Last July, govt imposed the windfall tax on these items after private refiners wanted to make gains from robust refining margins in overseas markets, instead of selling it cheap at home.
Sitharaman, who is only the second woman defence minister in India's history, is expected to work closely with the Finance Minister to take key industry-related decisions
Modi govt's thrust on manufacturing is much-needed but it is pushing Indian manufacturing in the direction of outsourcing, same as our services industry.