Assam chief minister Tarun Gogoi seeks protection of state royalty for oil citing huge loss of revenue. In a letter sent to petroleum minister Sudini Jaipal Reddy, Gogoi said Assam despite being a oil producer state a huge amount of revenue slips from its hands due to payment of crude extraction fee at discounted prices.
According to Gogoi, “Assam being a producer state should not be denied the benefits of its natural resources and made to compensate for the under-recoveries of the Central oil marketing PSUs.” He asked the petroleum minister to pass appropriate orders so that the oil companies pay royalty to the state government on the well head price determined by the actual price of equivalent crude oil prevailing in the international market and not on the sale price.
Gogoi said that the loss of revenue is due to under-payment of oil royalty by ONGC and OIL.
CAG also has raised the issue which estimates the loss at Rs 525crore over a period of 11 months during 2008-2009.
The chief minister further demands the Centre’s intervention to raise the effective royalty rate from the present 16.66% to 20% by modifying the present royalty calculation formula.
24 Feb 2014 - 9:34am | Pranjal Saikia
The celebration of spring with a new beginning for the nature which wake up after winter. The celebration, the occasion; Pune witnessed the same with a beautiful cultural event at Empress Garden,...
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DoNER minister Jitendra Prasad Singh on a day long visit to Assam on Tuesday. Singh is scheduled to visit the flood affected areas in Kokrajhar, Barpeta, Goalpara and Dhubri where the current...
21 Apr 2015 - 9:31am | AT News
Car lifting and chit fund cases along with the law and order situation are dominating the agenda of the DC-SP conference in Guwahati on Tuesday. Being opened by chief minister Tarun Gogoi, the...
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The All Rabha Women Council observed it's 22nd foundation day with daylong programme scheduled at Magurmari Chik Chik Club ground in Kokrajhar. The observance was organised by Kokrajhar...
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Yet another witch hunting incident fans no less shock and anger across the on Monday two days after it came to light. The incident took place at a remote helmet in Chirang district bordering Bhutan where thr body of the victim was recovered on Saturday. Identified as Guneswar Basumatary, the local resident of Koila Moila near Dotom was believed to have been killed alleging witch craft. According to family members,Guneswar went missing on September 16 evening he visited his relative's house at Koila Moila area. Family members lodged an FIR with Amguri PS,case number 45/2017, under section 302/201 IPC. During a search operation, police and family members recovered body in decomposed...
A local magistrate in Nagaon on Friday remanded Mithu Roy to two days police custody after the trader was produced before it in connection with the recent incident where he and his associates thrashed four former ULFA rebels who approached him for fund to feed the flood hit people. According to allegations, he was the main culprit who hired a few local associates to beat up the youths who were raising fund. He was arrested on Thursday as he was on the run as police arrested his three associates on Wednesday afternoon. Meanwhile, a huge gathering in the central Assam town demanded examplary punishment of the accused youths saying that they...
A candle lighting rally was carried out at Salakati in protest against killing of ABMSU leader Lafikul. The was organized by ABMSU and was participating by ABSU, AKRSU, bengali Federation, Santhali Student's Union and many organizations. The rally was started from Salakati anchalik Abmsu office and concluded at Railway gate. Thousands housands of activists from various student's union and civilians participated and demanded early arrests of main culprits.The ABMSU demanded CBI inquiry into Lafikul murder,arrest main culprits and provide safety and security to the persons of the region. Moinuddin Ali,ABMSU leader said that main culprits should be nabbed as soon as possible...
United Liberation Front of Asom (Independent) said The Nagas Nation has lost a true and uncompromising Nationalist. "In the creation of Western South East Asia geographic identity with an organic soul giving hope to even the smallest nationality of the region opportunity to get just political representation amongst the family of Nations reflects his deep understanding and vision in keeping with his superb statesmanship". Describing him as a 'Grandee' of the indigenous citizens of the WESEA region, ULFA(I) chairman Dr Abhizeet Asom in his condolence message to media said "as the Chairman of United Liberation Front of Western South East Asia, he brought an affinity amongst the...
Amid an escalating controversy over beef consumption, yet another leader has quit BJP in Meghalaya suggesting a setback for the saffron party in the pre poll political landscape. North Garo Hills BJP president Bachu Marak pulled out of the party after the national party spokesman Nolin Kohli warned him against a beef party in Tura to celebrate the three years of the NDA government at the Centre. Marak, who pulled many people to BJP in the Congress ruled state rued in his resignation letter to state party president Sjibun Lyngdoh made it plain and simple that he would never go against the sentiment of the Garo people for whom beef is an inevitable item at any feast. He...
A crucial meeting of BPF and AGP leadership with Amit Shah is clearing the decks for the expansion of Sarbananda Sonowal cabinet slated for April 15. Senior BJP leader Himanta Biswa Sarma along with AGP president Atul Bora, his BPF counterpart Hagrama Mohilary is meeting the BJP president in New Delhi on Monday where the entire process would be finalized. Sources told www.Assam Times that Bongaigaon legislator Phani Bhushan Chaudhury is likely to be inducted in the cabinet from AGP. Both AGP and BPF will have one each in the cabinet while BJP will have six new faces in the expanded cabinet. Those who are attending the close door meet include Hagrama Mohilary, Arul Bora, Hemant Biswa...
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