Changes In Land Acquisition Law May Trigger Spate Of Reforms – The Economic Times – 29-Dec-2014
December 30, 2014 - Uncategorized
“There are a few more steps in the offing,“ said a senior government functionary, indicating that the reform momentum will be maintained.
The direct benefit transfer scheme, aimed at ensuring that subsidies are sent to the bank accounts of beneficiaries, is set to be launched nationwide from January 1 following a pilot. The move could be followed up with the weeding out of some who have hitherto been beneficiaries of various welfare programmes.
There has been a clamour for changes in the land acquisition rule that came into force on January 1 because it has led to a complete halt in development. No land has been acquired for public purposes under the new law because of some of its draconian provisions, stalling industrial development that was already squeezed by the previous government’s inability to get projects off the ground. The Right to Fair Compensation and Transparen cy in Land Acquisition, Rehabilitation and Resettlement Act 2013 was enacted by the previous United Progressive Alliance government after violent protests over land being taken away from farmers for various projects.
The government has already indicated its unhappiness with provisions of the law that have stalled land acquisitions. “Discussions are on… draft is being finalised,“ a senior government official told ET. “Ordinance could be taken up by the cabinet soon.“
The government favours expansion of the list of exempted sectors under the land law to include defence, education and healthcare and infrastructure while leaving compensation unchanged.
FM’s List of Priorities
Obviously , the first priority has to be to arrest slowdown in growth and radically improve the investments environment. The government in the past few months has undertaken several reforms . More are to follow.Additionally the liquidity in the market has to be encouraged and improved.
The services sector is doing well. Additional investment in irrigation is required. Changes and reforms which impact favorably on the manufacturing sector have to be undertaken. That is a focus which I intent to pursue.
The next few months will witness an increased focus by the Government to fight black money both within and outside the country . If we succeed, this will add an additionality of resource for the national economy .