Windfall tax to recoup most of Rs 1 lakh crore revenue lost in excise cuts
Business | July 03, 2022 11:45 ISTThe tax on crude oil producers like Oil and Natural Gas Corporation (ONGC), Oil India Ltd and Vedanta Ltd alone will fetch the government Rs 69,000 crore annually considering 29.7 million tonnes of oil production in 2021-22 fiscal (April 2021 to March 2022).