CURRENT AFFAIRS

Detailed explanation-1: -The states covered include Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura. The Ministry also undertook series of consultations with the state governments while drafting the vision document . The Vision rests on five pillars: People, Policy, Partnership, Projects and Production.

Detailed explanation-2: -Government of India released the Hydrocarbon Vision Document 2030 for NE Region with the aim of preparing a roadmap for the next 15 years to increase the production of oil and gas in NE and outlining the necessary investment in the hydrocarbon sector to increase exploration activities, etc.

Detailed explanation-3: -The Hydrocarbon Vision 2030 outlines steps to leverage the hydrocarbon sector for social and economic development of the north-east region. The states covered under it are Assam, Arunachal Pradesh, Meghalaya, Manipur, Nagaland, Sikkim, Mizoram and Tripura.

Detailed explanation-4: -Assam is the highest natural gas-producing state with a production of 8.3 MMSMCD.

Detailed explanation-5: -The correct answer is Storage of Petroleum products. Since the hydrocarbons sector plays a vital role in the economic growth of the country it becomes necessary to have a Longterm policy for the hydrocarbons sector, which would facilitate meeting the future needs of the country.