Edit this postGAAR is a short sighted action plan and govt is trying to raise desperate money. Moreover their incoherent policies are going to make India pay a lot in future as our esteem is hurt in front of FIIs.
India is at a threshold where inflows from FIIs is a must and poor financial policies like GAAR India are going to scare the FIIS from our country. We all know that Indian stock market is heavily dependent on FIIs money and we do require their investments.
No doubt the present UPA has fallen to significant lows in terms of morals and ethics. The corruption is at the highest level and they are behaving as if they will never come back to power. This is an arbitrary tax policy which needs to be condemned.
