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No advantage to individuals from oil cash going to government: Congress

Congress, Excise duty, oil products, Lok Sabha, BJP The Congress today implicated the government of not passing on to customers the advantages of revenue it has actually made by treking import tax responsibility on oil items, stating it amassed over Rs 5.5 lakh crore and ought to inform individuals what it has actually done with the

money. (Image: IE) Top News

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The Congress today implicated the government of not passing on to customers the advantages of income it has earned by treking excise task on oil items, stating it garnered over Rs 5.5 lakh crore and must inform individuals what it has actually finished with the loan. Celebration leader Mallikarjun Kharge raised the concern in the Lok Sabha, keeping in mind that the rate of crude was USD 110 per barrel in March 2014, 2 months before the BJP pertained to power, which had come down to USD 40 in June 2016. It was USD 60 yesterday, he stated. He stated fuel and diesel prices were not reduced in line with the falling rate and rather, excise task on diesel was hiked by 386 per cent and on fuel by 126 percent.

“You have actually earned Rs 1.62 lakh crore every year and Rs 5.50 lakh crore in total up until now. No benefit has actually reached the individuals up until now, while the additional earnings has actually gone to public exchequer,” Kharge stated during the Absolutely no Hour. He claimed that the federal government has instead decreased the benefits of welfare schemes, consisting of those indicated for Dalits. “You should tell individuals under which plan this loan has been utilized,” he required of the federal government.

Source

http://www.financialexpress.com/india-news/no-benefit-to-people-from-oil-money-going-to-government-congress/1001559/

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