Budget 2021 would be unprecedented in many ways, as the government would have to focus on providing stimulus packages to revive the economy, while also identifying other avenues of revenue to bridge the widening fiscal deficit

Permanent Court of Arbitration in The Hague said Cairn Energy's India business reorganisation in 2006 before its listing on stock exchanges was not \"unlawful tax avoidance\"; ordering Indian tax authorities to drop tax demand

The government has reportedly challenged the international tribunal's September verdict that ruled in favour of Vodafone Group Plc in the Rs 22,100-crore tax dispute case

Shares of Vodafone Idea fell 5.87% to Rs 9.94 against previous close of  Rs 9.56 on BS. The telecom stock has fallen after two days of consecutive gain

India has challenged Vodafone arbitration award in Singapore on Dec 21; Centre recently discussed Vodafone tax dispute award at highest level, including with Prime Minister Narendra Modi

Supreme Court lawyer Arvind Datar, who has represented Cairn in this case, says that the government has the right to appeal but he does not know whether they will appeal or not

The Government will be studying the award and all its aspects carefully in consultation with its counsels, says finance ministry, adding that it will consider all options and take a decision on further course of action, including legal remedies before appropriate fora

International arbitration tribunal has asked India to pay Rs 8,000 crore as damages to Cairn; winning of case ends one of the most high profile disputes in India

The cumulative wealth among the top 20 richest families in Asia amounts to $463 billion, with the Ambanis holding about 16% of that amount

In the past 12 days, fuel prices have increased nine times. In 12 days, the petrol price has gone up by Rs 1.28 per litre and diesel rate has risen by Rs 1.96

Sandeep Kataria is an alumunus of IIT-Delhi and XLRI-Jamshedpur. He was a gold medallist of the 1993 PGDBM batch at XLRI. Kataria has 24 years of work experience at Unilever, Yum Brands, and Vodafone in India and Europe

Sandeep Kataria is an alumunus of IIT-Delhi and XLRI-Jamshedpur. He was a gold medallist of the 1993 PGDBM batch at XLRI. Kataria has 24 years of work experience at Unilever, Yum Brands, and Vodafone in India and Europe

Issue was recently discussed at a meeting in which PM Modi was also present but final decision will most likely be taken in next meeting after weighing in all pros and cons

If the arbitration award in the Cairn cases goes against India, the government has to pay the British firm over Rs 7,600 crore to reverse the dividend and tax refund it had ceased and shares it sold to recover part of the tax demand

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Solicitor General Tushar Mehta has advised the government that the decision of an arbitration tribunal cannot contradict the law passed by a sovereign parliament

The ministry says a speculative news story being circulated in some section of media claiming that Attorney General has given an opinion in favour of not appealing in the Vodafone arbitration award is totally incorrect and without any factual basis

Finance Ministry sources said the government will decide on challenging the award before a court in Singapore - which was the seat of the arbitration, after taking legal opinion

In its half-yearly earnings statement, the company said it expects an international arbitral tribunal to shortly give a decree on its challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes

Vodafone retro tax case: The finance ministry sources said that the government is duty bound to protect public money if there is an attempt to avoid levies by rerouting transactions through tax havens