Facts For Prelims Source: TH Context: India has stated that it cannot be forced to participate in “illegal” proceedings at the Permanent Court of Arbitration regarding the Kishenganga and Ratle hydropower projects in Kashmir. The court ruled that it has the authority to consider the dispute between India and Pakistan on the matter. India …
GS Paper 3: Topics Covered: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. Context: British energy major Cairn Energy Plc has finally withdrawn the lawsuits filed against the Indian government and its entities overseas in a ₹10,247 crore retrospective tax case. The company is in the …
GS Paper 3: Topics Covered: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. Cairn’s offer on retrospective tax Context: Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC undertakings which would allow …
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GS Paper 3: Topics Covered: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. tax dispute: Context: Cairn Energy has entered into certain undertakings with India which would allow for the refund of taxes under a billion-dollar dispute. What’s the issue? In December 2020, a three-member international …
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