Month: April 2012

Has the government bitten off more than it can chew with GAAR? Amar Pandit The introduction of General Anti-Avoidance Rules (GAAR) in budget 2012-13 has set off the proverbial storm in a teacup. Foreign investors, who will be primarily affected by this rule, are up in arms, and are lobbying furiously with the Finance Ministry […]

Goldman Sachs’ recent announcement that it is upgrading the Indian equity market from underweight to market weight has created a palpable sense of excitement. In a market where good news is hard to come by, many market participants have seized upon this piece of news just as a drowning man clutches at straws. Our view […]