Thursday, July 30, 2009

NATIONALISE GAS BUSINESS

The dispute between Ambani brothers has taken an ugly turn which does not augur well for the country in general and for the corporate world in particular. The brothers are not interested in supplying the gas at competitive rates to the public and other users. They want maximum profit from the gas production and distribution business. They openly talk of greediness, corruption, favoritism and manipulation of records pertaining to the vexed gas business. One does not know what happened to corporate governance and business ethics they were talking about all these days. The government should nationalize the gas business pertaining to Ambani brothers in the larger national interest.

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