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KG Basin deal : Murky valuation of Gas prices & Production costs

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Former principal advisor (energy) to the Planning Commission, Surya Sethi comments on the recent CAG draft report on the Production Sharing Contract ...

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Krishna-Godavari KG Basin KG Scam Energy Gas Reliance Surya Sethi Newsclick bowl lagoon pan pool pot tub valley watershed bay concavity depression dip ewer gulf hole hollow sag sink sinkhole vessel washbasin washbowl sinkage increase rise solid anchorage arm basin bayou bight cove estuary fiord firth harbor inlet loch mouth narrows sound strait boat casserole crock deep dish dish porringer saucer tureen urn cavities armpit atrium bursa caries chamber crater decay dent gap pit pocket sinus socket vacuity void closure mountain bulge cavity dimple excavation impression indentation scoop vacuum convexity recovery hopefulness protuberance surge hope happiness encouragement cheerfulness fullness declivity descent downslide downswing downtrend drop fall fall-off inclination incline lowering pitch slip slope slump ascent Basin Basin' accord arrangement compromise contract pact pledge transaction buy conception prearrangement understanding denial disagreement dissension refusal misunderstanding abundance extent degree plethora superabundance portion plenty shake distribution quantity want need few scarcity little lack opportunity game appointment chance round hand cut and shuffle fresh start sell handle negotiate trade treat barter dicker bargain traffic swap bicker stock buy and sell hammer out deal horse trade knock down price work out deal keep hold agree refuse deny participate give drop divide render share disburse administer disperse inflict measure disseminate divvy impart strike dispense partake deliver bestow apportion partition allot reward assign dish out dole out hand out come across with fork out fork over mete out take retain join gather collect attach withhold conceal unite combine 10-4 accordance concert concord concurrence conformity congruence correspondence deal good vibes good vibrations harmony okay rapport reconciliation sympathy treaty unanimity opposition difference antagonism discord disunity action activity agility alacrity alertness animation bag ballgame big idea bit business bustle commotion dash energy enterprise flurry force functioning going happening haste hoopla hopper in the works industry life liveliness motion movement occupation operation plan power process proposition racket reaction response rush scene spirit stir stunt trip turmoil vigor vim vitality vivacity rest unemployment yielding peace slowness dullness question stoppage inertia cessation indolence stiffness weakness stillness repose quiet calmness calm surrender apathy lethargy laziness inaction inactivity idleness apply authorize bring contribute distribute execute extend furnish impose issue measure out offer perform proffer provide regulate serve supply tender neglect mismanage withdraw maintain fail frustrate forego shun take back hoard refrain administered administering agreement acknowledgment adjudication affidavit approval assent avowal bond cartel charter codicil compact confirmation covenant indenture lease negotiation note oath piece of paper protocol recognition settlement stipulation the nod writ ignorance veto rejection Deal deals cloudy dark dim dirty dismal dreary foggy fuzzy misty muddy nebulous stormy black caliginous cheerless darkened dingy drab dull dun dusk dusky filthy foul glowering gray grubby impenetrable lowering mucky nasty nubilous overcast roily sad smoky somber squalid tenebrous turbid unclean apparent bright brilliant cheerful clean clear distinct good happy hopeful light moral plain pleasant luminous sparkling unobscured atramentous brunet charcoal clouded coal ebon ebony inklike jet livid melanoid murky obsidian onyx piceous pitch pitch-dark raven sable shadowy slate sloe sombre sooty starless stygian swart swarthy optimistic white gloomy obscure blurred confused dense emulsified heavy indefinite indistinct leaden mushy nontranslucent nontransparent not clear opaque sullen sunless vaporous sunny smart lucid cloudless vivacious encouraging intelligent cryptic Delphian Delphic abstruse ambiguous apocryphal arcane cabalistic enigmatic equivocal esoteric evasive hidden incomprehensible inexplicable mysterious mystic mystical mystifying occult oracular perplexing puzzling recondite secretive strange unclear unfathomable uninformative vague veiled straightforward seen normal common sure certain definite obvious known aphotic blackish cimmerian crepuscular faint grimy ill-lighted inky lightless lurid obfuscous pitch-black pitchy rayless shaded shady unlighted unlit shining radiant pleased manifest evident vivid visible illuminated joyful darker Murky assessment cost estimate estimation worth appraisement appraisal evaluation opinion pricing rating reckoning stock survey valuation assay appreciation admiration aesthetic sense affection attraction awareness cognizance commendation comprehension enjoyment esteem grasp high regard knowledge liking love perception realization recognition regard relish respect responsivenesss sensibility sensitiveness sensitivity sympathy understanding neglect criticism misunderstanding insensitivity loss depreciation decrease disregard disparagement dishonor disdain ignorance hatred hate dislike disapproval examination inspection investigation measurement test trial charge demand duty fee levy rate tariff tax taxation toll assessments smoke vapor effluvium fumes miasma stream volatile substance liquid solid anaesthetics analgesic anodyne dope gas hypnotic inhalant narcotic opiate pain-killer shot soporific spinal anesthetic general anesthetic hypnosis local anesthetic analeptic stimulant anesthetics big talk boasting bragging exaggeration fancy talk fine talk fish story hogwash hot air self-aggrandizing tall story tall talk chat babble bull session chatter conversation converse gab gossip heart-to-heart jabber palaver prattle rap rap session tête-à-tête visit yak quiet silence Gas GAS amount bill cost demand discount estimate expenditure expense fare fee figure output pay payment premium rate return tariff valuation worth appraisal assessment barter bounty ceiling charge compensation consideration damage disbursement dues exaction hire outlay prize quotation ransom reckoning retail reward score sticker tab ticket toll tune wages wholesale appraisement asking price face value penalty punishment cause sacrifice fix reduce