India offers Cairn Energy $1billion refund
The lower house of parliament on Friday approved a draft law introduced the previous day, canceling a 2012 policy that enabled New Delhi to tax some foreign investments retrospectively.
The lower house of parliament on Friday approved a draft law introduced the previous day, canceling a 2012 policy that enabled New Delhi to tax some foreign investments retrospectively.
The development came as a major setback for the Indian government after Vodafone Group Plc had won an international arbitration case against the Indian government in September.
