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Articles for Cairn

Biodiversity needs a win against oil and gas
4 months, 3 weeks ago

Biodiversity needs a win against oil and gas

Hindustan Times  

The development versus environment debate may not always have a clear winning side, but when it has an endangered species at the centre, the scales must tip in favour of conservation. Vedanta-owned Cairn’s proposal to drill in the Hollongapar Gibbon Sanctuary in Assam could have severe consequences for the Hoolock Gibbon, India’s only ape species, and a cascading impact on …

India Railways Cairn Gibbon
ONGC's first oil from 98/2 block goes to MRPL
9 months, 1 week ago

ONGC's first oil from 98/2 block goes to MRPL

Hindustan Times  

ONGC in January started oil production from its Krishna Godavari basin KG-DWN-98/2 block, lying in Andhra offshore. HT Image "The first crude oil cargo from #ONGC Deepwater Krishna Godavari basin has reached ONGC subsidiary @Ongc_Mrpl Mangalore Refinery and Petrochemicals Limited," ONGC said in a post on X. MRPL received the first cargo, loaded on a ship Swarna Sindhu on March …

India Oil Crude Ongc Crude Oil Mrpl Cairn
Cairn Oil & Gas to help improve livelihoods of fishermen in Ravva, AP
1 year, 2 months ago

Cairn Oil & Gas to help improve livelihoods of fishermen in Ravva, AP

Deccan Chronicle  

RAVVA: In line with its mission to transform communities, Cairn Oil & Gas, part of Vedanta Group and India’s largest private oil and gas exploration and production company, to help improve the livelihoods of fishermen, distributed fishing nets to village elders and fishermen community of S.Yanam village in Andhra Pradesh. Cairn Oil & Gas operates the Ravva oil field, situated …

Oil Gas Vedanta Cairn Fishing Nets Cairn Oil Ravva
Oti Mabuse and Zara Larsson stun in a show stopping outfits ahead for Comic Relief
1 year, 9 months ago

Oti Mabuse and Zara Larsson stun in a show stopping outfits ahead for Comic Relief

Daily Mail  

Oti Mabuse and Zara Larsson showed off their cheeky side on Friday night as they posed up a storm ahead of their Comic Relief appearances. Lady in red: Oti Mabuse wowed in a ravishing red mini dress that clung to her sensational curves as she posed for the camera ahead of Comic Relief on Friday night Awesome accessory: Showing off …

Relief Oti Mabuse Zara Comic Rylan Clark Emma Willis Comic Relief
Red Nose Day 2023 Challenge: What will Emma Willis, Rylan Clark and Oti Mabuse take on?
1 year, 9 months ago

Red Nose Day 2023 Challenge: What will Emma Willis, Rylan Clark and Oti Mabuse take on?

Daily Mail  

They are best known for being the face of prime-time shows, used to glamorous wardrobes and mingling with the stars. But Emma Willis, Rylan Clark and Oti Mabuse will be out of their comfort zone in their Red Nose Day Challenge. Ain't no mountain high enough: Emma Willis, Rylan Clark and Oti Mabuse will be out of their comfort zone …

Camping Red Going Bbc Emma Scottish Oti Mabuse
India refunds Rs 7,900 cr to Cairn to settle retro tax dispute
2 years, 9 months ago

India refunds Rs 7,900 cr to Cairn to settle retro tax dispute

The Hindu  

The Indian government has paid Cairn Energy Plc ₹ 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country’s image as an investment destination. Cairn dragged the government to international arbitration over the levy and enforcement proceedings and on December 22, 2020, got a favourable ruling that …

India Arbitration Indian Company Demand Crore Refund
Cairn Vedanta makes oil discovery in Rajasthan block
2 years, 10 months ago

Cairn Vedanta makes oil discovery in Rajasthan block

The Hindu  

Vedanta group firm Cairn Oil & Gas on Monday announced an oil discovery in a Barmer district block of Rajasthan, not very far away from its prolific oilfield in the same desert. In a stock exchange filing, the firm said it had notified the government and the Directorate General of Hydrocarbons of the discovery in exploratory well WM-Basal DD Fan-1 …

India Rajasthan Oil Gas Company Block Esg
Taxing drama: The Hindu Editorial on retroactive tax disputes
2 years, 10 months ago

