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    You are at:Home » Govt Repaid Over Rs 2 lakh cr On Account Of Oil Bonds Taken: Pradhan

    Govt Repaid Over Rs 2 lakh cr On Account Of Oil Bonds Taken: Pradhan

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    By Aruna Sharma on June 27, 2018 BUSINESS

    (TH)

    The NDA government repaid over Rs 2 lakh crore, including Rs 70,000 crore interest, which was taken as 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 strong retort to the Congress which has been using recent fuel prices hike to attack the Narendra Modi government. The Congress has been claiming that they were also in the government but fuel prices were not so high in 2012, 2013, 2014. Pradhan was addressing a function organised here by the BJP on the 43rd anniversary of Emergency.

    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.

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    Aruna Sharma

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