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ONGC, OIL free from subsidy if average oil price is $60/barrel

May 22, 2015

ONGC, OIL free from subsidy if average oil price is $60/barrel

The difference between the cost and the retail selling price is borne by the government by way of cash subsidy and upstream producers like ONGC and Oil India. #Economy #NewsTracker #ONGC #GAIL #LPG #Kerosene #Oil India #Fuel Subsidy #Dinesh K Sarraf #Ratan Watal
Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

May 22, 2015

Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

The fuel retailers had lost a total of Rs 72,314 crore on selling diesel (up to 17 October), LPG and kerosene at government rates, which were way below cost in 2014-15. #finance ministry #NewsTracker #ONGC #Indian Oil #LPG #Diesel #Kerosene #Hindustan Petroleum #Bharat Petroleum #Oil India #Fuel Subsidy
Arun Jaitley's disinvestment act is looking better than Pranab's or Chidu's

May 20, 2015

Arun Jaitley's disinvestment act is looking better than Pranab's or Chidu's

The stage is being set for year-round disinvestment sales in order to meet the government's high share sale targets. #Pranab Mukherjee #P. Chidambaram #coal india #NTPC #InMyOpinion #ONGC #fiscal deficit #Arun Jaitley #PSU Disinvestment
Iran acting tough on ONGC over development of gas field

May 11, 2015

Iran acting tough on ONGC over development of gas field

Iran had last month reached a framework nuclear agreement with the six world powers, spurring hopes of a final deal by June-end that could lead to the lifting of economic sanctions. #NewsTracker #ONGC #Indian Oil #Iran #ONGC Videsh #Ministry of Petroleum and Natural Gas #Oil India #Farzad-B #Master Development Plan

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Memo to Sebi: Is govt licensed to rob minority investors?

Sep 26, 2011

Memo to Sebi: Is govt licensed to rob minority investors?

If a private group were to happily transfer money from one company to another Sebi would pounce on them. Why isn't it doing so with government companies? #ONGC #Indian Oil #GAIL #Thats Just Wrong #BPCL #HPCL #Oil India