Skip to content Skip to navigation

Ensure due oil royalty: Gogoi to Reddy

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.

Add new comment

Random Stories

Assam Science Society conference begins at Demow

23 Jan 2011 - 3:34am | mridulburagohain
The 48th Bi-Annual Conference of Assam Science Society began on January 22 at Demow H.S. School. The first day of conference the organizing committee celebrated Silver Jublile of Demow Branch. In...

NDFB-S rebels arrested, ammunition recovered

9 Sep 2015 - 7:07pm | Hantigiri Narzary
Two  senior NDFB-S rebels, were arrested from two separate places in Chirang district on Wednesday. Talking to Assam Times at Kajalgaon in Chirang on Wednesday, BTAD IGP Dr. LR Bishnoi told...

Afghan journalist to interact with Guwahati scribes

28 Feb 2019 - 9:28am | AT News
Guwahati: Senior Afghan radio journalist Abdul Mujeeb Khalvatgar will interact with member-journalists of Guwahati Press Club on 3 March at 3.30 pm. An MA in international relations, Khalvatgar is...

Farmers receive Tractors under CMSGUY in Udalguri

12 Aug 2018 - 12:55pm | Shajid Khan
UDALGURI: Assam Public Health Engineering and Co-operation Minister, Rihon Daimari distributed tractors and accessories to beneficiaries under the Chief Minister’s Samagra Gramya Unnaya Yojana (...

Other Contents by Author

The first Horizon Series Cultural Programme of the year 2013 was successfully held on 5th January 2013 from 6 pm onwards at Soul Speak Studio hall, Dimapur. The main programme saw performances from three artistes- Chuba Jamir, Kagholi Chisi and Toshi Aier.Chuba Jamir, who is also known as Kishore Kumar of Nagaland presented songs in Hindi, Engish and Ao including his latest remix of the you tube sensation Gangnam Style in Hindi which turn out to be a hit with the audience. Kagholi Chisi sang a few cover songs and Toshi Aier presented 3 Ao songs.A regular feature of Horizon Series programme is the open mic cum jam session with the intention of giving a platform to artistes wanting to perform...
ULFA seems to have stepped up its activities in the run up to the Republic Day. A hardcore ULFA militant was killed in an encounter with security forces in Assam's Tinsukia district. Acting on a tip-off about the presence of a group of five ULFA cadres in Hebeda village, police launched an operation in the area.In an ensuing encounter the militant was killed while others managed to escape. The slain militant was identified as Debojit Duara alias Wangli Asom. His elder brother, also a suspected ULFA militant, was killed in an encounter in 2007. Police recovered a grenade and some ammunition from the slain militant. A massive combing operation was launched in the area to arrest other...
Security forces recovered two Improvised Explosive Devices from Nagajan area near Duliajan on Friday evening.The IEDs were planted near oil pipe lines in the area. Later, the army's bomb squad team defused the IEDs. ULFA’s anti-talk faction led by Paresh Baruah is active in upper Assam and is trying to trigger explosions in few areas ahead of the Republic Day.
Massive protest over rape and molestation is spreading across the state on Saturday. Members of the All Assam Association of the Deaf staged a demonstration here to protest against the rape of a mentally challenged woman allegedly by CRPF men in Lakhimpur district.Wearing pieces of black cloth across their mouths and held placards, the protestors shouted slogans demanding capital punishment for the culprits.The protest was triggered by an incident in North Lakhimpur, when two CRPF personnel allegedly raped a mentally challenged woman in Chaulduwa area in Lakhimpur town on Thursday.
Tinsukia police have arrested five persons for gangraping a 13-year-old girl on Friday. The incident took place at Sukanpukhuri tea estate under Makum police station on the intervening night of January 2-3 after one of the accused, Jogeshwar Mali, lost his cellphone.According to police, Tusu incited her husband and his friends to punish the girl and the four caught hold of the girl at a lonely stretch of the estate and raped her.The police arrested Tusu, Mali and his friends Sanesh Nayak, Tirnath Mali, Ram Chandra Patnaik after the girl told the family about the incident.
A lower court in Lakhimpur has jailed a CRPF jawan on Friday charging him with raping a physically challenged woman on Thursday. Three of his colleagues are on the run. The incident took place at Chauldhowa village. According to eyewitness, about four CRPF personnel forcibly took the physically challenged woman, who was passing by the CRPF camp on NH 52 in the area to the nearby jungle. Some locals raised an alarm. While they managed to catch Mohan Singh, the others fled. The victim has been sent for medical examinations.
In a huge setback for Congress ahead of the panchayat elections, a senior Congress leader in BTAD area has been sent to jail on Friday a day after he was caught red handed when he found with a woman Thursday morning. BTC Congress Committee chief convener Bikramsingh Brahma who stayed at the woman's house had forcefully slept with the victim to be discovered by her husband.After being thrashed by local residents, police produced him before the Chirang court on Friday where he was remanded to judicial custody. The Congress has expelled Brahma from the party.
Every year the Education Research and Development Foundation (ERDF) honors eminent personalities of the state in recognition of their contribution in different fields to mark the advent of New Year. This year ERDF selected some senior citizens of the state to wish good health and long life so that they can continue their service to the society.The 2013 edition of the felicitation programme was held at the Regional Institute of Science & Technology (RIST) for ten senior citizens. The function began with welcome address of the dignitaries to the Dais by N I Laskar, Director, Corporate Communication ERDF. Dr H K Baruah, Director (Academics), ERDF welcomed the guests. Felicitation of...
A cycle rally was set on the roll at Bokakhat this morning with an objective to generate awareness among the masses for conservation of precious wildlife in Kaziranga National Park and its fringe areas in Assam. The rally has been organised by Aaranyak, a society working for bio-diversity conservation in association with Upatyaka, a conservation organization and State Forest Department.The rally which will culminate on January 5 at Garhpal, Sootea in Sonitpur district in the North Bank of Brahmaputra, was flagged off today at Bokakhat by local MLA Arun Phukan in presence of Kaziranga NP Director N.K. Vasu, prominent citizens of Bokakhat, officer-in-charge of Bokakhat Police station,...
Assam Times "Reporter" The Assam Times is an online news portal that tells the tales of people from all walks of life. “Assam” here does not confine to today’s geographical boundary and goes beyond the barriers. We welcome news and articles on/from the entire northeastern states - Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Sikkim and Meghalaya. First time writers, please send a short note about yourself along with your Facebook/Twitter ID, contact details and a small photograph for your Reporter's ID Card. Since it functions on the concept of citizen journalism, anybody can share write ups and ideas which we will endorse according to our editorial policy. Apart from...