Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 204)

2024-05-01 Economy

204.

What is the reduced windfall tax rate per metric ton on domestically produced crude oil in India?

Rs 9,600

Rs 8,400

Rs 6,800

Rs 10,000

Answer: Option

Explanation:

India has reduced the windfall tax on domestically produced crude oil from Rs 9,600 to Rs 8,400 per metric ton, effective May 1. This adjustment reflects a decrease in the tax burden on crude oil producers, aimed at fostering a conducive environment for the oil industry while ensuring reasonable taxation.