New Delhi: After National Register of Citizen (NRC) and Citizenship Amendment Bill (CAB) issue, it's now the disinvestment proposal mooted by the Centre involving Bharat Petroleum Corporation Limited (BPCL) that has its direct impact on Assam.
Days after, Union Finance Minister Nirmala Sitaraman has announced of selling the state-run BPCL to private organisations, both ruling and opposition parties from Assam have expressed concern over the move.
On Saturday, Sitaram said that state-run BPCL along with Air India will be sold by March next. The move for the strategic sale taken by the centre is expected to revive country's economic slow down by raising over Rs 1 lakh crore in the current fiscal.
Sources said that the centre is banking on receipts from investment to increase revenue in a year in which tax collection are reportedly under tremendous pressure.
The decision of disinvestment, however, already created a major controversy with several organisations as well as political parties in Assam are opposing the move because privatizing BPCL will remove the Public Sector Undertaking (PSU) tag from the Numaligarh Refinery Limited (NRL).
BPCL holds 61.65 per cent share in NRL which is located in Golaghat in Upper Assam district. People of Assam have their sentiments connected with NRL.
The organisations opposing centre's disinvestment move said that NRL, being a subsidiary of BPCL which holds 61.65 per cent of NRL share, will automatically go to private companies after disinvestment of BPCL.
The other two stakeholders in NRL are Oil India (26 per cent) and Assam government (12.35 per cent). The present authorised capital of NRL is Rs 1,000 crore and paid up capital is Rs 735.63 crore.
NRL was set up in Assam under the historic Assam Accord of 1985 for the economic and industrial development of northeastern states. Recognised as a Mini Ratna company, NRL, till it's beginning had paid more than Rs 30,000 crore to the national and state exchequer.