December 27, 1975 around Rs 80-85 crores. All this resulted in the setting of norms for ONGC which made for inefficiency and bred demoralisation. In these circumstances, the so-called world oil crisis came as a severe jolt to the country. It also pushed the government and the ONGC leadership to step up oil exploration and production efforts. The results of this are already visible.
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.