Question

Why did the Indian government scrap the windfall tax on

Q: Answer-Why did the Indian government scrap the windfall tax on domestic crude oil and fuel exports?

The government removed the windfall tax on crude oil and fuel exports as international oil prices declined, reducing the need for additional revenue measures.

domestic crude oil and fuel exports?

A To encourage oil production in India

B Due to a rise in global oil prices

C Due to a decline in international oil prices

D To support Indian oil companies

E To improve trade balances

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Why did the Indian government scrap the windfall tax on

Solution