Taxing drama: The Hindu Editorial on retroactive tax disputes

The Hindu  

In what should be the last act of a long and winding tax dispute drama, British firm Cairn Energy has said it has concluded all steps prescribed by the Indian government in order to be eligible for the refund of a contentious retroactive tax levy. The original target for this move, that has sharply dented India’s credibility, was Vodafone, which …

India Tax Indian Vodafone Cairn
Cairn ‘fulfils’ retro tax repeal steps, awaits ₹7,900 crore refund
2 years, 10 months ago

Cairn ‘fulfils’ retro tax repeal steps, awaits ₹7,900 crore refund

The Hindu  

U.K.’s Cairn Energy on Tuesday said it has complied with all rules of the retro tax repeal law to now become eligible for about ₹7,900 crore refund of taxes that were collected from it to enforce a retrospective tax demand. As part of the settlement reached with the government in the seven-year-old dispute over the levy of back taxes, the …

Refund Retrospective Tax
India’s poor compliance with investment awards
2 years, 11 months ago

India’s poor compliance with investment awards

Hindustan Times  

The roller-coaster ride of the interminable Devas saga continues. Yet, India continued to brazen it out — launching an investigation against Devas, leading to an order to liquidate the company by the National Company Law Tribunal, and refusing to comply with the BIT awards. The disputes that India lost include cases brought by leading global corporations such as Vodafone, Deutsche …

Law India Arbitration Cases Indian Bit Vodafone
Retro Tax: Cairn drops lawsuits in U.S., U.K.; completing formalities in Paris, Netherlands
2 years, 11 months ago

Retro Tax: Cairn drops lawsuits in U.S., U.K.; completing formalities in Paris, Netherlands

The Hindu  

Britain's Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the U.S. and other places and is in the final stages of withdrawing cases in Paris and the Netherlands to get back about ₹7,900 crore that were collected from it to enforce a retrospective tax demand. As part of the settlement reached with the government …

India Netherlands Tax Court Taxes Indian Crore
Top news of the day — November 5, 2021
3 years, 1 month ago

Top news of the day — November 5, 2021

The Hindu  

Prime Minister Narendra Modi on Friday invoked the great “rishi tradition” of India as he inaugurated several development works in Kedarnath, Uttarakhand, including the unveiling of a statue of Adi Shankaracharya and monuments related his samadhi. “After the Centre cut levy on petrol and diesel, Chandigarh Administration has reduced VAT by Rs 7 on petrol and diesel with effect from …

India Congress State Deepavali Eternals
New York court pauses tax suit to allow Cairn to settle dispute with India
3 years, 2 months ago

New York court pauses tax suit to allow Cairn to settle dispute with India

Firstpost  

This follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the fresh government enacting a fresh law to scrap retrospective taxation in the country A New York court has paused Cairn Energy’s pursuit of US assets of Air India for the recovery of USD 1.2 billion arbitral award, so as to allow …

India Tax Court Indian Air New York Crore
Cairn Energy plans £500m shareholder bonanza from Indian government tax dispute
3 years, 3 months ago

Cairn Energy plans £500m shareholder bonanza from Indian government tax dispute

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London-listed oil and gas firm …

India Tax Indian Million Free Breaking Cairn
Modinomics is Inclusive and Taxation, Tribunal Reforms Were Ushered In Out of Conviction Not Compulsion
3 years, 4 months ago

Modinomics is Inclusive and Taxation, Tribunal Reforms Were Ushered In Out of Conviction Not Compulsion

News 18  

“Our government is ready to take the biggest risk in the interest of the nation. The Taxation Laws Bill provides for the withdrawal of tax demand made on ‘indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012.’ Rules will be framed under the law giving a reasonable timeframe for the companies to come and give …

India Supreme Court High Court Congress Indian Assets Modi
Parsa Venkateshwar Rao Jr | Retro tax scrapping will not lead to spurt in FDI
3 years, 4 months ago

Parsa Venkateshwar Rao Jr | Retro tax scrapping will not lead to spurt in FDI

Deccan Chronicle  

There has been a sigh of relief and a sense of exultation as finance minister Nirmala Sitharaman had moved the Taxation Laws Bill 2021 and the Lok Sabha had passed it. Mukherjee’s amendment was specifically used against Vodafone which purchased 67 per cent of the shares in the mobile services firm Hutch-Essar from Hong Kong’s Hutchison Whampoa in the Cayman …

India Tax Court Tax Evasion British High Amendment
Explained | Why is retrospective tax being scrapped?
3 years, 4 months ago

Explained | Why is retrospective tax being scrapped?

