British Foreign Secretary Philip Hammond

No retro tax but Cairn is legacy issue: Jaitley

Finance Minister Arun Jaitley concluded his two-day visit here with a message to the global investing community that India`s stated position now was not to impose any retrospective tax but that the one slapped on Cairn was a "legacy" issue.

Mar 15, 2015, 16:59 PM IST

British foreign secretary seeks India assurance after $1.6 billion Cairn tax case

British Foreign Secretary Philip Hammond raised concerns in India on Thursday over a $1.6 billion retrospective tax bill charged to British oil explorer Cairn Energy hours before he arrived in the country seeking to improve business ties.

Mar 12, 2015, 20:10 PM IST