Oil Bonds
The Centre has argued that it cannot reduce taxes on petrol and diesel as it has to bear the burden of payments in lieu of oil bonds issued by the previous UPA government to subsidise fuel prices.
Oil Bonds
- Oil bonds are issued by the government to compensate oil marketing companies (OMCs) to offset losses that they suffer to shield consumers from rising crude oil prices.
- The government issued these bonds.
Reasons for Issuing Oil Bonds
- These bonds were issued to OMCs in lieu of cash at a time when the central government used to administer or fix petrol and ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Indian Agriculture: Initiatives & Achievements
- 2 Anti-dumping Duties
- 3 Framework for Rating of Properties for Digital Connectivity
- 4 SEBI Launches Securities Market Hackathon
- 5 Financial Conditions Index (FCI)
- 6 BSE Insurance Index
- 7 e-National Agriculture Market (e-NAM)
- 8 Maharashtra Grants Agricultural Status to Livestock & Poultry Farming
- 9 Multi Commodity Exchange Clearing Corporation Limited (MCXCCL)
- 10 IRDAI Forms Investigation Panels to Probe Regulatory Breaches
