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Finance Minister Sitharaman Defends Windfall Tax On Crude, Oil Product Exports

“Let me tell you frankly that I didn’t expect such a question from a potential investor. I had clearly stated that on the day this decision was made that India wants to be a refining hub, India wants to encourage investments in refineries, and India wants to… ensure that profitability is not taxed with the intention to earn revenue for the government,” Sitharaman told a summit organised by Elara Capital here.

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