Thread by @jamewils

This is the new spin...

Please go through archives and what Late Jaitely told when he first increased the excise duty in Modi 1 Government.

Also new agricultural cess is for paying off interests of oil bonds?

Please do some basic journalism ..

https://twitter.com/_pallavighosh/status/1427238729005953030

Understand that Government introduced/increased cess for denying State's eligible share.

Look at how ₹32.90 divided

Cess

Road & infrastructure cess - ₹18/lit
Agri infra/development cess - ₹2.50/lit

Surcharge

Special Addl Excise Duty - ₹11/lit

Basic Excise - ₹1.40/l

All states together will get a share only 41% of ₹1.40/l from each litre of petrol.

While Union takes away ₹31.50/l as cess & surcharges and ₹0.83/l, ie, 59% of ₹1.40/l collected as BED.

So they get ₹32.33/l from ₹32.90/l collected!

Will FM publish a white paper?

Of course, there are oil bonds. Not only oil bonds, Govt of India issues many bonds & they have to pay interests and repay the loans!

But how much money collected as excise duty in last 7 years & how much fraction of it needed to repay the oil bonds?

This Government believes that they can brazen out any genuine demand by telling blatant lies and deflection techniques!

And completely rely on the propaganda power of IT cell to spin anything w/o any regards to the facts & truth.

Spin is a state policy!