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 India fuel supply penalty issue and the telecom regulator’s proposals for a steep increase in spectrum prices have not gone down well with them.