Long ago I had done a posting about Asiad games. One of the friends of the government Hindustan Petroleum had ‘bought’ some guest houses in Delhi – one of hem was for Rs. 5 crores. When I asked them why are they not capitalising it, the accountant laughed and said the buildings will house the […]

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Once upon a time long long ago I was part of an organisation which did the statutory audit of Hindustan Petroleum. My contempt for Public Sector Units only grew greater. However the people working in some of these organisations were far, far superior to some of the guys I met in the private sector. However […]

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