IOCL gets nod to set up Petrochemical Complex in Paradip

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by Sabyasachi Kundu

NEWS HIGHLIGHTS

Indian Oil Corporation Limited (IOCL) announced that its board has given in-principle approval for setting up the Paradip petrochemical complex in Odisha’s Paradip. The project will be developed at an estimated cost of Rs 61,077 crore.

New Delhi/ Bhubaneswar, March 22: Indian Oil Corporation Limited (IOCL) announced that its board has given in-principle approval for setting up the Paradip petrochemical complex in Odisha’s Paradip. The project will be developed at an estimated cost of Rs 61,077 crore.

This is the largest ever investment by the IOCL at a single location.

The IOC in a regulatory filing said, “The Board of Indian Oil at its meeting held on March 21 has accorded ‘in-principle’ approval to carry out pre-project activities including preparation of Detailed Feasibility Report for setting up Paradip Petrochemical Complex at Paradip, Odisha at an estimated project cost of Rs 61,077 crores.”

Further, the filing said, “The project shall improve the Petrochemical Intensity Index of the Company and de-risk its fossil fuel business. It shall also help to reduce the import dependency and contribute to the vision of Atmanirbhar Bharat.”

Union Education Minister Dharmendra Pradhan welcomed IOCL’s approval for setting up the Paradip Petrochemical Complex in Odisha. The tweeted, “Welcome @IndianOilcl’s approval for setting up the Paradip Petrochemical Complex in Odisha. The largest-ever investment by #IOCL at a single location in India, this effort is guided by PM @narendramodi’s vision of #Purvodaya which will spur socio-economic growth in Odisha.”

The Union Minister also thanked Prime Minister Modi and Union Petroleum Minister Hardeep Singh Puri for their commitment for the development of Odisha and eastern India.

“Thank Hon. PM Modi and Shri @HardeepSPuri for their commitment for the development of Odisha and eastern India. The decision will act as a catalyst towards making India #Aatmanirbhar in the petrochemicals sector,” Pradhan wrote in Twitter.

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Uttarakhand: All 41 Trapped Workers Rescued From Silkyara Tunnel

by Hemanta Pande

Uttarkashi, Nov 28: All the 41 workers trapped inside the Silkyara tunnel in Uttarakhand since November 12, have been successfully rescued, offficials said on Tuesday evening.

Meanwhile, Chief Minister Pushkar Singh Dhami met the workers who have been rescued along with Union Minister of State General (Retd) VK Singh.

A portion of the tunnel caved in on November 12, the debris falling in the 60-metre stretch on the Silkyara side of the tunnel, trapping 41 labourers inside the under-construction structure.

"The exact time of breakthrough was 7:05 pm. Uttarakhand CM, Minister of State for Road Transport and Highways and Civil Aviation Gen VK Singh are present there," says Harpal Singh, Project Head, Zoji-la Tunnel.

CM Dhami highly appreciated the morale and courage of the workers and personnel engaged in the rescue operation.
Meanwhile, NDRF and SDRF personnel entered the tunnel for rescue to rescue the workers.

Earlier today, Uttarakhand CM and other officials reached the Silkyara tunnel rescue site.

Read: National News

A portion of the tunnel caved in on November 12, the debris falling in the 60-metre stretch on the Silkyara side of the tunnel, trapping 41 labourers inside the under-construction structure. (ANI)

Uttarkashi: First Worker Evacuated From Silkyara Tunnel; Rescue Operation Underway

by Hemanta Pande

Uttarkashi, Nov 28: After 17 days of the marathon operation, the first worker out of 41 workers has been evacuated from the Silkyara tunnel and efforts to bring out the remaining trapped workers are underway.

As the rescue operations enter the final stage, Uttarakhand Chief Minister Pushkar Singh Dhami said that the work of pipe pushing inside the Silkyara tunnel where the efforts to bring out 41 trapped workers has been done across the debris.

"There has been a great success in the ongoing rescue operation in the Silkyara Tunnel, the work of pipe pushing has been done across the debris. Now preparations have been started to evacuate the workers safely," Uttarakhand CM posted on X (formerly Twitter).

As the pipe has reached the place where the workers are trapped, the lights are being installed inside the pipeline so that the workers do not face any problems in the rescue operation. The rescue operation of workers may start soon.

Meanwhile, NDRF and SDRF personnel enter inside the tunnel for rescue, the operation to rescue the workers is about to start in a few minutes.

A worker involved in the rescue operation says, "The situation is good. Four to five people from NDRF have gone inside. The process of rescuing the workers has already begun. We are taking stretchers inside to bring the trapped workers outside..."

"The rescue work has been completed and the trapped workers will start coming out in the next 15-20 minutes. NDRF teams will pull out the workers now. It will take around half an hour to rescue all the 41 trapped workers. There are no hurdles now," a worker involved in the rescue operation.

Read: National News

Earlier today, Uttarakhand CM and other officials reached the Silkyara tunnel rescue site.

A portion of the tunnel caved in on November 12, the debris falling in the 60-metre stretch on the Silkyara side of the tunnel, trapping 41 labourers inside the under-construction structure. (ANI)

Chamber Of Trade And Industry Advocates Caste Census For Taxpayers In Letter To PM Modi

by Hemanta Pande

New Delhi, Nov 28: The Chamber of Trade and Industry (CTI) in Delhi has called for a comprehensive caste census of taxpayers, emphasising the need for transparency and accountability in economic contributions.

CTI Chairman Brijesh Goyal has penned a letter to Prime Minister Narendra Modi, urging the government to conduct a caste survey to shed light on the economic dynamics influenced by different sections of society.

Goyal said, "Along with the caste survey, data should also be collected as to how much tax people of which caste pay to the government. In the letter written to Prime Minister Narendra Modi, it has been said that people should know which caste people play an important role in running the economy. Who pays the most taxes and does the government make any policy keeping their interests in mind?"

Read: Karnataka Govt Has No Authority To Conduct Caste Census: Union Minister

Goyal emphasised the importance of understanding the tax contributions from various castes, asserting that such data would unveil the role different communities play in driving the economy.

The letter argues that releasing a caste-wise breakdown of taxpayers would enable citizens to comprehend which caste groups contribute significantly to the national exchequer.

This, in turn, could inform government policies tailored to address the interests of high-contributing castes.

Acknowledging the government's possession of extensive data related to income tax and GST, the CTI suggests that unveiling the list of taxpayers based on caste would provide insights into the financial contributions of different communities.

The CTI proposal encourages the government to formulate policies, insurance schemes, pensions, and medical facilities based on the revenue generated by each caste.

Goyal stated, "Being a business organisation, we are making such a demand. There is a discussion going on in the trading community. Thousands of traders have agreed to this demand of CTI".

Brijesh Goyal clarified that the CTI's demand stems from its role as a business organisation, reflecting ongoing discussions within the trading community.

Read: National News

Thousands of traders have expressed support for the CTI's proposal, highlighting a growing consensus within the business sector regarding the need for a caste-wise breakdown of taxpayer data.