At the end of last year, an international tribunal ruled against India in a retrospective tax dispute with Cairn Energy. The government has also reportedly appealed against the award of an international tribunal, which ruled against its claim for $2.2 billion retrospective tax from Vodafone. Knowing how much tax will be levied is a crucial factor in an international investor’s decision to invest in any country. By insisting on its right to collect retrospective taxes, the government is undermining the confidence of international investors in India. The second event, which did not enhance India’s international reputation, was the ministry of education’s recent instruction to all government-funded educational institutions to get a clearance before organising a virtual or online conference or service training.

Source: Hindustan Times February 27, 2021 14:37 UTC