How government can solve the natural gas pricing problem

The government's mismanagement of India's natural gas resources has clearly not run its course. The Union Cabinet had recently agreed to allow Reliance Industries Ltd (RIL) to increase the price of gas from its fields in the Krishna-Godavari (KG) basin, provided it executed a bank guarantee that would cover its liability if charges of hoarding gas proved to be true. However, these terms do not seem to be applying to Reliance's partners in the field - Niko Resources and the international petrochemicals giant BP.

Read Full Story>>