Low subsidy to impact oil marketing cos results: RS Sharma

RS Sharma, Former Chairman of ONGC, in an interview with CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
He said, “There has to be much larger support to come from the government on subsidy figures.” However, he added that looking at the current numbers, the oil marketing companies may not show positive results.

DEEPAK KUMAR
PGDM 2ND SEM