Amid an aroused brouhaha over the government’s move to hand over 69 oil wells to private companies in Assam, a section of economists have thrown their weights behind the decision.
Talking to Assam Times noted economics Gautom Prasad Baroowah said,” to extract crude for marginal field well is expensive. The government would spend huge money from tax payers fund. The rate of return could be minimal.”
According to Baruah, “instead of incurring huge expenses government can allocate these source of marginal crude well to private party and earn huge money and reinvest it for development of new fields and earn better profit.” Baroowah observed that vigilance is the price of liberty. Reinvestment must be proper, transparent and efficient.
The Union cabinet recently gave its approval to the Marginal Fields Policy, for development of hydrocarbon discoveries made by national oil companies; Oil & Natural Gas Corporation Ltd. (ONGC) and Oil India Ltd. (OIL). These discoveries could not be monetized for many years due to various reasons such as isolated locations, small size of reserves, high development costs, technological constraints, fiscal regime etc.
Under the new policy, 69 oil fields which have been held by ONGC and OIL for many years, but have not been exploited, will be opened for competitive bidding. Under this policy, exploration companies will be able to submit bids for exploiting these oil fields. These oil fields have not been developed earlier as they were considered as marginal fields, and hence were of lower priority.
23 Aug 2014 - 9:28am | AT News
AASU leaders and activists across the state were on a day long hunger strike on Saturday demanding the visit of a central team to the violence-hit Assam-Nagaland border areas. The 12 hour-long...
8 Sep 2009 - 11:46am | Jayanta Kumar Das
Two suspected arms dealers namely - Asgar Ali (40) of Kanmuji village (Rajapukhuri) and Hasan Ali (30) of Rajapukhuri village, 5 KM from Kalaigaon town in Darrang district had been arrested on the...
13 Jul 2015 - 12:59pm | AT News
A 36 hour economic blockade is still disrupting the normal functionings of the Oil India Limited in Duliajan on Monday. Thousands of AJCP activists thronged the OIL headquarters and started the...
11 May 2012 - 5:03am | editor
Renowned international Plastic Surgeon Dr. Ronald Zuker from from Toronto, Canada is visiting the Operation Smile Comprehensive Cleft Care Center in Guwahati as part of an international educational...
Guwahati, December 21: A panel discussion on the "Violation of Human Rights Laws Against Hindus and Other Religious Minorities" was held today at the Bishnu Nirmal Trust Auditorium, Latasil, Guwahati. The event was organized under the banner of Adhivakta Parishad Assam Prant.
The discussion featured notable speakers, including Justice Ajit Borthakur, former Judge of the Guwahati High Court and current member of the Assam Human Rights Commission. Justice Borthakur raised concerns about the status of rights guaranteed under the Constitution of Bangladesh and questioned their protection for all citizens.
Former IPS and DGP (OSD) M Mohan Raj provided historical context, comparing...
Guwahati, December 2024: The Assam Chamber of Commerce is set to host a 5 KM Fun Run on January 5, 2025, at 6:00 AM, starting from the Gauhati Town Club, Judges Field, Panbazar. The event, spearheaded by Rupam Goswami, Chairman of the Assam Chamber of Commerce, aims to raise awareness about drug abuse and promote a healthy lifestyle.
The fun run, themed “Run for a Cause,” invites participants from all walks of life to join hands in the fight against drugs. Registration for the event is priced at ₹250, with participants required to share a screenshot of their payment via WhatsApp to the organizers. The event promises exciting cash prizes for both male and female runners: ₹5,000 for first...
A protest by Congress party workers in Dispur escalated into chaos today as demonstrators attempted to gherao the Janata Bhawan in Guwahati, leading to multiple detentions including top party leadership. Assam Pradesh Congress Committee President Bhupen Borah and senior leader Ripun Bora were among those detained as fully-equipped police forces intervened to control the situation.
The demonstration, sparked by the death of Congress worker Mridul Islam in Wednesday's tear gas shelling, saw protesters defying police barricades and staging sit-ins on the road. Some demonstrators attempted to breach police lines in front of the Janata Bhawan, intensifying the confrontation.
In a related...
