ONGC’s cash balance fell to Rs 167 crore in Sept 2018 from Rs 9,511 crore in March 2017, but it says it has enough to finance current and future projects.
ONGC’s cash & bank balances hit Rs 167 crore in Sept 2018, down from Rs 9,511 crore in March 2017, following the acquisition of HPCL and other govt diktats.
Investors, fund managers are concerned with effects of govt pricing policies on ONGC’s share price, reimposition of subsidies and lower state-set prices.
ONGC’s largest shareholder, the central government, has been tapping state-run companies including India’s biggest energy explorer to bridge its fiscal deficit.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
ONGC’s job is to hunt for hydrocarbons, all over the world. It has a subsidiary for foreign acquisitions of oil bearing assets. HPCL refines oil and markets it. Zero synergy between the two corporates. The skill sets of their employees are dissimilar. Their merger was not as disastrous as Air India – Indian Airlines, but it represented nothing more than clever fiscal – not even financial – engineering. ONGC’s financial accumulations are meant to spur and fund exploration efforts, not bail out the government as it seeks to contain the fiscal deficit.
World is going to face a massive recession, along with negative weather conditions & worldwide social disparities.
Indian Government never looked at population control, income distribution parity, health, shelter and education for last 70 years. Over and above harsh implementation of GST, demonetisation will create the situation more complicated, if full scale recession hits !!
To make PSU units more fruitful and effective, solution like WMG, CEO from corporate world and involving IITs and IIMs are important instead we look only one window – SELLING THEM TO INDIAN MNCs TO BECOME MORE SICK AND INDIAN “BUSINESSMEN” BECOMING RICHER !!
ONGC’s job is to hunt for hydrocarbons, all over the world. It has a subsidiary for foreign acquisitions of oil bearing assets. HPCL refines oil and markets it. Zero synergy between the two corporates. The skill sets of their employees are dissimilar. Their merger was not as disastrous as Air India – Indian Airlines, but it represented nothing more than clever fiscal – not even financial – engineering. ONGC’s financial accumulations are meant to spur and fund exploration efforts, not bail out the government as it seeks to contain the fiscal deficit.
Mr. Prime Minister and his team must consider-
World is going to face a massive recession, along with negative weather conditions & worldwide social disparities.
Indian Government never looked at population control, income distribution parity, health, shelter and education for last 70 years. Over and above harsh implementation of GST, demonetisation will create the situation more complicated, if full scale recession hits !!
To make PSU units more fruitful and effective, solution like WMG, CEO from corporate world and involving IITs and IIMs are important instead we look only one window – SELLING THEM TO INDIAN MNCs TO BECOME MORE SICK AND INDIAN “BUSINESSMEN” BECOMING RICHER !!