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SARASIJ'S BLOG

MONSOON SESSION

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  MONSOON SESSION SARASIJ MAJUMDER This Monsoon Session is the darkest black spot in our Parliamentary Democracy. Worse—minute by minute VDO Clips of everyday are available in Social Medias. Treasury Bench was forced to be disciplined, as they had to conduct the sessions—Opposition, without any such responsibility, behave much worse than Animals! The less I discuss about them—the better. Statistically, During the Monsoon Session of Parliament (held from July 20 to August 13, 2026), a total of 12 Bills were passed by both Houses of Parliament. Complete List of Passed Bills: As documented by PRS Legislative Research and official PIB Releases, the following 12 bills successfully cleared both the Lok Sabha and the Rajya Sabha: The Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026 : Tightens rules to prevent paper leaks and organized cheating. Increases minimum punishment to 5-10 years in jail for exam. paper leaks; fine up to ₹50 lakh. For organized cr...

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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