National News Politics
Still paying for oil bonds issued by Congress govt: Nirmala Sitharaman on high fuel prices
Finance Minister Nirmala Sitharaman
Dismissing any possibility of cutting excise duty on petrol and diesel as of now, Finance Minister Nirmala Sitharaman said on Monday that the current government is still paying for the oil bonds issued by the Congress government.
Sitharaman said: “If I had not incurred the UPA’s oil bonds worth over Rs 1. 4 lakh crore, I would have given relief from petroleum prices.” For the uninitiated, to keep fuel prices in check, the United Progressive Alliance (UPA) government under former Prime Minister Manmohan Singh had issued oil bonds – or instruments in lieu of cash subsidy to oil marketing companies – that are up for redemption now.
Sitharaman added: “Our government is paying for the UPA government’s trickery. UPA issued oil bonds for which principal amount is over Rs 1 lakh crore and for the last 7 fiscals, the government has been paying over Rs 9000 crore interest annually.”
Meanwhile, the Congress has denied that oil bond payments are to be blamed for the centre’s claimed inability of giving relief to people. Amitabh Dubey, president of the Delhi chapter of Professionals’ Congress, said that that PM Modi’s government had, in the six-week period between May and June alone, increased fuel prices by Rs 7 per litre.
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Early numbers reveal that the BJP has crossed the halfway mark with over 271 seats in Uttar Pradesh at 12:07 pm thus making its way to retain power for the second straight term in the state. Chief Minister Yogi Adityanath is all set to become the Chief Minister for the second time.
Representational image
An Indian student was killed during shelling in Ukraines Kharkiv on Tuesday morning, Ministry of External Affairs informed in the afternoon. The Ministry tweeted: ?With profound sorrow we confirm that an Indian student lost his life in shelling in Kharkiv this morning. The Ministry is in touch with his family. We convey our deepest condolences to the family.
In Kharkiv, Ukraine’s second largest city, videos showed extensive damage from the Russian military assault. One video showed the city’s largest government building blown up.
While the student is yet to be named by the MEA, sources in the Karnataka state government told The Quint that he had been identified as Naveen Shekhrappa, from Haveri district, Karnataka. The 21-year-old was a student of medicine at Kharkiv National Medical University.
The News Minute reported that Shekhrappa was standing in a queue at a supermarket in Kharkiv to buy food when Russian shelling began.
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