Cairn deal referred to GoM a disappointment: RS Sharma

The former chairman of ONGC, RS Sharma, in an interview on CNBC-TV18 gave his take on the latest coming out of the Cairn-Vedanta deal.

Below is a verbatim transcript of his interview with CNBC-TV18's Shereen Bhan. For complete details watch the accompanying video. Q: Are you surprised at all by the fact that this matter has now been referred to a group of ministers headed by the finance minister? A: I thought some decisions should have been taken. These are all contractual disputes of any which can get settled in the course of time. I was hoping on that basis the coming decision would be to allow it to go through. But I am not in a position to comment on what transpired in that discussion. Q: Do you think the finance minister and his group of ministers will have to look into this issue of royalty being cost recoverable or not? A: This is a contractual dispute and I know that, it