Committee headed by Survey of
India has told SC that the OMC owned by Karnataka ministers and mining
magnates Reddy brothers has violated norms by extending its
mining activities beyond the lease area.
State-run retailers IOC, BPCL and HPCL may lose about Rs 45,000 crore on selling auto and cooking fuels below cost this fiscal, two-third of which will be compensated by the government by issuing bonds.