Bonds may seem like complicated instruments, but deep down they're just i oe you notes. Oil bonds are just like regular bonds, only here the intended use case is a bit different. Members of the india government have repeatedly asserted that these bonds seem to be overbearing in nature. The finance minister recently suggested that the oil bonds were holding her back from cutting taxes on petrol and deasel.
In today's episode for 18th August 2021, we discuss oil bonds and see why the finance minister thinks they're the reason fuel prices are sky high these days.