November 18, 2015
Crude Oil Windfall But Still Govt. Imposes More Taxes
PPAC had in July projected a saving of over $24 billion, or Rs 1.5 lakh crore (at $65/barrel and dollar exchange rate of Rs 62), in the import bill for 2015-16. The final numbers could be higher.
To put the sum in perspective, the savings will be enough to cover the Centre's school education, health, women and child development budgets and pay for the rural jobs scheme. There could perhaps be still some money left at final count.
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