Our Finance Minister today said that GAAR won’t be rolled back. But many of us don’t even know what is GAAR. It is General Anti Avoidance Rules. These are regarding FII (Foreign Institutional Investors), which I have discussed in my previous post also.
I had said this earlier also if these rules are followed it will affect foreign investment in our country. Although these rules are proposed and these will be presented in parliament in May. Pranab Mukherjee, our finance minister says that these rules won’t be taken back.
Rest clarifications will be issued when finance bill will be presented in parliament.
But don’t you think by that time many foreign investors may invest or plan to invest at some other place?
Your views and comments are welcomed