Following public outcry over skyrocketing fuel prices, the Union Minister Piyush Goyal tried to explain the situation recently. He said that the revenue earned by the government during low crude prices in the International market, is invested in various developmental projects.
“The revenue earned by the government during the lean crude market, by not reducing the prices then, has been gone into developmental projects of very high importance,” the Minister for Railways, Coal and Corporate Affairs said.
On skyrocketing of fuel prices, Goyal said that his government is “very concerned” and trying to resolve the issue in order to give relief to the common man.
Goyal was speaking at an interaction in Rajasthan, where he flagged off the Humsafar Jodhpur Bandra Express.
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Speaking at the inauguration, Goyal said the Railways has made adequate arrangements inside the trains, including mobile charging points, CCTVs and Bio Toilets.
He also mentioned that railway projects worth over Rs 13,000 crore have been undertaken in Rajasthan at present.
The minister also noted the doubling of road under-bridges during the Modi government.
“Under previous government only 52 road under bridges were installed, however now the number has doubled,” he said.
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Goyal also spoke about the spike in investment for Railways.
“Investment for Railway amenities earlier stood at Rs 682 crore on an average, it has now increased to Rs 2,911 crore under this regime”, Goyal said.
Goyal further said that Prime Minister Narendra Modi-led government took over at a time when the financial condition both on national and international level were highly adverse, but, owing to his adamant nature and willingness to change the face of the nation the PM handled the situation and brought the nation back on track.
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“As a result the GDP which was around 4.5% then, has touched a mark of 7.5%. This is on account of these revolutionary steps,” he said.
Further highlighting the aftermath of GST implication, Goyal said that the concerning bill was passed unanimously for a radical change in the economy and the outcome was that the tax collection under GST has been phenomenal.