GoM identifies 97 ONGC, OIL fields for auction: Report

A GROUP of Ministers last week approved major game changers in oil and gas exploration and production sector, including asset stripping of state-run Oil & Natural Gas Corp and Oil India Ltd. Based on the proposal from the Petroleum Ministry, the GoM — headed by Finance Minister and assisted by Coal, Commerce, Power and Petroleum Ministers — identified 97 oil and gas fields that could be taken away from ONGC and OIL for auctioning to private companies.
On January 29, a bureaucratic panel headed...

Can the GoM on MTNL, BSNL chalk out a revival strategy for the loss making telecos?

STATE-owned telecom companies BSNL and MTNL are facing tough time. But a crucial meeting of the group of ministers (GoM) assigned the task of finding the course of profitability for MTNL and BSNL on Wednesday is likely to bring some cheers...