Thursday, May 24, 2012

PSU OMCs Raise The Price Of Petrol

News;-PSU OMCs raise the price of petrol by a whopping rs 7.54 per Litre,on 23/5/2012,and this has come into effect from 0000 Hrs IST,24/5/2012.

Sunday, May 13, 2012

PPP For Avoiding CAG Audit!!!

  The Oil Ministry does not want Government share to exceed 50% [by purchase of the shares held by the ADB] in Petronet to avoid audit by the CAG!And to avoid CVC too!
An excerpt from the link above:-
"If the ADB stake goes to state firms, PLL would come under scrutiny of official auditor CAG and CVC because of PSU holding exceeding 50 percent, something that the company and the ministry was opposed to."

Has India any hope under such a rule?
Note:-PPP share-holding pattern:-
Govt 48%,Private party 48% the rest by others.
To be continued......