Regardless of everything though, the bill is a welcome move on the part of the government, that should boost investor confidence in India by providing some much-needed tax certainty
The Centre will ensure that adequate safeguards are in place when settling retrospective tax disputes with companies to protect itself from possible future challenges from any stakeholder at global forums.
India is ideally placed to attract businesses looking to move out of China, finance minister Nirmala Sitharaman said in an interview to Deepshikha Sikarwar and Bodhisatva Ganguli. She also said the telecom ministry was looking into the adjusted gross revenue (AGR) issue. Edited excerpts
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The law provides a framework for resolving international arbitration cases that the government has lost, namely those filed by Vodafone Group Plc and Cairn Energy and 15 others stemming from the retrospective tax law.