Pradhan asks OMCs to expedite allotment of outlets to SC, ST candidates

As part of the strategy, oil marketing companies allocate 22.5 percent of the new retail outlets to SC and ST candidates

GN Bureau | February 14, 2017


#oil companies   #BPCL   #IOCL   #HPCL   #PSU   #Dharmendra Pradhan  
After finding oil marketing companies (OMCs) lagging behind in meeting their targets, petroleum minister, Dharmendra Pradhan has asked OMCs to step up efforts to allot more retail outlets (ROs) to SC and ST candidates.
 
During the meeting it was found that there was a huge shortfall with respect to meeting social commitments of the OMCs. After being asked to intensify efforts to benefit SC/ST people, the OMCs have initiated procuring land from various state governments to be exclusively used for facilitating establishment of retail outlets by the SC/ST candidates.  
 
Notably, OMCs like Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have a laid-down policy for promoting social inclusion and economic empowerment of the weaker sections. As part of the strategy, the OMCs allocate 22.5 percent of the new retail outlets to SC and ST candidates. That apart, OMCs also have a well laid-down framework for allotting existing retail outlets to such candidates through divestment of company owned temporary retail outlets.
 
Pradhan also asked the OMCs to expedite selection process of SC/ST locations. For such applicants, additional time has been allowed to submit land to the OMCs for consideration of their applications for retail outlets.
 
It was also observed that there was large number of letter of intent (LoI) holders who were awaiting allotment of retail outlets which is primarily done by divesting the temporary company owned ROs.  The LoI holders since 2004, belonging to SC/ST community were also awaiting such allotment. A special drive has been initiated to expedite the process of handing over ROs to such candidates.
 
Around 600 such retail outlets have been identified across the country. It is likely to benefit more than 500 SC/ST candidates, widows and unmarried women without earning parents. This will provide necessary employment opportunity along with economic empowerment.
 

Comments

 

Other News

Union Budget: New tax regime made more attractive

Several attractive benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime were announced by finance minister Nirmala Sitharaman while presenting the Union Budget 2024-25 in Parliament on Tuesday. She proposed to increase the standard deduction for

All you want to know about Union Budget, in one place

SUMMARY OF THE UNION BUDGET 2024-2025 Key points INDIA’S INFLATION CONTINUES TO BE LOW, STABLE AND MOVING TOWARDS THE 4 PER CENT TARGET PM’S PACKAGE OF 5 SCHEMES AND INITIATIVES WITH AN OUTLAY OF  ₹ 2 L

Union Budget: A quick summary

Finance minister Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament on Tuesday. The highlights of the budget are as follows: Part-A Budget Estimates 2024-25:         T

India’s real GDP projected to grow 6.5–7% in 2024-25

India’s real GDP is projected to grow 6.5–7 per cent in 2024-25. The Indian economy recovered swiftly from the pandemic, with its real GDP in FY24 being 20 per cent higher than the pre-COVID, FY20 levels. This was stated in the Economic Survey 2023-24 presented in Parliament Monday by finance m

`Women welfare & empowerment budget tripled in 10 years`

As the Indian concept of welfare transforms into empowerment, India is transitioning from women’s development to women-led development, highlights the Economic Survey 2023-2024. Tabled in the Parliament on Monday by finance minister Nirmala Sitharaman, the Economic Survey 2023-2024 fo

Mofussils: Musings from the Margins

Provincials: Postcards from the Peripheries By Sumana Roy Aleph Book Company, 320 pages, Rs 899 Sumana Roy’s latest work, like its p

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter