The recent tax demand made on Cairn Energy under the retrospective tax clause has generated a lot of anxiety.
UK companies have been watching the Indian policy space very keenly while companies in UK are waiting to invest in sectors like defence, insurance. The recent tax demand made on Cairn Energy under the retrospective tax clause has generated a lot of anxiety. Patricia Hewitt, Chair - UK India Business Council told CNBC-TV18 the companies headquartered are disappointed even after Arun Jaitley had assured them the retro tax clause would not be used.
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Cairn tax demand has created uncertainty: Patricia Hewitt
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