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Oil spills in India: a disaster for both environment & economy

Student name: Mr Anirudh Singh
Guide: Dr Vidhi Madaan Chadda
Year of completion: 2020
Host Organisation: TERI School of Advanced Studies
Supervisor (Host Organisation): Dr Mallika Ramachandran
Abstract:

The very relevancy of this dissertation could be understood by the very fact that it deals with one of the most important/necessary commodity i.e. Oil. As a commodity, absence of Oil in today’s world, can result in the halt the working of even of the strongest economies, thus itself enhancing the very necessity to look into the matter of its spilling more than ever.

For the country such as India, where oil’s importance has been greatly increased with the ever growing industries be it the auto mobile sector where it is used as fuels in car or the refining industrial sector, where it’s the chief raw commodity, proper effective and efficient legal framework have become a must.

Despite Oil receiving all the limelight as a star commodity, obtaining it is not an easy task. From its extraction up to the complete process of distribution, a lot of technicality and caution has to be taken into consideration in order to avoid any such catastrophe.

But despite having highly advance machinery and equally advance human brains behind them for carrying out above mentioned tasks, there sometimes do occur situations be due to nature or man-made error because of which Oil Spills occur which doesn’t just results in huge economic losses but also create a havoc for the environment.

Drawing upon such, the following dissertation puts light upon not the causes and impacts of these spills, but also look at it through an Indian perspective.

It focuses on how the development of regulations with regards to the issue of oil spills occurred in the international sphere along with their incorporation in the Indian framework. It also provides insights on the current legal structure of the country to tackle such issue along with the limitations that is currently having its own adverse impact on the structure.

Finally, the said dissertation also provides certain solutions that can be implemented to the remove the current lacuna present in the current regime.