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Policy uncertainty makes FIIs wary of India
Foreign institutional investors (FIIs) are increasingly getting edgy as recent policy actions, or the lack of it in several cases, have dampened their enthusiasm to buy Indian shares. Tax uncertainty due to the proposed general anti-avoidance rules (GAAR), policy flip-flop on foreign direct investment (FDI) in multi-brand retail, rollback of rail fare increases, status quo on petrol prices, the Coal