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Expert views: Govt to delay anti-tax avoidance rules for foreign investors

There is also to be no distinctions between foreign direct investments and foreign portfolio investments

Reuters  |  Mumbai 

India's Finance Minister Arun Jaitley said on Saturday the government would delay the implementation of planned General Anti-Avoidance Rules (GAAR) by two years, while saying it would make no distinctions between foreign direct investments and foreign portfolio investments. Earlier, Jaitley set India's fiscal deficit target for the 2015/16 fiscal year at 3.9% of gross domestic product and said it would reduce the target gradually to 3% by 2017/18, one year later than previously expected. Read our full coverage on Union Budget Jaitley also said the government expected ...

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First Published: Sat, February 28 2015. 12:33 IST
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