Govt. to fund half the cost of deepwater wells, recover money from winners

AI Summary

India will cover half the cost of deepwater wells, with newly issued guidelines allowing it to recover money from successful beneficiaries. The scheme shares early geological risk while giving the government a claim on any upside.

That recovery clause, set out in newly issued operational guidelines, is the scheme's central bargain — the government carries early geological risk and keeps a claim on any upside