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FinMin to take call on scrapping windfall tax
The Morning Standard
|October 24, 2024
Reduced prices of crude oil have made the levy irrelevant, says official
FINANCE ministry will decide on scrapping the windfall tax on crude oil as significantly reduced prices of the commodity have made the levy irrelevant, said Tarun Kapoor, advisor to the Prime Minister.
Kapoor, speaking at the World Biogas Association India Congress 2024, said petroleum ministry has written to finance ministry to withdraw the levy. "I think the petroleum ministry has written to the finance ministry. Anyway, there is not much relevance in it (windfall tax) now," Kapoor said.
Denne historien er fra October 24, 2024-utgaven av The Morning Standard.
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FLERE HISTORIER FRA The Morning Standard
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