The IEA is reducing its 2019 oil demand forecast due to a slowing global economy amid a US-China trade spat.
Union Cabinet in February had approved a policy for awarding acreage, based primarily on exploration work commitment.
The slowing economy makes it more difficult for President Xi Jinping to fight back forcefully against the US.
Oil companies in the Gulf of Mexico had cut more than 1 million barrels per day (bpd) of output.
Centre is considering further opening foreign direct investment in aviation, media and other sectors.
The trade row has prompted both countries to raise tariffs and created unease over the depth of their security alliance.
Approval will also unlock an additional USD 38 billion from Pakistan’s international partners over the programme period.
The Code on Wages is one of the four codes that would subsume 44 labour laws with certain amendments.
As on June 23, 2019, 9,643 NBFCs were registered with RBI.
Development of the global economy is largely driven by one-sided decisions and disputes felt by the entire system.