Law Min says govt can renegotiate fiscal terms of Cairn block
The government may alter terms of Cairn India's Rajasthan oil block after Law Ministry opined that fiscal terms can be renegotiated while granting extension beyond contractual period.
Nov 19, 2014, 12:26 PM ISTCairn India June quarter profit plunges 65% to Rs 1,093 cr
Cairn India Wednesday reported a 65 percent drop in its first quarter net profit after booking a one-time depreciation charge on new accounting rules, and said it will invest USD 200 million in developing a gas find in predominantly oil-rich Rajasthan block.
Jul 23, 2014, 19:55 PM ISTNeed for predictable taxes, contract sanctity: Cairn India
As it looks at policy support to boost output from Rajasthan oil block, Cairn India Wednesday called for predictable taxes and fiscal regime together with maintaining contract sanctity to aid production increase.
Jul 23, 2014, 18:40 PM IST