Wednesday, April 11, 2012

GAAR proposal disappointing, says Jim Rogers - Economic Times

Stating that bureacracy in India is the worst in the world, Jim Rogers, Chairman, Rogers Holdings told ET Now that he was disappointed with the General Anti-Avoidance Rules (GAAR) proposal announced by Indian Finance Minister Pranab Mukherjee in the Union Budget 2012-13. Rogers believes that India would develop faster if the markets are less regulated.