A host of Foreign Institutional Investors (FIIs) on Thursday met Finance Minister P Chidambaram and are believed to have discussed the economic issues and investment climate.
Among those who attended the meeting with the minister include representatives from Bank of America Merrill Lynch, Blackrock, Goldman Sachs and private equity fund T Rowe Price.
The meeting with foreign investors assumes significance in the backdrop of the host of reform initiatives being undertaken by the government to attract investment. Besides, the government is also trying to address the problem with the regard to implementation of General Anti-Avoidance Rules (GAAR).
In view of widespread concerns by foreign investors, the government had earlier postponed implementation of GAAR, which was introduced by the then Finance Minister Pranab Mukherjee in his Budget for 2012-13
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