Breaking Petrol price down by Rs 10 in 6 weeks, diesel by Rs 8

[M.J.Sadiq]

If u want i can share, but i dont want forum to be under any problems in the future by sharing outside sources news

Share it with team or admin. Let us (the team) or Admin confirm if it is okay to publish it publicly.

 

[abhi1276]

Oh common guys please stop it everybody Today is Diwali why we are fighting for nothing to gain.....enjoy the festival.....

 

[Viki]

Did the NDA government repay Rs 1.4 lakh crore-worth of oil bonds?

The UPA government issued bonds valued at Rs 1.44 lakh crore between 2005 and 2010. However, only two bonds worth Rs 1,750 crore each matured during the tenure of the NDA government. This implies that the government has only repaid Rs 3,500 crore. The next payment will be due in October 2021. No new bonds were issued hence.

Source : Fact Check: How much did the Modi Government pay for the UPA era oil bonds? - FACTLY

 

[Viki]

It is from the Govt is budget document. As per this document, only bond ₹ 3500 crore matured in last 4 years.

 

[Digital Mastermind]

Share it with team or admin. Let us (the team) or Admin confirm if it is okay to publish it publicly.

Fact Check: How Much Did The Modi Government Pay For The Upa Era Oil Bonds?

On the other hand, the current NDA government paid a total of Rs 40,225 crore in the 4 year period between 2014-15 and 2017-18. They have also budgeted an interest payment of Rs 9989.96 crore in 2018-19.

The interest payments for the last 4 years also clearly indicate that there was no change in the outstanding amount, hence no repayments in the last four years except in 2015. Though it is true that the Modi government paid an interest of over Rs 40,000 crore in the last 4 years, the UPA-2 had also paid similar if not a greater amount of interest during their term.

Claim: Modi Govt paid Interest Rs 40000 cr on oil bonds

Fact: The Modi Govt paid Rs 40225 cr interest on oil bonds and hence this claim is TRUE

 

[Viki]

Fact Check: How Much Did The Modi Government Pay For The Upa Era Oil Bonds?

On the other hand, the current NDA government paid a total of Rs 40,225 crore in the 4 year period between 2014-15 and 2017-18. They have also budgeted an interest payment of Rs 9989.96 crore in 2018-19.

The interest payments for the last 4 years also clearly indicate that there was no change in the outstanding amount, hence no repayments in the last four years except in 2015. Though it is true that the Modi government paid an interest of over Rs 40,000 crore in the last 4 years, the UPA-2 had also paid similar if not a greater amount of interest during their term.

Claim: Modi Govt paid Interest Rs 40000 cr on oil bonds

Fact: The Modi Govt paid Rs 40225 cr interest on oil bonds and hence this claim is TRUE

In that case UPA paid Rs 53165 cr interest between 2009-2013 (5 years) without increasing the tax.

 

[Jas]

Fact Check: How Much Did The Modi Government Pay For The Upa Era Oil Bonds?

On the other hand, the current NDA government paid a total of Rs 40,225 crore in the 4 year period between 2014-15 and 2017-18. They have also budgeted an interest payment of Rs 9989.96 crore in 2018-19.

The interest payments for the last 4 years also clearly indicate that there was no change in the outstanding amount, hence no repayments in the last four years except in 2015. Though it is true that the Modi government paid an interest of over Rs 40,000 crore in the last 4 years, the UPA-2 had also paid similar if not a greater amount of interest during their term.

Claim: Modi Govt paid Interest Rs 40000 cr on oil bonds

Fact: The Modi Govt paid Rs 40225 cr interest on oil bonds and hence this claim is TRUE

Excerpts are from the article share by you.
" In effect, the Modi government repaid only Rs 3,500 crore worth of oil bonds which matured in the year 2015"
"The interest liability increased substantially during the UPA-1 because of the issue of multiple oil bonds. The UPA-2 paid a total of Rs 53,163 crore in interest for oil bonds in the 5-year of the period between 2009-10 and 2013-14. On the other hand, the current NDA government paid a total of Rs 40,225 crore in the 4 year period between 2014-15 and 2017-
Fact Check: How Much Did The Modi Government Pay For The Upa Era Oil Bonds?

 

[Bishnu15]

Modi is a complete failure in all aspects. Why don't you admit that @Anish Pai bro ?

 

[Viki]

Claim: Modi Govt paid Interest Rs 40000 cr on oil bonds

Fact: The Modi Govt paid Rs 40225 cr interest on oil bonds and hence this claim is TRUE

The source you have given says

Claim: Modi government paid Interest Rs 40,000 crore on oil bonds.

Fact: The Modi government paid Rs 40,225 crore interest on oil bonds. Hence this claim is TRUE. But , it has to be noted that even UPA government paid such interest and in fact a greater amount than the current government.

Why did you decide to cut this part? from the source??

"But , it has to be noted that even UPA government paid such interest and in fact a greater amount than the current government."

 

[Digital Mastermind]

This is my last reply here in this thread.

U guys hijacked my thread. So that means no good news should be shared here and u handful of people will take the thread offtopic.

Thanks a lot guys for taking this thread, some people putting abusive words also, shows how intolerant u guys are and its a lesson for me as well to no post anything good of what the govt does.