When the Finance Minister of the country is spreading lies and falsehood, it exposes the real face of the government at the helm of affairs. While supporting the Corporate sector and their crony capitalist friends over the last 7 years, the BJP Government has almost killed the common people by passing the tax burden on to them.

It’s an irony that this Government has reduced the Corporate Tax, offering benefits to rich and super rich and at the same time, it increased the excise duty on petroleum products, making the life of common people miserable.

When it comes to reducing the taxes to pass some relief to the ordinary citizens, they seek to blame the Congress-led UPA Government in the past and offer lame excuses to hide behind their failure. It boasts about “FIRST” always. Yes, it’s the first Government in the history of Independent India that has blatantly supported and benefited the Corporate and Rich at the cost of the poor and middle class.

Let’s expose the lies of BJP Government and Niramal Sitharaman, the Finance Minister:

? Oil Bonds in UPA Era not responsible for hike in Fuel Prices.

? Oil Bonds were first issued during Vajpayee Era in 2002.

? Oil Bonds issued by UPA Government – Rs 1.44 lakh crore

? BJP Govt spent Rs 73,440 Crore on Servicing of Oil Bonds since 2014-15.

? But, it collected Rs 22.34 lakh crore through taxes on petroleum products.

? Spending on Oil Bonds is just 3.2% of the total tax collection from petro products.

? BJP Govt has given benefits to Corporates by lowering the tax rate. That’s one of the reasons behind rising fuel prices.

? BJP Govt has increased the Excise Duty on Petroleum Products from Rs 9.48 per litre in 2014 to Rs 32.90 in 2021.

? Excise Duty collected on Petrol and Diesel since 2014 – Rs 20 lakh+ crore.

? Excess Amount collected by the BJP Government – Rs 18.66 lakh crore if we compare the Oil Bonds and amount collected through Excise Duty.

? BJP Government waived off Rs 1.45 lakh crore Corporate Tax last year only.

? Excise Duty on Fuel and Waiver/Reduction of Corporate Tax are responsible for rising petrol/diesel prices in the country, not the Oil Bonds.

? Giving Benefits to Corporates, Diverting Money to Party Funds, Misusing CSR Funds in PSUs and increasing burden on common people, have been the hallmark of BJP Government.