Economy / Assam

NEW DELHI, March 21: The Union Government today ordered the restructuring of the Numaligarh Refinery Limited (NRL) by clearing transfer of Indo-Burma Petroleum (IBP) stake in the Refinery to the Bharat Petroleum Chemical Limited (BPCL). By the same order the Government also cleared sale of Government's stake in the Bongaigaon Refinery Petro-chemical Limited (BRPL). The Indian Oil Corporation (IOC) would pick up Government's entire holding in the Petro-chemical unit turning it into its subsidiary. The Union Cabinet cleared both the proposals earlier. According to the order issued by the...

HAFLONG, March 20: The eight NC Hills Autonomous Council has passed its Budget for the year 2001-2002 under the chairmanship of Kalijoy Sengyung in its session held on March 14 and 15 in the Council's session hall depicting a deficit of Rs 16.07 crore in its revenue sector, a press release said. The total estimated receipt is Rs 8,03,29,800 revenue + Rs 20,37,80,700 Govt Grant + Rs 138,57,50,000 deposit fund = Grand Total Rs 166,98,60,500. Presenting the Budget, the Chief Executive Member and i/c of the finance of the Council Prakanta Warisa who is also Member of Parliament stated that the...

GUWAHATI, March 17: As a result of the marked improvement in law and order situation in Assam, the flow of tourists to the State has been steadily increasing particularly in the recent years, an official release stated. The fact that the law and order situation in Assam has registered tangible improvement over the last few years is being recognised by foreign countries too and they have started revising their Travel Advice for tourists desiring to visit Assam. Recently, John Mitchiner, Deputy High Commissioner of United Kingdom in Kolkata has, in a letter, informed Assam Chief Minister P K...

GUWAHATI, March 17: The Additional Director General of Police (Operations), GM Srivastava, today lamented that though the law-and-order situation in the State has improved remarkably well during the last three years, a few tea giants with their headquarters in Kolkata and their tea gardens spread over the Assam-Arunachal Pradesh border, continued paying money to insurgent outfits. Delivering a lecture on the security overview of the State at a seminar on 'Development constraints and economy of Assam' here this morning, Srivastava informed that in spite of the best efforts of the State's police...

GUWAHATI, March 17: The flow of tourists to Assam has been steadily rising following an improvement in the law and order situation in the State, an official release said here today, reports PTI. Foreign countries have recognised the very fact that the law and order situation in Assam has registered tangible improvement over the last few years and have therefore started to revise their Travel Advicer for willing tourists, the release said. The British Deputy High Commissioner in Kolkata John Mitchiner has in a letter informed Chief Minister Prafulla Kumar Mahanta that their Travel Advice would...

NEW DELHI, March 10: In a significant development the Union Petroleum and Natural Gas Ministry has shifted two petroleum products (POL) distributors from Assam to West Bengal and Rajasthan following threats by the ULFA and NDFB militants. The Petroleum and Natural Gas Ministry's action assumes significance because it has come at a time, when the Centre in its report, claimed that the situation in Assam has shown improvement this year. The Home Ministry, in its annual report, painted a rosy picture claiming that the overall situation has shown improvement as the number of killings has gone down...

GUWAHATI, March 8: Employees working in different departments under Karbi Anglong Autonomous Council (KAAC) have not received their salary for at least four months as the Council is in financial straitjacket which has already exhausted the Budget provision for the current financial. However, even as the employees are left to reel under hardship, bills of contractors are being paid without delay. This has raised many a eyebrows for the simple reason that any administration authority dogged by fund crisis would have opted to pay its employees first before settling bills of contractors who could...

GUWAHATI, March 7: Three reputed tour operators of the city were in for a rude shock recently when at least nine groups of tourists, mainly from European nations and Japan cancelled their programmes of visiting the State at the last moment causing major financial losses to the operators. Courtesy - a deliberate campaign by two travel-related websites (www.fco.gov.uk/travel and www.bmzl.com) asking interested tourists from these nations to cancel their programmes combined with a negative campaign by several travel heavyweights in Delhi as well as sheer indifference of the Union Ministries of...

GUWAHATI, March 6: The much-vaunted 'industrial revolution' in the State is perhaps going to have a nose-dive much before its actual take-off. For, taking advantage of the latest 'far-sighted' Union Budget, the companies, which had set up their tobacco-based units in the State in the recent years, have started preparations to wind up their units pleading 'economic weariness' following the withdrawal of the excise duty exemption. It perhaps needs no mention that most of the industrial units set up in the State during the recent years were tobacco-based units and the latest Union Budget declared...

JORHAT, March 3: Director-general of Tocklai experimental station A.N. Mukhopadhyay submitted his resignation yesterday. Mukhopadhyay joined as the director-general of the oldest and the largest tea research centre in the world eight months ago. He served as the vice-chancellor of Assam Agricultural University here before joining the Tocklai station. "It is not a resignation letter. I have put forward some conditions to the board of management to continue in my present post," Mukhopadhyay said. However, Tea Research Association chairman Aboni Borgohain said the director-general expressed his...