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Reimposed a Windfall Tax On Domestic Crude Petroleum

Reimposed a Windfall Tax On Domestic Crude Petroleum: The Indian government recently reimposed a windfall tax on domestic petroleum crude. Windfall Tax is a higher tax levied by the government on specific industries when they experience unexpected and above-average profits. When the government notices a sudden increase in an industry’s revenue, they impose this tax. […]

First European Country To Join The Comprehensive And Progressive Agreement For Trans-Pacific Partnership

First European Country To Join The Comprehensive And Progressive Agreement For Trans-Pacific Partnership: The UK has formally agreed to become the first European country to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): It is a free trade agreement (FTA) between 11 nations: Australia, Brunei, […]