The Economic Times, 12 Jul 2012NEW DELHI: Singapore Prime Minister Lee Hsien Loong on Wednesday described India's business environment as complicated and said investors look for a "predictable regulatory regime and a hassle-free, rules-based business environment", hours before PM Manmohan Singh assured Lee of the country's commitment to remain investor-friendly.
While Lee did not elaborate on the context of his comments, the Supreme Court's cancellation of telecom licences, the government's handling of the Vodafone tax case, and the proposed anti-tax avoidance rules, referred to as GAAR, have created considerable disquiet among global investors about India's uncertain and unpredictable policy environment. Full story
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