FE Editorial : Do a Trai in oil

The director general of hydrocarbons is no stranger to controversy, and one is swirling about at the moment. There s a straight conclusion from this colourful history of DGH upstream oil companies must have a statutory, legislation-backed independent regulator, just as stock markets, telecom, insurance, electricity and pension (when the pension law is passed, as it will hopefully be in the winter session of Parliament) have. DGH is in the same position as DGCA (director general of civil aviation) a pure executive branch creature whose weaknesses are inherent in the very nature of the set-up. The set-up being acutely vulnerable to ...

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