{"id":401584,"date":"2021-02-22T12:17:26","date_gmt":"2021-02-22T06:47:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401584"},"modified":"2021-02-22T12:25:18","modified_gmt":"2021-02-22T06:55:18","slug":"cairn-hopeful-of-swift-solution","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-hopeful-of-swift-solution\/","title":{"rendered":"Cairn hopeful of \u2018swift solution\u2019"},"content":{"rendered":"<p>Cairn Energy said on Sunday that it had discussed multiple proposals with Indian government officials in recent days in an attempt to find a \u2018swift solution\u2019 to a long drawn-out tax dispute with the South Asian nation, Reuters reported.<\/p>\n<p>In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the UK-India Bilateral Investment Treaty. FE Bureau adds: As reported by FE earlier, the Indian government wants Cairn to settle the dispute using the Vivad se Vishwas scheme.<\/p>\n<p>Under the scheme, the company will have to pay around half the amount due sans interest and penalties in cases where the tax department has lost a case in a forum and filed an appeal, as the instant one.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cairn Energy said on Sunday that it had discussed multiple proposals with Indian government officials in recent days in an attempt to find a \u2018swift solution\u2019 to a long drawn-out tax dispute with the South Asian nation, Reuters reported. In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the UK-India Bilateral Investment Treaty. FE Bureau adds: As reported by FE earlier, the Indian government wants Cairn to settle the dispute using the Vivad se Vishwas scheme. Under the scheme, the company will [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-401584","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=401584"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401584\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}