Big gift from Modi government! Paperless licensing for petroleum service stations launched
It's a big gift from PM Narendra Modi-led government in terms of the vision of 'Digital India' and 'Ease of Doing Business' towards paperless and green India that will provide simpler mechanism, ease of living and business to the petroleum road tanker owners.
It's a big gift from PM Narendra Modi-led government in terms of the vision of 'Digital India' and 'Ease of Doing Business' towards paperless and green India that will provide simpler mechanism, ease of living and business to the petroleum road tanker owners.
PAPERLESS LICENSING
In a major development, the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched paperless licensing process through Petroleum and Explosives Safety Organisation (PESO) for petroleum service stations (retail outlets storing and dispensing petrol/diesel for motor conveyances) under the Petroleum Rules, 2002.
GRANT OF LICENSE
-Paperless application and grant of license process for road tankers for transportation of petroleum under the Petroleum Rules has been launched on 7th January, 2020.
-After the launch of paperless process, more than 300 licences have been issued, as per a statement by PIB.
-Taken together, licences for petroleum service stations and road tankers for transportation of petroleum account for more than 85% of total licences under the Petroleum Rules, 2002.
BENEFITS
-This initiative for petroleum pump licensing is directly going to benefit more than 70,000 petroleum pump owners and oil marketing companies under the Petroleum Rules, 2002.
-An added advantage of this move is that the authenticity of the license may be verified on PESO’s website https://peso.gov.in/index.aspx.
-This automation will greatly benefit the petroleum and gas industry.
PROCESS
-The process will include filing the applications online, online payment of fees which will go directly to the concerned officer’s ID without any manual interface.
-Applicants, at each stage of processing of the application, will be intimated via SMS and email, in case of discrepancy or grant of license or approval.
- These details will also be reflected in the applicant’s profile.
- The entire process will not require any printing and physical dispatch of license.
- The license will be dispatched electronically.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of 15x5x3 Rule: In how many years your monthly Rs 13,000 SIP will grow to Rs 65,59,488, Rs 1,29,88,923, and Rs 1,91,49,745 through this formula
Power of Compounding: How can you create Rs 5 crore, 6 crore, 7 crore corpuses if your monthly salary is Rs 20,000?
Power of Rs 3,000 SIP: In how many years, Rs 3,000 monthly investment can generate corpuses of Rs 2 crore and Rs 3 crore? Know here
Latest SBI Senior Citizen FD Rates: How much senior citizens can get on investments of Rs 5,55,555, Rs 7,77,777, and Rs 9,99,999 in Amrit Vrishti, 1-, 3-, and 5-year FDs
after bumper 2024 rs 2 lakh crore worth ipos expected in 2025 primary market nsdl avanse financial ecom express sebi approval
07:31 PM IST