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

Exclusive Breastfeeding? Yes. Effective Breastfeeding? No. What to do?

Our hearts almost skipped a beat when we heard community health officer (CHO) Dr. Sandeep Kakuste’s success story with baby Pinki Lakhan Patil, who was born underweight in a brick kiln. Pinki weighed 1.7 kg at birth. As she was on exclusive breastfeed she could not have gained weight by any other met

Places of Worship Act: Time for a second look?

A videography survey in the Gyanvapi mosque in Varanasi this month, along with a similar survey in the mosque in Mathura permitted by a court, has brought the Places of Worship Act under focus after a gap of three decades. In 1991, at the peak of the Ram Janmabhoomi movement, the PV Narasimh

Gujarat is key if India is to become $5 trillion economy

The Government of Gujarat had set up a task force committee in February 2022 under the chairmanship of Dr. Hasmukh Adhia, former union finance secretary, to work out a strategy for the state to contribute in making India a USD 5 trillion economy, as per the vision of the prime minister. In three months, th

Why is Lanka in flames: the making of a crisis

This time it was not Lord Hanuman, but the poor decision-making of the political leaders combined with several global economic factors that set Sri Lanka in flames. A state of emergency was declared in Sri Lanka. This month, after the Prime Minister of Sri Lanka resigned from his post, the

Growing Up as a Multilinguist

Being and Becoming Multilingual: Some Narratives Edited by Rajesh Sachdeva and Rama Kant Agnihotri

Mumbai civil body refutes allegations of scam in tenement scheme

The BrihanMumbai municipal corporation (BMC) has rejected the Congress accusations of financial irregularities worth Rs 8,000 crore—9,000 croe in awarding contracts for getting project-affected people (PAP) tenements on private land.    BMC has said that it implements vital p

Visionary Talk: Arvind Sawant, Member of Parliament with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter