Windfall tax is a strategic levy imposed on energy companies earning extraordinary profits due to global price shocks. It aims to generate fiscal revenue, ensure domestic fuel availability, and curb excessive exports while managing inflation and securing India's energy needs.
Click to View MoreIndia’s public debt, currently around 57% of GDP, has been rising due to persistent fiscal deficits, growing welfare and infrastructure spending, and higher interest costs. High debt limits fiscal flexibility, increases taxpayer burden, and can slow economic growth. The government is addressing this through fiscal consolidation, tax reforms, optimized expenditure, and debt management strategies, aiming for a sustainable debt-to-GDP ratio of 50% by FY31 while supporting economic growth.
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