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The government has cut windfall tax on locally produced crude oil and exports of aviation turbine fuel (ATF) and diesel.The windfall tax on crude has been reduced to Rs 1,900 per tonne from Rs 2,100 per tonne earlier. The government also cut export tax on ATF to Rs 3.5 per litre from Rs 4.5 per liter. The export tax on diesel has been reduced to Rs 5 per litre from Rs 6.5 per litre earlier. The special additional excise duty on petrol continues to remain unchanged at ‘nil’. Learn Along: A windfall tax is a higher tax rate on profits that result from a sudden windfall gain to a particular company or industry, often as the result of a geo-political disturbance, war or natural disaster that creates unusual spikes in demand and/or interruptions to supply.
When evaluating an argument, what does it mean to "beg the question"?
Statement: Is obesity a disease?
Arguments:
I. Yes, Obesity like other diseases impairs the normal functioning of the body.
...
Statement: Should there be a complete ban on extracurricular activities in college.
Arguments:
I. No, the...
Statement: Should school-going children have internet access at home?
Arguments:
I. Yes, because through the internet students can h...
Statement: Should India encourage one child policy, when our population is increasing day by day?
Arguments:
1) Yes, we have to contr...
Statement: Should graduation be made minimum educational qualification for entry level jobs in any public sector organisation?
Argument:
...Statement: Should the government revoke the GST and bring in the previous tax regime?
Argument I: Yes, the state governments are unable to recove...
Statement: Should export of food grains be banned keeping in view the unexpected drought situation in the country?
Argument I: No, it won’t...