2) Pradhan also said that the Modi government had paid an interest of Rs 70,000 crore on the oil bonds. This would mean that on an average an interest of Rs 17,500 crore per year was paid (Rs 70,000 crore divided by the four years the Modi government has governed the nation). An interest of Rs 17,500 crore has been paid annually on bonds with a nominal value of Rs 1,30,000 crore. This works out to an interest of 13.5 per cent, per annum. Why would the government of India pay such a high interest and on top of that to its own companies, is something that Pradhan should explain.