Guwahati, December 18, 2024: The School of Social Work at the Tata Institute of Social Sciences (TISS), Guwahati Off-Campus, held its first-ever Inhmukhawm: Field Work Organisations’ Meet on Wednesday. The event, themed "Buen Vivr: Co-building a Sustainable and Just Future," brought together nearly 100 participants, including grassroots organizations, NGOs, and corporate social responsibility (CSR) representatives. Aligning with the International World Social Work Day 2024, the gathering focused on social work, sustainability, and justice, providing a platform for dialogue, learning, and collaborative innovation to enhance student fieldwork initiatives.
The event commenced with a warm...
Guwahati, Assam: The Business Incubation Center for Fisheries and Aquaculture (BICFA) at Guwahati Biotech Park (GBP), under the Department of Science, Technology & Climate Change, Government of Assam, successfully organized a three-day hands-on training program on Feed Analysis and Nutrient Composition of Animal and Fish Feed. The program aimed to educate startups, researchers, and students and was held at GBP and the Feed Testing Laboratory, Department of Animal Nutrition, College of Veterinary Sciences, Assam Agricultural University (AAU), Khanapara.
Dr. Bula Choudhury, Senior Scientist at GBP and Convener of the program, welcomed the participants. She highlighted the vision of...
A transformative gathering of educators took place at the Mayflower Hotel in Guwahati, where 76 educators from 38 schools across Assam and Meghalaya came together for WWF-India’s Educators’ Conclave 2024 on November 29. The event focused on empowering educators to instill environmental stewardship and climate literacy in students, while sharing innovative strategies to make schools sustainable and eco-conscious hubs of learning.
With the theme “Raising Generation 30,” the conclave explored actionable ideas for transforming education systems to address pressing environmental challenges such as climate change and biodiversity loss.
“The role of educators in shaping future environmental...
Chandigarh: Former cricketer and politician Navjot Singh Sidhu has shared an inspiring story of his wife's recovery from cancer, attributing her remarkable progress to a strict diet plan inspired by ancient Indian Ayurveda, Nobel Prize-winning research on autophagy by Yoshinori Ohsumi, and guidance from medical experts. The plan, Sidhu revealed, helped his wife recover in just 40 days after undergoing surgeries, chemotherapy, and targeted therapies.
Speaking to the media, Sidhu expressed his gratitude for the holistic approach, which combined positivity, lifestyle changes, and a disciplined nutritional regimen. “Positivity, determination, and the right diet can create miracles,” he said...
The Directorate of Cultural Affairs under the Assam government marked its 53rd anniversary with a historic event celebrating the recognition of Asomiya (Assamese) as a classical language. Held at the iconic Rabindra Bhawan, the evening highlighted the significance of this achievement and charted a roadmap for the language's preservation and growth in written and colloquial forms.
The courtyard of Rabindra Bhawan, adorned with vibrant decorations and a podium beneath lush Bokul trees, hosted an enthusiastic audience of dignitaries and scholars. As the sun dipped below the Brahmaputra’s horizon, the program commenced with three distinguished panelists sharing their insights.
The...
Tensions escalated in Manipur’s violence-hit Jiribam district on Sunday night as clashes between security forces and protesters turned deadly, officials reported. A young protester, identified as 21-year-old K. Athouba, was fatally shot amid the chaos. A police official confirmed that an investigation is underway to determine who fired the fatal shot, while protesters allege that a Manipur Police special commando unit was responsible. Two others were reported injured in the incident.
The violence erupted as mobs attacked and vandalized properties belonging to political leaders and various party offices. According to police reports, the unrest began at Babupara before spreading to other...
The body of a tiger was discovered in the Horonbali Chapori area of Kaziranga National Park and Tiger Reserve, located in Assam’s Biswanath district, on Monday. Forest guards came across the carcass during a routine patrol and alerted senior officials, who subsequently arrived at the scene to recover the remains.
Preliminary findings suggest that the tiger may have died as a result of a fight with another tiger. To confirm the exact cause of death, samples will be sent to a forensic laboratory for further analysis. The disposal of the carcass was carried out under the supervision of senior forest officials and veterinary doctors.
Kaziranga National Park, recognized as a Tiger Reserve...
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