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......
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......
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