value appraise evaluate mark down mark up put a price on construction management manufacture manufacturing assembly bearing blossoming creation direction elongation fabrication formulation fructification generation giving making origination preparation presentation prolongation protraction provision rendering reproduction return staging yielding authoring engendering extention producing destruction taking ruin accomplishment ability achievement act art attainment bringing about capability carrying out completion conclusion consummation coup deed effecting effort execution exploit feat finish fulfillment performance production proficiency realization skill stroke talent triumph defeat unfulfillment start beginning failure impotence nullification frustration loss introduction commencement forfeit idleness incompetence ignorance weakness incapacity inability accomplishments acquirement acquisition actualization conquest contrivance effectuation enactment encompassment hit masterpiece success tour de force victory neglect negligence misfortune miscue injury achievements continuation assiduity augmenting continuance continuing continuity duration endurance enduring extension furtherance going on increase increasing line maintaining perpetuating perpetuation persisting postscript preservation preserving prolonging propagation sequel succession supplement sustaining sustenance tenacity stop end termination halt cessation stoppage brainchild concept handiwork magnum opus opus piece pièce de résistance work work of genius death Production amount charge damage expenditure figure outlay payment price price tag rate tariff value worth bite disbursement dues line nick nut score setback squeeze tab ticket toll arm and a leg bad news bottom dollar bottom line top dollar repayment retribution loss expense harm forfeiture deprivation hurt suffering detriment injury forfeit help good blessing benefit gain assistance health aid advantage require yield bring in take rap set back sell for come to amount to be asked be demanded be given be marked at be needed be paid be priced at be received be valued at be worth mount up move back sell at to the tune of lose reject refuse disallow expect infuriate obligate necessitate do disservice to expenses cost of living costs damages overhead per diem reparations financing funding loan matching funds outgo upkeep budget conservation keep preservation repair running subsistence support sustenance sustentation neglect negligence destruction blackmail deceit deception extortion fraud hoax racket rip-off shakedown sham cheating con double-dealing flimflam hosing hustle sting con game crooked deal dirty pool double-cross fast one shady deal shell game snow job sucker game frankness honesty openness truth truthfulness uprightness artifice contrivance device dodge expedient gambit gimmick machination maneuver play ploy ruse savvy scam stratagem subterfuge tactic wile artlessness innocence ingenuousness honor simplicity incapacity inability sincerity reality candor beguile betray bluff burn cheat chisel deceive delude dupe entice exploit finesse gyp have hoodwink impose on jockey juggle lure manipulate mislead play for a sucker rook rope in seduce shave snow stick string along suck in take take in trick offer give repulse disenchant turn off refuse beguiled beguiles beguiling bamboozle beat bilk bleed bunco caboodle cozen crib cross defraud diddle do a number on double-deal fast talk finagle fleece fudge give bum steer gouge hose jerk around milk ream rip off sandbag screw shaft short shuck skin stiff sucker swindle take for a ride take out trim two-time victimize fail lose help assist aid protect Scam efficiency intensity power spirit stamina strength toughness vitality activity animation application ardor birr dash drive effectiveness efficacy endurance enterprise exertion fire force forcefulness fortitude get-up-and-go hardihood initiative juice life liveliness might moxie muscle pep pizzazz pluck potency puissance punch spontaneity steam tuck vehemence verve vim virility vivacity zeal zest zing zip operativeness élan apathy impotence inability incompetence inefficiency lack laziness lethargy weakness cowardice dispiritedness dullness idleness inactivity indifference indolence ineffectiveness lifelessness powerlessness uselessness tiredness service electricity heat potential reaction pressure burn gravity friction current magnetism response dynamism rays wattage horsepower radioactivity voltage kilowatts conductivity peace question action agility alacrity alertness bag ballgame big idea bit business bustle commotion deal energy flurry functioning game going happening haste hoopla hopper in the works industry motion movement occupation operation plan process proposition racket rush scene stir stunt trip turmoil vigor rest unemployment yielding harmony slowness stoppage inertia cessation stiffness stillness repose quiet calmness calm surrender inaction ambition appetite aspiration avidity craving desire eagerness earnestness emulation enthusiasm fire in belly get up and go hankering hope hunger itch keenness longing love lust passion pretension push right stuff striving thirst yearning disinterest satisfaction humility diffidence contentment pessimism repulsion hatred hate distaste dislike disgust aversion ambitions animal spirits bounce exuberance frolicsomeness nervous spirits sportiveness spriteliness brio briskness buoyancy ebullience elation esprit excitement exhilaration fervor gaiety high spirits oomph sparkle sprightliness vibrancy zap discouragement depression unhappiness coldness coolness enervation sadness bound elasticity give rebound recoil resilience springiness ENERGY dependence assurance belief credence credit faith hope interdependence interdependency stock trust disbelief distrust doubt misgiving independence acceptance admission assent assumption avowal axiom certainty conclusion confidence conjecture conviction deduction divination expectation fancy feeling guess hypothesis idea impression intuition judgment knowledge mind mindset notion opinion persuasion position postulation presumption presupposition profession reliance supposition surmise suspicion theorem theory thesis thinking understanding view nonbelief confusion truth calculation proof fact disagreement uncertainty ambiguity measurement physicality ignorance reality beliefs store sure bet apprehension fear confidences assuredness certitude condemnation condemning determining guilt earnestness fall fervor firmness rap sureness surety unfavorable verdict convictions Reliance Surya surya sethi Sethis
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