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In this issue

In the July issue, Krishn Kaushik lays bare the malaise afflicting ONGC—India’s state-owned oil and gas corporation. Today, the behemoth is the country’s largest enterprise in terms of revenue, and by far India’s most pofitable public-sector undertaking. Yet these numbers hide the steady erosion of the company’s capacity to find and exploit new oil and gas fields, to the direct benefit of its greatest rival, Reliance Industries Limited. From its inception in 1956 and successes in pre-liberalisation India, today the company is racked with cronyism and corruption as private intrests try to harvest their share of the corporation’s wealth. Can ONGC continue to fulfil its existential mission of fuelling the country’s economy? Also in this issue: The changing face of Balochistan’s insurgency; The Rajya Sabha’s potential challenge to Narendra Modi; Sinhala extremism turns against Sri Lanka’s Muslims; A treasury of Indian archival film; and more.

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