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What are Oil Bonds?

  Aug 30, 2021

What are Oil Bonds?

What are Oil Bonds?

Q. What is the news?
A. 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 subsidize fuel prices.

Q. What are Oil Bonds?

A.

Q. Why do governments issue such bonds?

A.

Q. Why are the Oil Bonds in news?

A.

Q. What budget documents show?

A.

Q. Is the issuance of such special securities restricted to the UPA era?

A.