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‘ONGC likely to be debt-free firm by year-end’

DNMUM442703 | 9/10/2019 | Author : Swati Khandelwal | WC :481

Q&A with Shashi Shankar, Chairman & Managing Director, ONGC
Zee Media Newsroom

About 50% of ONGC’s capital expenditure goes into drilling activity, of which 28% goes into development drilling and the remaining 22% is used for exploratory drilling, says Shashi Shanker, its chairman & managing director. During an interview with Swati Khandelwal, Shankar said, “Large investments are needed to increase the production of fields, which are 30-50 years old now”.

Crude is hovering around $60/barrel. Do you think that subsidy burden concerns have come to an end by now?
Subsidy has now become a part of history. We never offered any kind of subsidy in fiscal 2018 or 2019. Whatever little subsidy is given on LPG or kerosene is passed on directly with the help of benefit transfer. So a
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Know these waiting periods in your health insurance plan
DNMUM443362 | 9/23/2019 12:00:00 AM | Author : Abeer Ray | WC :905

Irrespective of how much you earn or save, the uncertainty of life can take a toll on your happiness. What happens if you are suddenly hospitalised for treating a disease or an injury and must pay medical bills from your hard-earned money? It is hard
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Focus on death, disease and disability while buying term insurance plan
DNMUM443363 | 9/23/2019 12:00:00 AM | Author : Anil Kumar Singh | WC :766

A recent survey on uncertainties amongst people highlighted that 84% Indians feel life is extremely uncertain. Among the reasons for uncertainty, ‘financial security of family in case of something happens to self’ remained the topmost cause, followed
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D-St bullish, but expect some cooling off
DNMUM443367 | 9/23/2019 12:00:00 AM | Author : Soumonty Kanungo | WC :321

Mumbai: After witnessing a massive rally on Friday post the government’s announcement to cut the corporate tax rate, analysts feel the upsurge may not sustain and equity markets could see some cooling off in the current week.
Key equity benchmark
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Economic recovery seen by March quarter on reforms
DNMUM443368 | 9/23/2019 12:00:00 AM | Author : Anjul Tomar | WC :399

New Delhi: Fiscal measures taken by the government are likely to boost investment in the long run and increase consumption demand during the festive season.
However, due to the lack of steps to stimulate demand, an economic recovery is expected
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