The Petroleum Minister has pronounced that these two companies are not at war and that they should merge. In other words, according to the Minister, ONGC should launch a ‘surgical strike’ on GSPC, except in this case it will be to help GSPC out of its woes and be executed covertly. To get out of this mess, Mr.Pradhan has a creative solution: palm GSPC off to another cash-rich public sector company. This is the ‘surgical strike’ proposed by the Petroleum Minister — ONGC should buy GSPC because they are not India and Pakistan! It is a cleverly orchestrated scheme of raising thousands of crores for spurious purposes of its masters under the guise of a bold business bet by a public sector company.

Source: The Hindu October 23, 2016 18:45 UTC