Tweet

Rishi Bagree

7 Sep, 8 tweets, 3 min read

There was hardly a need to file an RTI about this. Govt has been very transparent about the oil bonds repayment. While he is only looking at principal payments, he has forgotten the interest: about Rs 70,000 crore was paid as interest between 2014-21.
theweek.in/news/biz-tech/…

The Rs 1.3 lakh crore of oil bonds the Modi Govt inherited has to be paid back on an annual schedule till 2025-26. Over and above this, the govt has to also pay Rs 37,340 crore as interest over this period. Taken together, the govt has to repay nearly Rs 2.4 lakh crore.

To say taxes are more than enough to pay for oil bonds means he does not understand govt finances at all. Oil bond payments place a burden on govt finances when it has to increase spending on essentials like free food & free vaccines worth Rs 3 lakh cr
financialexpress.com/economy/free-g…

It is interesting and also unfortunate to note that Mr Saket Gokhale, in his zeal to find something wrong with this govt's data (and there is nothing wrong), has given the UPA a free pass for the deceit they did by issuing oil bonds.
aninews.in/news/national/…

Food subsidy budget

2013-14 ₹ 120,000 crores
2021-22 ₹ 4,22,000 crores

Modi Govt is giving almost 3.5x more Food subsidy than the UPA govt.

Annual Cost of NEW Welfare Schemes by Modi govt which were not there before 2014 :

₹7,500 Cr - OROP
₹8,100 Cr - Ayushman Bharat
₹3,22,000 Cr - Additional Food Subsidy
₹65,000 Cr - PM Kisan
₹60,000 Cr - Swachh Bharat Mission

₹4,62,600 - Total ANNUAL Exp. on NEW Welfare Sch

Manmohan Singh left the unpaid bill in form of Oil bonds to be paid by the Future generations whereas PM Modi created surplus from the same petrol to build World Class Infra for the Nation and gave Free Food, Free Medical, Free Housing & Financial security to the under privileged

Rs 3 Lakh cr Food Subsidy. Free food grains to 80 cr ppl.

50 crore ppl are now covered under Ayushman Bharat.
2 Cr ppl got free Hospitalisation benefit under it.

12 Cr Farmers get Rs 6000 pa, directly in their bank

3 cr free homes

15 Lakh cr worth of Roads were constructed.

• • •

Missing some Tweet in this thread? You can try to force a refresh

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @rishibagree

Rishi Bagree

@rishibagree

13 Sep

During UPA time Praful Patel gifted all Air India's profitable routes to Emirates. And to make things worse then PM Manmohan Singh forced them to buy 68 planes instead of 28 taking huge debt, without any revenue plan.

Today Air India has Rs 77000+ crore accumulated losses

Modi govt spent Rs 30000 crores in last 7 years on Air India just to service the huge debt left by UPA.
If Air India gets privatised the loses will also get privatised and the money can be used for welfare activities like healthcare and education.

2013 Article : How Air India was destroyed by UPA govt ?

moneylife.in/article/how-ai…

Read 4 tweets

Rishi Bagree

@rishibagree

5 Aug

With 'The Taxation Laws (Amendment) Bill, 2021", Govt buried the ghost of retrospective taxation.

Amends Income Tax act, retro tax demand nullified.

Much needed step. Will boost industry confidence.
Modi govt still correcting the mistakes of the UPA govt.

This was a much needed step needed to restore confidence among foreign companies investing in India. Retro tax goes against the basic principle of fairness and violates all bilateral and multilateral trade treaties

In most of the cases India has lost arbitration cases in international courts. And they were on verge of seizing and overseas Indian assets to recover their dues.

Read 4 tweets

Rishi Bagree

@rishibagree

17 Jun

This is new AIIMS Nagpur complex

Announced in 2014
Established in 2018

AIIMS Nagpur played a very significant role in tackling the second wave of #COVID19 in the region

This is new AIIMS Vijaypur Complex in Jammu and Kashmir.

The foundation stone of this institute was laid by PM Narendra Modi in February 2019.

AIIMS Rae Bareli :
Approved in 2009, the project was delayed over land acquisition which finally took place in 2013.
The Yogi Govt expedited work on the project in 2018.
The residential + OPD blocks have been completed and the medical college is on the verge of completion.

Read 12 tweets

Rishi Bagree

@rishibagree

22 May

New Parliament Building Cost

UPA Govt - Rs 3000 Crores
Modi Govt - Rs 861 Crores

-----------------------------------
New Parliament Building Built up Area

UPA Govt - 30000 sq ft
Modi Govt - 65000 sq ft

A saving of Rs 2100 crores and addition of 35000sq ft area

https://twitter.com/TOIIndiaNews/status/223799011864350720

The plan for new parliament was already in place in 2012 when congress was in power. Today they are objecting to it as they are not getting Rs 2100 Cr Commission.

Here is the 2012 news article/tweet