Policy victim
New Delhi   28-Feb-2011

IndianOil seems to be at the receiving end of the government's policy ad hocism. It does not know how much under-recoveries it will have to bear as the government's policy on sharing the petroleum subsidy burden remains unclear. Meanwhile, another type of ad hocism­absence of a regular chairman­has come to haunt IOC. The company remains virtually headless ever since Sarthak Behuria retired early last year.