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NEWS & VIEWS|||SARASIJ|||19th MAY2026

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  NEWS & VIEWS|||SARASIJ|||19 th MAY2026 TUESDAY| VOL—V/2026/MAY OPINIONATED, FOR FREE CIRCULATION. * कष्टः खलु पराश्रयः।* Dependence is indeed painful.   INDIA: (GOI, SWARAJYA, VISHWAMITRA, HINDU POST, INDIA TODAY).   PM Modi has said, India today represents one of the world’s most attractive country for investment, innovation and manufacturing. Mr Modi was addressing the European Round Table for Industry (ERT) at Gothenburg during his two-day visit to Sweden.   Prime Minister Narendra Modi was conferred with the Grand Cross of the Royal Norwegian Order of Merit in Oslo, Norway, on 18 May 2026. The award is the highest civilian honour of Norway and the highest grade within the Royal Norwegian Order of Merit. Address ‘ground level challenges’, ease regulatory frameworks: Norwegian businesses tell Modi. U.S. Justice Department drops all charges against Gautam Adani; case closed permanently. WHAT NOW LEFT CABALS WILL SAY?? In Uttar Pradesh, the ...

OIL BOND: ‘A DARK FINANCIAL LEGACY’

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  OIL BOND: ‘A DARK FINANCIAL LEGACY’ SARASIJ MAJUMDER In March 2026, India completed the final repayment of its long out‑standing OIL BOND obligations, a cumulative ₹3.23 lakh crore liability that had stretched beyond two decades over multiple governments. With this last payment, a major legacy burden on the nation’s finances has finally been removed. But, before discussing ‘OIL BOND’, let us review the Global Oil Scenario of the first decade of 21 st   century. BACKGROUND: Global crude oil prices experienced a dramatic surge between 2005 and 2010—peaking near $147 a barrel in July 2008 before a sharp recessionary drop and subsequent recovery—driven by a "perfect storm" of rapid demand growth, limited supply, and financial speculation. KEY FACTORS CAUSING THE SURGE : Soaring Demand from Emerging Markets: Rapid economic expansion in China drove massive demand for transportation and industrial energy. China accounted for roughly 40% of the world's oil demand ...

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