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Govt may give oilfield to Cairn in lieu of $1.4 billion dues


Updated:
February 01, 2021 10:40 IST
The British firm gave India its biggest onland oil discovery but exited the country after it was slapped with a ₹10,247-crore tax demand using a legislation that gave the government the powers to tax companies retrospectively
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A Cairn India employee works at a storage facility for crude oil at Mangala oil field at Barmer in Rajasthan. Image for representation only.
  | Photo Credit:
Reuters
The British firm gave India its biggest onland oil discovery but exited the country after it was slapped with a ₹10,247-crore tax demand using a legislation that gave the government the powers to tax companies retrospectively ....

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