THE OIL BONANZA, 

WHERE HAS 

ALL THE SAVING GONE

The crude oil prices have just dipped below US$30pb. Compare that to the US$112pb, nearly a quarter of the price that prevailed at the present, 'na khaunga, na khane dunga', 'sabka saath, sab ka vikaas' govt into office.

In 2012-'13, the then govt had to shell out a record Rs897,840 Crores for import of just 144 million tons of crude.

In 2013-'14, the same govt had to pay a record approx Rs851,400 crores for about 180 million tons of crude, making a marginal saving of about Rs46 crores.

In 2014-'15, the present govt had paid only about Rs687,400 crores for import of 189.43 million tons of crude, thus making a saving of Rs164,000 crores.

For 2015-'16, the Govt's estimated import bill for import of about 188 million tons of crude is Rs548,865 crores. If, however, the slide in crude prices to below US$30, (As on date, with projected further slide to US$25-20), is considered, this govt would have saved approx Rs346,400 crores by the end of the current fiscal.

It will thus be seen that by the end of its two years in office, this Govt would have saved approx Rs 510,400 crores. Where has this stupendous amount been gobled-up by the economy managed by the expert 'Munshi'?

And yet the head of this Govt goes around proclaiming that it has to rob the poor to pay less than Rs9000 crores, (A mere 1.7% of the total saving on just the crude import), of the OROP 'demands' of the soldiers! (The poor soldiers have really been begging).

Is it not simply Blasphemous ?

You decide,

my dear Sisters and Brothers of this great Nation called Bharat and try and answer this question -

"Whom would he have robbed, if the crude prices had not crashed to 25% of the May 2014 prices?"