Tuesday, 28 June, 2022
TopicCairn India

Topic: Cairn India

Cairn to drop cases against India after it gets $1 billion refund, CEO Simon Thomson says

Cairn said it will return up to $700 million out of the $1.06 billion it is supposed to get from Modi govt to 'shareholders via special dividend and buyback.'

Cairn targets Indian assets in Paris: What is its dispute with Modi govt & why it’s escalated

A tax dispute stemming from a 15-year old transaction has adversely impacted India’s efforts to project itself as an investor friendly destination. ThePrint explains

India to take legal recourse over Cairn Energy’s confiscation of Paris assets worth Rs 180 cr

Cairn Energy has been moving aggressively to push the Modi govt to comply with the $1.7 billion arbitration award that it won in December 2020 in the retrospective taxation case.

On Camera

YourTurn

Free power & no new taxes in AAP govt’s Punjab Budget, but fiscal consolidation roadmap missing

Finance Minister Harpal Singh Cheema emphasised improving ‘fiscal health’ and augmenting tax revenues in AAP govt's maiden Budget Monday, but outstanding debt expected to rise by 8.4%.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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