When state owned oil and natural gas corpera, or o n g c, announced its highest ever net profits, the whispers became louder. Will the indian government impose a windfall tax on the company? After all, countries like hungary, italy and the yuke have already imposed a windfalls tax for the past couple of weeks. The idea actually dates back to world war one, when the yuk introduced something called the excess profits duty.
In today's episode for 2nd June 2022, we talk about windfall tax and the debate surrounding this controversial topic.