After finding oil marketing companies (OMCs) lagging behind in meeting their targets, petroleum minister, Dharmendra Pradhan has asked OMCs to step up efforts to allot more retail outlets (ROs) to SC and ST candidates.
During the meeting it was found that there was a huge shortfall with respect to meeting social commitments of the OMCs. After being asked to intensify efforts to benefit SC/ST people, the OMCs have initiated procuring land from various state governments to be exclusively used for facilitating establishment of retail outlets by the SC/ST candidates.
Notably, OMCs like Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have a laid-down policy for promoting social inclusion and economic empowerment of the weaker sections. As part of the strategy, the OMCs allocate 22.5 percent of the new retail outlets to SC and ST candidates. That apart, OMCs also have a well laid-down framework for allotting existing retail outlets to such candidates through divestment of company owned temporary retail outlets. Read More…
Credit By : Governancenow.com
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