Centre agrees to pay Rs 6,320 cr as oil royalty to Assam
The Centre today agreed to pay Rs 6,320 crore to the Assam government as crude oil royalty as part of an out of the court settlement after eight years of protracted legal battle.
Feb 21, 2017, 16:21 PM ISTOil PSUs to pay royalty on gross price to producing states
In a bonanza to oil producing states like Assam, the government has ordered state-owned ONGC and Oil India to pay royalty to them on the gross price for crude oil and not the net rate they actually realise.
Jul 18, 2016, 21:45 PM IST