The Hindu  

The story so far: On Thursday, Finance Minister Nirmala Sitharaman introduced the Taxation Laws Bill in the Lok Sabha to nullify the tax clause provision that allows the government to levy taxes retrospectively. In January 2012, India’s Supreme Court backed Vodafone, ruling that indirect transfer of shares to a non-Indian company would not attract tax in India. Separately, in 2006-07, …

Finance India Netherlands Indian International Arbitration Bill Vodafone
Centre introduces Bill in Lok Sabha to withdraw retrospective tax demands on Cairn, Vodafone
3 years, 4 months ago

Centre introduces Bill in Lok Sabha to withdraw retrospective tax demands on Cairn, Vodafone

Firstpost  

New Delhi: In a bid to bury the ghost of retrospective taxation, the government on Thursday brought a Bill in the Lok Sabha to withdraw all back tax demands on companies such as Cairn Energy and Vodafone and said it will refund the money collected to enforce such levies. Finance Minister Nirmala Sitharaman introduced ‘The Taxation Laws Bill, 2021’ in …

Tax Cases Indian Assets Transfer Lok Sabha Demand
Centre moves to redact retrospective tax law
3 years, 4 months ago

Centre moves to redact retrospective tax law

The Hindu  

The government on Thursday took the first step towards doing away with the contentious retrospective tax law of 2012, which was used to raise large tax demands on foreign investors like Vodafone and Cairn Energy, and blamed for vitiating India’s investment climate — less than a month after Cairn Energy secured an order from a French court to freeze India’s …

India Energy Tax Law Cases Indian Vodafone Retrospective
Govt amends Income Tax Act, retrospective tax rule junked
3 years, 4 months ago

Govt amends Income Tax Act, retrospective tax rule junked

India TV News  

In a bid to bury the ghost of retrospective taxation, the government on Thursday brought a bill in the Lok Sabha to withdraw all back tax demands on companies such as Cairn Energy and Vodafone and said it will refund the money collected to enforce such levies. Finance Minister Nirmala Sitharaman introduced 'The Taxation Laws Bill, 2021' in the Lok …

Cases Indian Assets Income Tax Act Transfer Income Act
Govt to Now Nix Retrospective Tax; But Here's How Cairn Was Denied a Win
3 years, 4 months ago

Govt to Now Nix Retrospective Tax; But Here's How Cairn Was Denied a Win

The Quint  

In an earlier reminiscence about Ardh Satya, I had conflated the greyness and moral ambiguity of the violent murder at the end of the film with the astonishing half-truths that we, as a nation, have encountered in the COVID-19 pandemic’s “oxygen tragedy”, the illegal Pegasus surveillance, and the “vaccination promise” made to our citizens. However, there is another insidious half-truth …

Arbitration Troubles For India
3 years, 5 months ago

Arbitration Troubles For India

Live Law  

India recently faced another blow in the realm of arbitration as a Paris based court ruled in favour of Britain's Cairn Energy Plc. The said order was passed as a result of India's recalcitrance to honour the Permanent Court of Arbitration's award in Cairn Energy v the Republic of India. But, the Ministry of Finance circumvented the Supreme Court decision …

India Energy Supreme Court Arbitration Taxation Tax Court
Tata Group may seek indemnity clause in Air India privatisation deal: Report
3 years, 5 months ago

Tata Group may seek indemnity clause in Air India privatisation deal: Report

India Today  

Tata Sons, the holding company of Tata Group, is one of the leading contenders to acquire Air India as the government looks to wrap up the sale of the debt-laden airline by the end of this calendar year or by the first quarter of 2022. Tata Group had reportedly quoted a price higher than Singh for acquiring Air India in …

India Indian Air Tata Sons Group Tata Group Tata
Snippets from UK: Anti-India Protest Ends in Anticlimax; Memories of Dilip Kumar
3 years, 5 months ago

Snippets from UK: Anti-India Protest Ends in Anticlimax; Memories of Dilip Kumar

News 18  

Lord only knows: Nazir Ahmed, who still calls himself Lord Ahmed and has long made it his business to abuse India over Kashmir, now seems to stand discredited among his own supporters. The brightest star: The death of Dilip Kumar has been mourned widely amidst the Indian community in Britain. A large number of those migrants, now elderly and retired, …

Indian Britain Wembley 13 Days Dilip Kumar Cairn