Finance Minister Nirmala Sitharaman cited the tax as a 'sovereign right' to prevent foreign companies from profiting excessively. The US had opposed the tax previously, threatening a 25% tariff on Indian imports.
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Finance Minister Nirmala Sitharaman cited the tax as a 'sovereign right' to prevent foreign companies from profiting excessively. The US had opposed the tax previously, threatening a 25% tariff on Indian imports.