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Union Cabinet approves expansion of Numaligarh refinery in Assam

The Cabinet Committee on Economic Affairs has given its approval for the capacity expansion project of Numaligarh Refinery from 3 MMTPA (Million Metric Tonne Per Annum) to 9 MMTPA.

The expansion project involves setting up a crude oil pipeline from Paradip in Odisha to Numaligarh and product pipeline from Numaligarh to Siliguri in West Bengal. The expansion is expected to be completed by within a period of 48 months, after approval and receipt of statutory clearances.

Funding the Project

The estimated cost of the project is Rs. 22,594 crore. The Numaligarh Refinery will raise a debt of Rs.15,102 crore and would contribute Rs.2,307 crore from its internal accrual. The promoters of NRL, Bharat Petroleum Corporation Ltd, Oil India Ltd & Government of Assam (GoA) will contribute to equity and the government of India would provide a Viability Gap Funding of Rs.1,020 crore.

Numaligarh Refinery Limited (NRL)

Numaligarh Refinery Limited (NRL) was set up at Numaligarh in the district of Golaghat (Assam) in accordance with the provisions made in the historic Assam Accord. The NRL was conceived as a vehicle for speedy industrial and economic development of the region.

The promoters of the NRL are Bharat Petroleum Corporation Ltd, Oil India Ltd & Government of Assam (GoA).

The expansion of the NRL will aid in meeting the deficit of petroleum products in the North East and also sustain the operations of all North East refineries by augmenting their crude availability. Together with generating direct and indirect employment in Assam and it is the driver of Government’s Hydrocarbon Vision 2030 for the North East.

Month: Categories: India Current Affairs 2018

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Citizenship Amendment Bill passed in Lok Sabha

The Citizenship (Amendment) Bill, 2019 was passed in Lok Sabha. The protests have erupted in Assam against the passage of the bill. The people of Assam fear that the amendment bill undermines the Assam Accord of 1985.

Citizenship (Amendment) Bill 2019

The Citizenship (Amendment) Bill, 2019 seeks to amend the citizenship Act, 1955.  The features of the amendment bill are:

  • The bill aims to grant Indian citizenship to all persecuted religious minorities like Hindus, Jains, Sikhs, Christians, Buddhists and Parsis from three neighbouring countries of Bangladesh, Pakistan and Afghanistan.
  • The bill is applicable to all states and union territories of the country and the beneficiaries of the can reside in any part of the country.
  • The bill when passed would provide a big relief to the persecuted migrants who have come through western borders of the country to States like Gujarat, Rajasthan, Delhi, Madhya Pradesh, and other states.

As per the reports, the government would set the cut off date at December 31, 2014, to provide citizenship to persecuted religious minorities.

Addressing the concerns against the Bill

The Union Home Minister provided the following assurance to allay fears about the bill:

  • The burden of the persecuted migrants will be shared by the entire country and not by Assam alone.
  • The Union Home Minister also assured full support for the state governments in the implementation of the bill.

Protestors led by Krishak Mukti Sangram Samiti (KMSS) in Assam have imposed an economic blockade and have said that they would not allow locally produced oil, petroleum products, coal, forest products and limestone to be taken out of the state.

Month: Categories: Bills and ActsUPSC Current Affairs - 2019

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