ICRA’s study on impact of falling oil prices on upstream/midstream and downstream sector

Fall in crude oil prices negative for upstream sector especially cos in pvt sector, extremely beneficial for downstream segment and moderate for midstream companies.

ICRA’s study on impact of falling oil prices on upstream/midstream and downstream sector

In response to decline in crude oil and gas prices, most global E&P companies have cut their budgets related to capex and accordingly drilling activity has shown a slowing trend, leading to a decline in the rates for drilling and other oil field services.

Ministry of Coal Shuns CAG’s Observations on E-Auction Of Coal Mines

Ministry of Coal Shuns CAG’s Observations on E-Auction Of Coal Mines

“Either you doubt that the process of auction was rigged, which the CAG has not said in this case”. Ïn any audit, it is mandatory to point out what is right and wrong….CAG has not done that… nowhere in its entire observations has the CAG mentioned that any law has been broken, what procedures have not been followed…and nothing of that sort is mentioned in the report.”

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