What is the decision of the Centre regarding windfall tax on domestic crude and export of diesel and ATF

The Centre has made the following decisions regarding windfall tax on domestic crude and the export of diesel and aviation turbine fuel (ATF):

• The windfall tax on domestic crude has been increased. This means that companies extracting crude oil in India and generating excessive profits will be subject to a higher tax rate. This decision aims to ensure that the government receives a fair share of the additional profits made by these companies.
• On the other hand, the Centre has reduced the levy on the export of diesel and ATF. This move is aimed at making Indian diesel and ATF competitive in the international market.

These decisions have been made to strike a balance between ensuring that companies do not excessively profit from domestic crude extraction and boosting India's competitiveness in the global market for diesel and ATF. The increased windfall tax will help generate additional revenue for the government, while the reduced levy on exports will support the growth of the export sector.