Ex-RBI Governor Raghuram Rajan suggests ‘windfall tax’ on Indian oil refiners to shield SMEs from Trump tariffs

Aug 29, 2025 - 21:30
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Ex-RBI Governor Raghuram Rajan suggests ‘windfall tax’ on Indian oil refiners to shield SMEs from Trump tariffs
Former RBI Governor proposed a windfall tax on oil refiners profiting from discounted crude oil and then redirecting the funds to support India's SMEs, affected by US tariffs.

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