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Wholesale Price Index
WPI represents the price of goods at a wholesale stage i.e. goods that are sold in bulk and traded between organizations instead of consumers.
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Definition: Windfall gain (or windfall profit) is an unexpected gain in income which could be due to winning a lottery, unforeseen inheritance or shortage of supply. Windfall gains are transitory in nature.
Description: For instance, when real estate property prices rise dramatically, the owner can make a substantial amount of profit by selling property. This sudden and unexpected rise in income is called windfall profit. Many countries define proper laws to tax windfall profits.
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Wholesale Price Index
WPI represents the price of goods at a wholesale stage i.e. goods that are sold in bulk and traded between organizations instead of consumers.
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Zar South African rand
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Related Definitions
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Bajaj Finance hikes FD Rates, offers 8.6% to seniorsBajaj Finance has raised its fixed deposit rates up to 40 basis points, offering 8.35% for 44 months and 8.05% for 36 to 60 months. Fixed deposits are simple to understand, making them popular with conservative investors and senior citizens, many of whom rely on such incomes for monthly expenses.
Bajaj Finance hikes FD Rates, offers 8.6% to seniorsBajaj Finance has raised its fixed deposit rates up to 40 basis points, offering 8.35% for 44 months and 8.05% for 36 to 60 months. Fixed deposits are simple to understand, making them popular with conservative investors and senior citizens, many of whom rely on such incomes for monthly expenses.
Centre may see a big jump in RBI dividend in FY24The Budget has estimated receipts of ₹48,000 crore in FY24 by way of total dividends from public sector banks and the RBI.
Centre may see a big jump in RBI dividend in FY24The Budget has estimated receipts of ₹48,000 crore in FY24 by way of total dividends from public sector banks and the RBI.
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Government hikes windfall gains tax on crude, diesel and ATFThe government on Saturday revised windfall gains tax with the Centre adjusting its Special Additional Excise Duty (SAED) on crude petroleum by Rs 3,150 per tonne, diesel and air turbine fuel (ATF) by Rs 2.5 per litre each.
Turnaround of PSBs: A story from doom to bloom; journey towards Rs 1 lakh crore profitThe doom-to-bloom story of the PSBs can be attributed to the initiatives and spate of reforms undertaken by the govt led by Modi, along with the then FM Arun Jaitley and Financial Services Secy Rajiv Kumar. As part of the strategy, the government infused an unprecedented Rs 3,10,997 crore to recapitalise PSBs during the last five financial years
India cuts windfall tax on crude, aviation fuelThe tax on crude oil produced by local firms has been reduced to Rs 1,700 per tonne from the existing Rs 4,900 per tonne, as per government notification.
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