Oil minister meets Odisha CM over IOCL impasse

Pradhan says it is important for Odisha to incentivise the expansion plans of IOCL to create petrochemical and downstream industries in the state

GN Bureau | August 21, 2017


#PSU   #IOCL   #tax   #Odisha   #Dharmendra Pradhan   #Naveen Patnaik  

 In order to resolve a tax-dispute between Indian Oil Corporation Limited (IOCL) and government of Odisha, a meeting was held between minister of state (I/C) for petroleum & natural gas Dharmendra Pradhan and Odisha chief minister Naveen Patnaik in New Delhi.

During the meeting, Pradhan was of the view that though Odisha had extended the tax concession in 2004, there was a necessity of finding an amicable solution to the present impasse keeping in view the fiscal health of the state and commercial interest of IOCL.  He stressed on the need for finding an amicable solution, wherein both IOCL and the state government can work out a mutually acceptable solution by climbing down from their stated positions.
 
Pradhan was of the opinion that it was important for Odisha to incentivise the expansion plans of IOCL to create petrochemical and downstream industries in the state. 
 
Over a period of time, it will enable Odisha to increase its revenue and also create additional employment avenues for the youth of the state. This will lay the foundation of a new industrial ecosystem, facilitating industrialisation and fiscal consolidation. This is in keeping with the vision of the prime minister to provide adequate resources for development and industrialisation of eastern India, including Odisha.
 

Comments

 

Other News

Aadhaar linkage with electoral roll on cards

The election commission of India (ECI) has been working on a series of electoral reforms, and the agenda includes linking Aadhaar with the electoral roll, considering paid news and false affidavit as electoral offence/corrupt practice, better monitoring the role of print media and social media intermediari

Save Panje wetland, give it Ramsar status: environmentalists

To protect the fast depleting wetlands against being used as landfill and for development activities in Mumbai metropolitan region (MMR), environmentalists have asked the centre to declare the 289-hectare Panje wetlands in Uran tehsil of Raigarh district as a ‘Ramsar site’ and preserve its ecol

All you wanted to know about Mumbai’s coastal road

Mumbai is building a coastal road to cut through traffic snarls and make life easier for commuters. The ambitious project, part of the city’s Development Plan (DP) 2035, is the second major initiative after the Bandra-Worli sea link, and should become a reality in 2023. Here are the key facts

Delhi elections: accounting for intangibles away from banal nationalism and hyper nationalism

The party that came into existence on the intangible timeworn issue of corruption, transparency and increasing public investment through public savings is going on winning elections in Delhi with huge margins, consistently rowing the boat between doldrums and high tides. Somewhere between the doldr

How Divyang-friendly and inclusive is Mumbai? Experts discuss

Mumbai, the second largest city in the country, is not very inclusive when it comes to the easy access to the disabled, but it is learning and is in the process of making the life of Divyangs easier. Also, it aims to rehabilitate all slums in five years. Stakeholders came together to discuss



Archives

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter