The payment is part of a deal signed in 2016 between ONGC Videsh and PDVSA, under which the latter was supposed to pay US$537 million as dividend to the oil PSU
A six-member committee headed by NITI Aayog Vice Chairman Rajiv Kumar has been constituted to look over the matter. The list of members includes ONGC CMD Shashi Shanker
The jet fuel price for domestic airlines in Delhi was cut to Rs 68,050.97 a kilolitre, marking an 11 percent fall from a month earlier
PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.