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.
26 May 2014 - 9:35am | AT News
Massive water logging in many parts of Guwahati paralyzes norml life in the city on Monday.
Many roads and by lanes in the city have been submerged in waters following a downpur in the wee hours...
2 Aug 2013 - 5:55pm | SK Hasan
Japanese Encephalitis become a epidemic at Nazira sub division. Till today over 12 people of Nazira town, Nomadic, Mazenga, Gelakey, Simaluguri, Santak etc . under of Nazira sub division died...
7 Jul 2008 - 9:57pm | editor
Amidst protests against price rises of essential items throughout the country, the PM Manmohan Singh has again started harping on the issue of the Indo-US Nuclear Deal. The Deal has been pushed...
19 Apr 2015 - 10:22am | AT News
An ambitious plan is on the anvil to uplift Kamakhya temple. This was what Mahendra Singh told reporters when the union minister was on a visit to the ancient temple on Saturday. Singh announced...
Guwahati: The Journalists’ Forum Assam (JFA) has voiced its deep concern regarding the recent surge in verbal assaults on journalists by various individuals. In response, the forum calls upon the State's media community to stand united in the face of adversity. In a released statement, the forum highlighted the disparaging remarks made by AIUDF chief Badruddin Ajmal towards video journalists, where he suggested that they should face physical violence.
“While we vehemently denounce Ajmal's stance and urge for appropriate actions against the politician, we implore media professionals to demonstrate unity, integrity, and professionalism in their workplaces,” remarked JFA president Rupam...
The North-East Finale of the WWF-India Wild Wisdom Global Challenge 2023 was held on November 3, 2023, at Royal Global University in Guwahati, Assam. This year's challenge was themed "Birds of the World" and was open to students from classes 6 to 9.
A total of 80 schools with 160 students from Arunachal Pradesh, Mizoram, Nagaland, Meghalaya, Tripura, and various districts of Assam participated in the finale.
After a closely contested competition, the team from Sarla Birla Gyan Jyoti School, Assam, represented by Ritvik Anand (class 6) and Garvita Jain (class 8), emerged as the North East Champions. The 2nd position was bagged by the team from Vivekananda Kendra Vidyalaya Tezpur, Assam...
Siliguri: Salesian College (Autonomous) Siliguri joined 11 other venues of Kolkata Salesian province in holding Don Bosco Global Youth Film Festival, 2nd edition on 13th October 2023.
North Bengal’s acclaimed Nepali Film Director, musician and singer Mr. Anmol Gurung inaugurated the festival at Salesian College Siliguri just as Los Angeles Salesians hosted the Global Youth Film Awards in the picturesque foothills of Hollywood.
“These films serve as a poignant canvas, capturing the myriad emotions, trials, tribulations, dreams, and aspirations of young people,” says Festival Director in Siliguri Salesian Fr C.M. Paul.
Fr Paul adds, “They [films] also show the profound desire of...
In a celebration of literary heritage and a significant milestone, the Assam Publishing Company has released the long-awaited second edition of Anatole France's "Thais" in Assamese. The reissue of this classic comes exactly 59 years after its initial publication, bringing the timeless themes of love, temptation, and redemption to a new generation of readers.
Golok Chandra Datta, an esteemed translator hailing from the region, skillfully translated the renowned French author Anatole France's work. This translation marks a crucial milestone in Datta's career as it represents his inaugural published translation effort. The translation aims to convey the depth and beauty of the original...
Guwahati, 23 September 2023: Assam Don Bosco University celebrated its 12th Convocation on Saturday, 23rd September, 2023, at Tapesia Campus Sonapur, Guwahati. The esteemed gathering included the Hon’ble Governor of Assam, Shri Gulab Chand Kataria, who graced the occasion as the university's visitor, along with Vice Chancellor Fr. (Dr) Jose Palley, Pro Vice Chancellor Fr. Joseph Nellnatt, Directors of Schools, Heads of Departments, faculty members, students, and dignitaries from across the country.
Addressing the graduating students, Shri Gulab Chand Kataria encouraged them to contribute meaningfully to society, emphasizing the importance of innovation and dedication in shaping a better...
Golaghat: Last Wednesday, an insightful sensitization workshop addressing the detrimental effects of tobacco use was organized at the conference hall of the District & Sessions Judge’s office in Golaghat. The event witnessed the presence of key figures in the fight against tobacco consumption, including Secretary of DLSA Golaghat, Smt. JyotiSmita Sarma, Dr. Sunita Ekka from District Tobacco Control Cell, Golaghat, and Rudhir Prakash Sarma, Divisional Coordinator of Upper Assam Division from The UNION. Officials from the DLSA office and the health department also actively participated.
The workshop commenced with a warm welcome address, followed by an insightful discussion on the...
Guwahati: Biodiversity conservation organizations, Aaranyak and WWF-India, have joined forces to tackle the growing issue of human-wildlife conflict (HWC), particularly the pressing concern of human-elephant conflict (HEC), by installing a remarkable 10 km-long low-cost solar fence in the fringes of the Central Range (Kachugaon) of Raimona National Park in Assam. This initiative aims to facilitate coexistence between humans and wildlife, offering immediate relief to the local community.
The community-managed single-strand solar fence is expected to alleviate the ever-increasing incidents of HEC for approximately 568 households, which translates to a population of 2700-3000 people...
Guwahati: In an effort to nurture the next generation's understanding of nature and sustainability, WWF-India continues to make significant strides with its Ek Prithvi program. The importance of environmental education for the long-term success of children has never been more evident, and this program has been instrumental in connecting young minds to the environment.
Launched in 2016, Ek Prithvi focuses on fostering environmental awareness, knowledge, and the skills required for conservation among students. It has already made a profound impact, reaching out to over 145,200 students across 11 states. When the pandemic struck, Ek Prithvi adapted with the "One Earth One Home" program,...
Dibrugarh - The North-East Affected Area Development Society (NEADS) and the Environmental Forum of Assam, in collaboration with the Centre for Social Work Studies at Dibrugarh University, successfully hosted a two-day 'People's Dialogue on Development Discourse in North East India' from August 28th to 29th. The event, held at the Vikshan conference hall of Dibrugarh University, gathered a diverse group of regional stakeholders to engage in insightful conversations aimed at reshaping development approaches in the North-East.
The North-East region of India, known for its cultural diversity and unique geography, has often been a focal point for discussions on development, infrastructure,...
Dr. Sanjib Kumar Borkakoti, a respected author and cultural advocate from Assam, has been elected as the Secretary General of the Delphic Council of North East India (DCNE). This announcement came during an online general body meeting held on August 4th.
Under the guidance of Jahnabi Phookan, the Past National President of FICCI FLO, who serves as the initiator and advisor, and Swapnanil Barua as President, DCNE is poised for a new era of cultural enrichment.
During the meeting, accomplished artist Gaurab Kr Hazarika was chosen as the treasurer and entrusted with the additional responsibility of overseeing the organization of Delphic Clubs, an integral component of DCNE's engagement...
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