business

RS Sharma warns subsidy burden may dampen market mood

RS Sharma, former chairman of ONGC, in an exclusive interview CNBC-TV-18's Udayan Mukherjee and Mitali Mukherjee, said that the downstream fuel retailers are under a lot of stress. “The higher upstream subsidy burden will not be well received by the market,” he added.

first published: May 18, 2011 11:53 am

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