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Prime Minister, Shri Narendra Modi today reviewed the situation arising out of OIL India Limited Oil Well Blow Out and fire in the oil well No. Baghjan-5 in Tinsukia District, Assam.

The Review Meeting was attended, amongst others by Home Minister Shri Amit Shah, Minister of Petroleum and Natural Gas Shri Dharmendra Pradhan, Chief Minister, Assam Shri Sarbananda Sonowal, other Union Ministers and senior officers of Government of India.

Uncontrolled gas started leaking from this well on 27th May, 2020.  Thereafter while preparation was going on to control the leak, the well caught fire on 9th June, 2020.  The families living in the surrounding areas have been shifted and relief camps set up by the State Government in collaboration with OIL India Ltd. Approximately, 9,000 persons are living in these relief camps.  As an immediate relief measure, Rs. 30,000 each has been sanctioned for 1610 families identified by District Administration.

Prime Minister assured the people of Assam through Chief Minister Assam that Government of India is fully committed to providing support and relief & rehabilitation to the affected families and is standing with the State Government in this difficult time due to the unfortunate incident that has taken place.  He also directed the Petroleum and Natural Gas Ministry that this incident should be studied and documented so that learnings become useful in future.  Further capacities and expertise should be developed within our own organizations to avoid such mishaps in future and deal with such calamities in case they occur. 

During the Review Meeting it was informed that the Detailed Plan has been drawn with the help of Indian and foreign experts to control the flow of gas from the well and to cap it.  The Plan is being executed as per the prepared schedule and it is proposed to cap the well on 7th July, 2020 after taking all necessary safety precautions.

সেবা অমসুং সমর্পনগী চহি 20 তাক্লিবা ফোতো 20
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PM to inaugurate InFinity Forum on 3rd December
November 30, 2021
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The Forum will focus on the theme of 'Beyond'; with various sub themes including ‘FinTech beyond boundaries’, ‘FinTech beyond Finance’ and ‘FinTech Beyond Next’

Prime Minister Shri Narendra Modi will inaugurate InFinity Forum, a thought leadership Forum on FinTech, on 3rd December, 2021 at 10 AM via video conferencing.

The event is being hosted by International Financial Services Centres Authority (IFSCA), under the aegis of Government of India in collaboration with GIFT City and Bloomberg on December 3 and 4, 2021. Indonesia, South Africa and the U.K. are partner countries in the first edition of the Forum.

InFinity Forum will bring together the leading minds of the world in policy, business, and technology to discuss and come up with actionable insight into how technology and innovation can be leveraged by the FinTech industry for inclusive growth and serving humanity at large.

The agenda of the Forum will focus on the theme of 'Beyond'; with various sub themes including FinTech beyond boundaries, with governments and businesses focussing beyond the geographical boundaries in the development of global stack to promote financial inclusiveness; FinTech beyond Finance, by having convergence with emerging areas such as SpaceTech, GreenTech and AgriTech to drive sustainable development; and FinTech Beyond Next, with focus on how Quantum Computing could impact the nature of Fintech industry in the future and promote new opportunities.

The forum will witness participation from over 70 countries. Key speakers at the Forum includes Finance Minister of Malaysia Tengku Mr. Zafrul Aziz, Finance Minister of Indonesia Ms Sri Mulyani Indrawati, Minister of Creative Economy Indonesia Mr. Sandiaga S Uno, Chairman and MD, Reliance Industries Mr. Mukesh Ambani, Chairman & CEO SoftBank Group Corp. Mr. Masayoshi Son, Chairman and CEO, IBM Corporation Mr. Arvind Krishna, MD and CEO Kotak Mahindra Bank Limited Mr. Uday Kotak, among others. NITI Aayog, Invest India, FICCI and NASSCOM are some of the key partners to this year's Forum.

About IFSCA

The International Financial Services Centres Authority (IFSCA), headquartered at GIFT City, Gandhinagar Gujarat, has been established under the International Financial Services Centres Authority Act, 2019. It works as a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. At present, the GIFT IFSC is the maiden international financial services centre in India.