In exactly three months, the government has lost two international arbitration
cases, this time against the energy company Cairn
over a retrospective tax
claim. India has been told to pay Cairn
Rs 8,000 crore. In this context, our lead editorial argues
that it is time for the government to not just accept with good grace that it has lost this legal battle, but take measures to ensure that it is not put in such a position again.