Q.3 What is windfall tax and why is it needed? Highlight the challenges involved in imposing such a tax? (15 Marks)

Mentor’s Comments- https://www.thehindu.com/news/national/why-is-windfall-tax-being-imposed-on-the-energy-sector/article65857808.ece https://indianexpress.com/article/business/windfall-tax-on-crude-reduced-export-duty-on-diesel-halved-8186598/ In the introduction, explain windfall tax. In the body, first, mention the need for a windfall … Continue reading Q.3 What is windfall tax and why is it needed? Highlight the challenges involved in imposing such a tax? (15 Marks)