The Real Hidden Monster

I will keenly await the CAG report on Oil subsidies to & under-recoveries of OMCs. IMO that is the Biggest Day Light Robbery in the World.

Simplly explained: How can OMCs decide on quantum of opportunity loss, when the costs are uncontrolled? If Centre had control on the process and procedures of cost, OMCs can demand subsidies. With uncontrolled costs, Centre practically pays and backstops for EVERY Mistake, Negligence & Frauds OMCs may commit.

This is going to be a huge one.

Related: The puzzle of OMCs

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Mahant!

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