Tag: Iocl

Bhubaneswar: The fourth meeting of the working group to resolve tax dispute between the Odisha government and the Indian Oil Corporation Limited (IOCL) remained inconclusive today. The meeting of the core group involving officials of IOCL and the State government could not arrive at an settlement on the tax incentive issue of the former’s Paradip refinery project. […]

Bhubaneswar: The much awaited talks between the Indian Oil Corporation Limited (IOCL) and Odisha government, to resolve the VAT issue, reportedly failed to reach a consensus in New Delhi on Monday, as the officials attending the meeting sought more time to discuss on it. “No decision could be taken at the meeting. We discussed on […]

Paradip: After a brief lull, miscreants have bounced back to steal oil from the pipeline of Indian Oil Corporation (IOCL) again allegedly by damaging the pipes at Neheru Bangala road near the port town today. Following the rupture, oil made its way to the nearby Kaudia creek and fields besides spilling over to the water […]

Bhubaneswar: Amid the ongoing dispute over VAT dues between the Odisha government and Indian Oil Corporation Limited (IOCL), Union Petroleum minister Dharmendra Pradhan said that the oil company is ready to sign a new agreement in the current situation. “I have written to the Chief Minister of Odisha mentioning that the current government at Centre […]

Bhubaneswar/Paradip: With Paradip fast emerging as a major petro-chemical hub, the state government has begun an environment impact assessment of areas lying close to the industrial zone in a bid to attempt to sustain ambient surroundings. The government has laid emphasis on environment control measures as Paradip is fast striding towards massive industrialisation. With the […]

Bhubaneswar: Union Petroleum minister Dharmendra Pradhan on Friday pinned hopes that the VAT dispute between the Odisha government and Indian Oil Corporation Limited (IOCL) pertaining to latter’s refinery project in Paradip is settled amicably through mutual discussions. Urging the Odisha government to keep interests of the people of the State in mind, Pradhan said he […]

Cuttack: In a major setback to Odisha government, the Orissa High Court has ordered to keep in abeyance the demand notice that it had issued to Indian Oil Corporation Ltd (IOCL) to recover pending taxes to the tune of Rs 1,485 cr. As per the order, no action can be taken on the matter till […]

Bhubaneswar: In reply to the statements of Union Petroleum Minister Dharmendra Pradhan alleging the Odisha Government has violated the agreement signed in between Indian Oil Corporation Limited (IOCL) and the State, BJD spokesperson Pratap Keshari Deb on Sunday said the charges made by Pradhan as well as the facts presented by him are false while […]

Bhubaneswar: After the Odisha government informed that it has withdrawn interest-free loans to Indian Oil Corporation Limited’s (IOCL) Paradip Refinery project, political bickering ensued with the ruling-BJD claiming to be safeguarding the interest of State while the BJP’s state unit alleged that the state government’s intolerance towards Union Petroleum ministry, Dharmendra Pradhan. The withdrawal of […]

Bhubaneswar: The Odisha finance minister Pradeep Kumar Amat informed the Odisha Assembly that the State government has withdrawn the incentive in the form of interest-free loans to Indian Oil Corporation Limited’s (IOCL) Paradeep Refinery project. Also Read: Odisha to lose over Rs 2,000 cr on tax deferment to IOCL The agreement for interest-free loans which […]

Bhubaneswar: Chief  Secretary Aditya Padhi today said the fiscal deficit of Odisha is well within the limits. “The fiscal deficit is well within the permissible limit of 3.5 percent of GSDP. The present level of fiscal deficit is around 2 percent of Gross State Domestic Product (GSDP). The debt and GSDP ratio of the State […]

Bhubaneswar: Odisha Fisheries department’s FISHFED and IOCL inked a MoU to provide subsidized diesel for fishing trawlers and boats operated by fishermen in the State. The MoU was signed in presence of Odisha Agriculture minister, Pradeep Maharathy. As per the terms of the MoU, the fishermen will get 50 paisa subsidy on a litre of […]

Bhubaneswar: Odisha is set to lose over Rs 2,000 crore in 2016-17 due to deferment of value added tax (VAT) to Indian Oil Corporation’s Paradip oil refinery. The loss to the exchequer will be 11.42 per cent of the commercial tax target of Rs 17,500 crore fixed by the state government for the 2016-17 financial […]

Bhawanipatna: Cases have been lodged against three persons, including IOCL’s Kalahandi district area manager, for irregularities in distribution of LPG connections under the Pradhan Mantri Ujjwala Yojana. According to sources, widespread irregularities were found in the dealings of the Golamunda gas distributor, following which the cases have been lodged, informed the district collector. The Indane […]

Police on Wednesday arrested Trade Union leader Abhay Sahoo and three others in connection with the agitation staged by hundreds of protesters in front of the Indian Oil Corporation Limited (IOCL) refinery at Paradip