Pvt oil cos brace for Chaturvedi panel report
Record high crude prices have ensured that Indian government run oil firms get close to bankruptcy and now with the demand of a windfall tax levy, they are surely to collapse financially. But as a major private player in the oil sector, Mukesh Ambani is also looking for help from the government. However, the oil ministry says it is helpless, as taxation falls under Finance Ministry's domain.
