Share profits from low crude oil prices with people amid COVID-19 lockdown: Cong to govt

Image
Press Trust of India New Delhi
Last Updated : Apr 06 2020 | 2:46 PM IST

The Congress accused the government on Monday of indulging in profiteering from low crude oil prices when the country is in the grip of coronavirus pandemic, and stressed that it is time to care for the people and "share a part of the Rs 20 lakh crore profit".

The need of the hour and immediate necessity is to share a part of this profit made by the government in the last six years, Congress spokesperson Abhishek Singhvi said.

He said it is time to reduce taxes or give it back in some other form to farmers, labourers and common people suffering amid lockdown due to COVID-19 and due to the country's economic downturn.

"It is not a time for profiteering, it is a time for the government to do profit sharing and do some sharing and caring. This is the need of the hour and the immediate necessity," he said at a press conference addressed through video conferencing.

Singhvi also alleged that the Centre has made a profit of around Rs 20 lakh crore in the last six years.

"Our question today to you is, why are you not passing on a fraction of these humongous gains," he posed, adding, "The BJP needs to realise that it has to stop solo profiteering; instead of stealing touch it has to give a healing touch"
Lives are most important, followed by livelihood, the Congress leader said

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 06 2020 | 2:46 PM IST

Next Story