ONGC is Government's 'Cat's Paw' to Plug Fiscal Deficit

摘要

In the past nine months of FY 14, ONGC has suffered I the country's subsidy burden by coughing up around Rs 40,182 crore and paying out a total dividend of Rs 7,913.83 crore-of which Rs 5,478.74 crore has gone to the government's kitty. It has been also made to pick up a 10 per cent stake in state-run IndianOil Corporation Limited (IOCL) in January this year,