Recent events including the ongoing Brexit negotiations and the termination of investment treaties might however have a direct impact on the trade deal and one can expect negotiations to resume in the near future.
The Income Tax Department has ordered coercive action against Cairn Energy of UK, including taking away over Rs 2,000 crore dividend and tax refund, to recover part of the Rs 10,247 crore retrospective tax.
When Prime Minister Malcolm Turnbull visited India two months ago, he made much of reviving stalled free trade talks — but developments in India this week show the prospects of eventual success are remote at best.