Government auditor CAG today criticised the Oil Ministry for allowing Reliance Industries to charge a marketing margin on its KG-D6 gas in US dollars...
The petroleum ministry has started collecting the $195-million penalty it imposed on Reliance Industries Ltd for producing less natural gas from KG-D6 field than what it had pledged in the revised field development plan.
The cocktail of an unhealthy government-business relationship, antediluvian government processes and a sluggish rule of law does not augur well for either democracy or for sustained economic growth
