12 C
New Delhi
Monday 9 December 2019
India Repaid over Rs 2 lakh cr on account of...

Repaid over Rs 2 lakh cr on account of oil bonds taken by Cong govt: Pradhan

Pradhan's assertions came as strong retort to the Congress which has been using recent fuel prices hike to attack the Narendra Modi government

Patna: The NDA government has repaid over Rs 2 lakh crore, including Rs 70,000 crore interest, which was taken as a loan through oil bonds by the previous Congress government at the Centre, Union Petroleum & Natural Gas Minister Dharmendra Pradhan said today.

 

Pradhan’s assertions came as a strong rebuttal to the Congress which has been using recent fuel prices hike to attack the Narendra Modi government and has been demanding to reduce excise tax.

The Congress has been claiming that they were also in the government but fuel prices were not so high in 2012, 2013, 2014.

Stating that he was going to reveal the reason why the country is facing such a situation, Pradhan said the “Congress party (government) purchased oil bonds of Rs 1.44 lakh crore that we (NDA govt) inherited. Not only this, we also paid Rs 70,000 crore on interest part alone. In total, we (govt) discharged our responsibility by repaying over Rs 2 lakh crore.”

“They (Congress govt) took loans through oil bonds as they knew that they would not return to power due to the kind of loot (scams) the government was involved in,” Pradhan alleged.

“A father who leaves behind property for his next generations is seen with respect in the society but what one would say about the father who takes loans and turns bankrupt and leaves baggage for his generations to come,” Pradhan said in a veiled attack on the previous government.

The Organisation of Petroleum Exporting Countries (OPEC) has agreed to raise production by one million barrels per day at India’s request, said Pradhan.

Subscribe to our newsletter

You will get all our latest news and articles via email when you subscribe

The email despatches will be non-commercial in nature
Disputes, if any, subject to jurisdiction in New Delhi

Leave a Reply

Opinion

Fire: Uphaar To Mandi, Delhi Remains Incorrigible

After every fire tragedy, it is learnt illegal factories were operating in residential areas also with illegally built hotels, theatres, etc

Taliban-US Talks Bode Ill For India, But Can’t Be Helped

On the one hand, infrastructure projects of India worth crores are at stake; on the other, Pakistan is vying for the day a Taliban-ruled Afghanistan can serve it again as a terror launchpad

India Not Ready For End To Death Penalty

India hardly has an efficient apparatus of governance, but if this is what we have, we must live with the death of a killer by a court order

Trump Drives Democrats And Media Crazy

America can never be the same again, even after Trump leaves the White House,” say many, and you can read that anywhere

Balasaheb Thackeray’s Legacy Up For Grabs

The Uddhav Thackeray-led Shiv Sena has failed to live up to the ideals of Balasaheb, leaving a void that the BJP alone can fill
- Advertisement -

Elsewhere

Factory owner Md Rehan arrested; 29 of 43 bodies identified

The construction units in the factory area did not have a no-objection certificate (NOC) of the fire department

Taliban-US Talks Bode Ill For India, But Can’t Be Helped

On the one hand, infrastructure projects of India worth crores are at stake; on the other, Pakistan is vying for the day a Taliban-ruled Afghanistan can serve it again as a terror launchpad

महिला ने की बेटी को जलाने की कोशिश—किस हद तक जाते हैं एक्टिविस्ट्स

राजीव गोस्वामी का नाम आपने सुना होगा, जिसने मंडल कमीशन के विरोध में ख़ुद को आग लगा ली थी, पर इस महिला एक्टिविस्ट ने उस हद को भी पार कर लिया

India Not Ready For End To Death Penalty

India hardly has an efficient apparatus of governance, but if this is what we have, we must live with the death of a killer by a court order

Vinay Sharma, Nirbhaya case convict, wants mercy plea back

This could be Vinay Sharma's delaying tactic, believe legal experts, as the reason he has cited for the withdrawal of the plea is implausible

You might also likeRELATED
Recommended to you

For fearless journalism

%d bloggers like this: