Government scraps Windfall Tax on Crude Oil
Why in the News? The Government of India has scrapped the windfall tax on crude oil, which was previously set at ₹1,850 per tonne. What is Windfall Tax? Details Definition A higher tax levied on companies that earn unexpected and extraordinary profits due to external factors. Purpose To capture a portion of excess profits from… Continue reading Government scraps Windfall Tax on Crude Oil

