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Centre sitting on Rs 25 lakh cr fuel tax; petroleum price to dominate Parliament session: Congress

Stating that the problem of inflation and the rise in gasoline costs will dominate the Parliament session starting July 19, senior Congress chief Mallikarjun Kharge on Monday alleged the Centre had collected Rs 25 lakh crore by way of fuel tax however it’s neither utilizing this fund for the welfare of individuals nor giving it to state governments.

Addressing a press convention in Mumbai, the Chief of Opposition within the Rajya Sabha mentioned the Narendra Modi authorities had made the lives of unusual individuals “depressing” within the final seven years.

”Costs of gasoline, LPG, edible oil are at an all-time excessive. The Centre has collected Rs 25 lakh crore as tax on gasoline however it’s not getting used for individuals’s welfare or being given to state governments,” Kharge alleged.

He mentioned the Modi authorities had raised costs of gasoline “326 instances together with 38 instances within the final two months”.

“The Central tax on gasoline throughout the UPA rule was Rs 9.48 (per litre) which is now Rs 32.90 (per litre). Throughout the tenure of the UPA, the speed of crude oil was Rs 111 per barrel and the petrol price was Rs 71 (per litre). Opposite to this, when the speed of crude oil is 44 USD per barrel the worth of petrol is Rs 107 per litre now,” he mentioned.

He mentioned whereas the Union authorities has “collected Rs 25 lakh crore within the gasoline tax” and the speed of LPG cylinder has reached Rs 834 the subsidy has additionally been withdrawn.

“The prime minister had mentioned direct profit switch (DBT) would guarantee financial savings of Rs 15,000 crore, which implies the federal government has saved nearly Rs one lakh crore this manner. However the Modi authorities will not be utilizing this cash for the welfare of individuals and in addition not offering it to state governments,” Kharge mentioned.

He mentioned Congress chief Rahul Gandhi had instructed that Rs 6,000 be transferred in financial institution accounts of the poor, however that concept was rubbished.

“Throughout the UPA rule, 27.1 per cent individuals have been lifted above the under poverty line whereas 23 crore individuals have been under the poverty line (BPL) as of final yr. Because of the incorrect insurance policies of the Modi authorities, the revenue of 97 per cent of households had decreased,” Kharge mentioned.

He mentioned 1.33 lakh individuals misplaced their jobs throughout the COVID-19 pandemic whereas the per capita revenue fell by Rs 10,000 and GDP dipped by 9 to10 per cent.

Kharge mentioned Maharashtra is but to obtain Rs 32,000 crore in GST refund from the Centre.

The Congress is without doubt one of the ruling constituents within the Maha Vikas Aghadi authorities comprising the Shiv Sena and the NCP.

https://economictimes.indiatimes.com/information/politics-and-nation/centre-sitting-on-rs-25-lakh-cr-fuel-tax-petroleum-price-to-dominate-parliament-session-congress/articleshow/84353882.cms

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