[Marxistindia] Fully Recover Legitimate Revenue from RIL

[news from the cpi(m)]

September 29, 2016

 

Press Statement

 

The Polit Bureau of the Communist Party of India (Marxist) has issued the
following statement:

 

 

The Justice A.P. Shah Committee report on the compensation from Reliance
Industries Ltd regarding the Godavari-KG Basin natural gas fields was
submitted on August 30, 2016.

 

According to the report 11.2 million cubic meters of gas had migrated from
the ONGCs Godavari blocks to the adjoining KG-D6 block of RIL between April
1, 2009 and March 31, 2015. This gas is estimated at a value of Rs. 11000
crores at current prices.

 

The RIL should return the cost of the gas that it was not entitled to and
had illegally extracted for commercial gains. 

 

The PB of the CPI(M) demands that on the basis of the Justice A.P. Shah
Committee report, this amount that is legitimately due to the exchequer must
be fully recovered from the RIL. Additionally, the RIL should be penalized
for this illegal act, in accordance with our laws. 

 

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