Cairn India Current Affairs, GK & News

Govt buries Retrospective Tax

Finance Minister, Nirmala Sitharaman, introduced a Bill in Parliament to nullify the provisions of Income Tax Act. This bill has put an end to contentious retrospective tax law which has hit the confidence of foreign investors like Vodafone and Cairn. Highlights Government also proposed to refund amount paid in litigation by companies without any interest. ..

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Mining firm Vedanta Ltd. gets approval for expansion of its plant in Rajasthan

Mining firm Vedanta Ltd. has received environment clearance approval for the expansion of its oil and gas operation in Rajasthan. This would entail the company an investment of Rs.12,000 crore. The proposal is to expand onshore oil and gas production from 3,00,000 Barrels oil per day to 4,00,000 BOPD and 165 mmscfd (million standard cubic ..

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