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Govt makes largest-ever payment for slashing oil bond dues

Total interest outgo to top Rs 1.6 trn, against bonds of Rs 1.44 trn since FY10

Topics
Excise Duty | Tax Collection

Twesh Mishra  |  New Delhi 



oil, crude
Oil bonds amounting to Rs 1.3 trillion were outstanding till March 31

The Centre’s tax collections this year have come in handy for making roughly Rs 20,000-crore payments against oil bond dues and interest. This will lower the Centre’s interest outgo on over the coming years and is the largest payment that has been made to date in any fiscal year for this purpose.

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First Published: Sun, December 05 2021. 18:47 IST

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