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Nirmala Sitharaman: $1.4 bn Cairn arbitration award: FM Sitharaman says its her duty to appeal


Synopsis
Last year, the government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the power to levy taxes with retrospective effect.
We have made our position clear on retrospective taxation. We have repeated it in 2014, 2015, 2016, 2017, 2019, 2020, till now. I don t see any lack of clarity, Sitharaman said.
Finance Minister Nirmala Sitharaman on Friday indicated the government s intent to appeal against an arbitration panel asking India to return $1.4 billion to UK s Cairn Energy Plc, saying it is her duty to appeal in cases where the nation s sovereign authority to tax is questioned.
Last year, the government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the power to levy taxes with retrospective effect. ....

Nirmala Sitharaman , Fm Sitharaman , Cairns Energy , Cairns Energy Arbitration , Cairns Arbitration , கெய்ர்ன்ஸ் ஆற்றல் , கெய்ர்ன்ஸ் ஆற்றல் நடுவர் , கெய்ர்ன்ஸ் நடுவர் ,

A large number of India's business disputes are going to international tribunals | बड़ी संख्या में भारत के कारोबारी विवाद अंतरराष्ट्रीय ट्रिब्यूनल में जा रहे