What is Windfall Tax and Why Has Govt Reduced it on Fuel Export, Domestic Crude Oil?

To provide relief to oil producers and refiners in the country, the Centre has reduced the…

ONGC and Reliance to Roar After Windfall Tax Cut: Morgan Stanley

A surprise cut in additional taxes imposed on fuel exports and crude oil production has spiked…

Govt Slashes Windfall Tax On Diesel, Aviation Fuel Shipments As Global Crude Oil Prices Fall

With the global crude oil prices cooling down over concerns of recession, the Centre has reduced…

RIL, ONGC & Chennai Petrochem Stocks Surge By Up to 11% As Govt Lowers Windfall Tax

Windfall Taxes Reduced: Shares of Reliance Industries Limited (RIL), ONGC, and Chennai Petrochem surged on Wednesday…

Govt Cuts Windfall Tax on Crude Oil, Diesel, Jet Fuel Shipments; Scraps Gasoline Export Levy

In a bid to offer relief to oil producers and refiners in the country, the central…

Govt May Lower Windfall Tax On Domestic Oil Producers On Friday: Report

India is considering lowering the recently implemented windfall tax and the meeting to review the measure…

New taxes to hurt disinvestment plans, corporate profits, investment climate

Chennai: While the new or hike in tax rates on some sectors may increase the government’s…

India To Revoke Windfall Tax If Oil Prices Fall $40 A Barrel: Revenue Secretary Tarun Bajaj

Revenue Secretary Tarun Bajaj has on Monday said that India will only withdraw its windfall tax…

India to Drop Windfall Tax if Oil Prices Fall $40 a Barrel, Says Revenue Secretary Tarun Bajaj

NEW DELHI: India will only withdraw its windfall tax introduced last week for oil producers and…

Windfall Tax On Crude Oil: What Is It; How Will It Impact Companies, Govt Revenues?

Domestic producers will now pay a cess of Rs 23,250 per tonne on crude oil as…