India's General Anti-Avoidance Rule (GAAR) and its impact on the investments were some of the highlights of discussions at the three seminars on the Indian Budget held here this week. The seminars aimed to explain the benefits for foreign investments in India in the coming year. Among other things, the proposed infrastructure and residential spending, as proposed in the Budget, are expected to generate business opportunities for large scale material and equipment supplies which were not currently available in India, said S Narayan, Head of Research and Visiting Senior Research Fellow at the Institute of South Asian Studies (ISAS) at the NUS. The ISAS along with YES Bank and Times Now held the third Indian Budget seminar yesterday, following up to the first seminar organised by the High Commission of India and the SMU and the second by PwC.