Need of the hour
The consolidation of the oil sector suggested by the Nitish Sengupta committee makes a lot of sense when viewed in the context of globalisation. One may have differences on the nitty-gritty of the proposals, but the broad rationale for restructuring the sector is not in doubt.

Coalition trouble
The bogey of political uncertainty has raised it head once again. With the Union cabinet calling Jayalalitha's bluff, it is finally decision time for the AIADMK leader.

FIs must not seek board berth on holding strength
Unit Trust of India (UTI) has demanded representation on boards of companies in which its holding is 5% and above.

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