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GOVERNMENT RAISES WINDFALL TAX AS OIL PRICES SURGE Why in the News? The government has raised the windfall tax on petrol and diesel exports while reducing the levy on aviation turbine fuel exports for the next fortnight. The move comes amid elevated global crude prices, geopolitical tensions and disruptions around the Strait of Hormuz. Windfall …
Read MoreIndia’s Energy Strategy Needs Realistic Price Correction Syllabus: GS – 3 – Energy Security, Environmental Considerations including Environmental Impact Assessment and Environmental Clearances Focus : The article discusses how the Strait of Hormuz crisis has exposed India’s structural dependence on imported fossil fuels and the economic strain of shielding consumers from global energy shocks. …
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