A windfall tax is a government levy on unexpected profits. It targets companies that gain significant financial benefits, often during economic booms. This tax aims to redistribute wealth and fund public services. Critics argue it may deter investment. Proponents believe it ensures fairness. The concept has been applied in various contexts, including the energy sector and large corporations.
The Indian Finance Ministry has announced the removal of the windfall tax on aviation turbine fuel (ATF), crude products, petrol, and diesel. This decision was formalised through notifications...
