Newsmakers: Make in India raised FDI by 29%, jeweller shops shut for 15th day and more - Photos-1
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Newsmakers: Make in India raised FDI by 29%, jeweller shops shut for 15th day and more

Key business news events for the day
Recovery process to continue till Cairn takes settlement: FM
Close on heels of Income Tax Department slapping a Rs 29,000-crore tax demand notice on Cairn Energy, the government on Wednesday said normal recovery process will continue till the British firm takes one-time settlement offered in the Budget. In the Budget for 2016-17, Finance Minister Arun Jaitley made a one-time offer to waive interest and penalty if the companies against whom tax demands have been made using retrospective tax law, paid the principal amount to settle the disputes.
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