India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a recent government notification.
Windfall Tax
It is a tax levied by governments against certain industries when economic conditions allow those industries to experience significantly above-average profits.
When is it imposed?
The most common industries that fall target to windfall gains tax include oil, gas, and mining.
Purpose:
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We provide offline, online and recorded lectures in the same amount.
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant.
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.