Modi Govt Drowns ONGC In Debt To Save Gujarat’s GSPC, Employees Rise Up In Protest


Modi Govt Drowns ONGC In Debt To Save Gujarat’s GSPC, Employees Rise Up In Protest

After ruining the country’s small and medium enterprises through demonetisation and the Goods and Services Tax (GST), the central government is now hell-bent upon destroying Navaratna companies of the country. In order to save the power company owned by Gujarat government, Centre is learnt to have forced the Oil and Natural Gas Corporation (ONGC) to buy a gas block, which did borne no gas even after the state incurring an expenditure of ₹20,000 crore.

Consequently, the ONGC, a Navaratna company, is facing severe economic crisis and the condition has now become so dismal that it is paying off its employees through loan. This situation has arisen due to constant intervention of the central government in the functioning of ONGC over the last four-and-a-half-years. The allegations have been made by ONGC’s employees in a letter written to the Prime Minister by ONGC Employees Mazdoor Sabha. Read more

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