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GAS WARS: CRONY CAPITALISM AND THE AMBANIS by [Thakurta, Paranjoy Guha]
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GAS WARS: CRONY CAPITALISM AND THE AMBANIS Kindle Edition

4.1 out of 5 stars 44 customer reviews

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Language: English

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Product description

Product Description

Prime minister of India Manmohan Singh has been accused of changing ministerial portfolios at the behest of the Reliance group. There have been claims that the group deliberately ‘squatted’ on reserves of natural gas and curtailed production in anticipation of higher prices that are administered by the government, to the detriment of the interests of the country’s people. Spokespersons of the group deny these allegations and contend that gas output from the Krishna-Godavari basin came down on account of unforeseen adverse geological surprises. Sections within the Indian government do not buy these arguments. The Comptroller and Auditor General of India has alleged, among other things, that the contract between the government and Reliance Industries Limited is deeply flawed, thereby encouraging excessive capital expenditure and lowering potential benefits to the exchequer.
With painstaking research, a meticulous perusal of press reports, as well as a few surprising exclusives, Gas Wars highlights cases of crony capitalism that allowed the Reliance group to blatantly exploit loopholes which were consciously retained in the system to benefit it. The book points out how, even when laws and policies appeared fair, rational, and reasonable, the way in which these rules and procedures were framed and implemented by bureaucrats acting at the behest of their political masters exposed the deep nexus between business and politics in India. Even as Gas Wars tells the story of how a corporate conglomerate, in this case the country’s largest, has benefited from the way government policies are structured, it lays bare the alarming facts of a natural disaster waiting to happen due to the ruthless exploitation of the country’s natural resources in order to swell the fortunes of a few. The book also highlights the examples of those within the government establishment who have refused to be intimidated by the rich and the powerful, and who have against all odds valiantly attempted to uphold the interests of the people of India.

About the Author

The Gas Wars was authored by Alam Srinivas and Paranjoy Guha Thakurta. Paranjoy Guha Thakurta is a journalist and a writer, he writes in English, Hindi, and Bengali. Alam Srinivas is a business journalist. Both the authors have numerous other books to their name, that deal primarily with social issues.


Product details

  • Format: Kindle Edition
  • File Size: 8067 KB
  • Publisher: Paranjoy Guha Thakurta (27 March 2014)
  • Sold by: Amazon Asia-Pacific Holdings Private Limited
  • Language: English
  • ASIN: B00JCAR4IK
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Average Customer Review: 4.1 out of 5 stars 44 customer reviews
  • Amazon Bestsellers Rank: #53,626 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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27 June 2014
Format: Paperback|Verified Purchase
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29 June 2014
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