheme. Of the total, ₹43,200 crore has been earmarked for drilling 60 deepwater exploration wells. The large central outlay signals a major push for offshore and deepwater exploration in India, with the bulk of near-term spending directed at new well drilling.
Nabka Insight
A newly named ₹84,084 crore Cabinet scheme with a specific deepwater-well target is prime factual-recall material.
Powered by AIKey facts
- Approving body: Union Cabinet
- Scheme: Samudra Manthan (offshore exploration)
- Total outlay: ₹84,084 crore
- ₹43,200 crore for drilling 60 deepwater exploration wells
Relevant forBanking · Railways · SSC · State PSC · UPSC