An oily Shylock

Forcing public sector firms to shell out more money seems to be a strange way to reduce the government’s fiscal deficit. If reports are to be believed, that is what the Union government plans to do. A Bloomberg story on Monday said ONGC may be asked to fork out Rs.470 billion this fiscal as compared with Rs.248.9 billion the year before. This massive rise is due to its share in bearing the subsidy burden.

Read Full Story>>