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Posts tagged as “Oil bonds”

Oil bonds in India: Facts and fiction

In this investigative article, see how our featured columnist Tharun Thatikonda debunks the claim of BJP that it paid an unpaid bill of Oil bonds worth Rs. 1.3 lakh Crore . An investigation into the budget reports clearly show that NDA government paid only Rs. 43,725 Crore. (Repayment: Rs. 3,500 Crore and Interest payment: Rs. 40,225 Crore). Also, this payment amounts to only 6% of the total excise duty (a whopping amount of Rs. 7,49,485 Crore) collected by Government of India during the NDA tenure.