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    Question

    As of August 17, 2024, what action did the Indian

    government take regarding the windfall tax on diesel and aviation turbine fuel (ATF)?
    A Increased the tax Correct Answer Incorrect Answer
    B Reduced the tax to ₹1,000 per tonne Correct Answer Incorrect Answer
    C Scrapped the tax entirely Correct Answer Incorrect Answer
    D Imposed an additional surcharge Correct Answer Incorrect Answer
    E Maintained the existing tax Correct Answer Incorrect Answer

    Solution

    The government decided to scrap the windfall tax on diesel and aviation turbine fuel (ATF) as of August 17, 2024, reflecting changes in the global market conditions.

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