UPA government

The excruciating burden of high fuel prices on the common man continues unabated. The price of petrol and diesel has reached a record high in many cities of India. And the government has simply put the onus on the UPA dispensation.

India’s retroactive tax demands have come back to haunt the government, with the Permanent Court of Arbitration awarding damages of $1.2 billion plus interest and costs to oil and gas explorer Cairn. What options does India have?