Skip to main content

10 states seek to have their own land laws

This could help bypass central legislation and break the land Bill deadlock
Ten big states, most of those ruled by the Bharatiya Janata Party (BJP) and its alliance partners, on Wednesday sought to unshackle themselves from the logjam over amendments to the contentious land acquisition Bill, 2013, by proposing to bring their own laws for boosting infrastructure development.
At a NITI Aayog meeting to discuss the land Bill ( the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation, and Resettlement Bill, 2015), which Prime Minister Narendra Modi chaired, several chief ministers stressed that land was needed for development and to create jobs.
The PM told the meeting that politics over the Bill was stalling rural development. He said the government would not compromise the country’s development but will keep farmers’ interest in mind. For this, it would consider all suggestions. Several state governments proposed they could enact their own land laws consistent with the amendments proposed by the Centre in the land acquisition Bill, 2015, rather than waiting indefinitely for a consensus.
“If the Centre fails to approve this ( Bill) with consensus, it should be left to states. Those states that want to develop fast... can suggest their own state legislation and the Centre ( would) approve that state legislation.
An overwhelming section gave such a suggestion,” Finance Minister Arun Jaitley said after the meeting.
He did not identify the specific states but it was evident most of these were those ruled by BJP or its alliance partners. Today’s meeting was attended by 16 chief ministers. The nine Congress CMs boycotted the meeting, while the Uttar Pradesh, West Bengal and Odisha CMs were absent. Tamil Nadu CM J Jayalalithaa, who was indisposed, sent a written text in which she opposed the changes to the 2013 Act. Bihar’s Nitish Kumar, Tripura’s Manik Sarkar and Delhi’s Arvind Kejriwal also opposed the amendments.
Among the states that are ruled by the National Democratic Alliance partners, Parkash Singh Badal, who leads a BJPShiromani Akali Dal government in Punjab, was the sole dissenter on the issue of amending the 2013 Act. Jammu & Kashmir CM Mufti Mohammad Sayeed advised the PM to consult all political parties before amending the existing Act. Telangana, ruled by the Telangana Rashtra Samithi ( not an NDA partner), is understood to have supported the changes, along with Haryana, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Gujarat, Maharashtra and Goa. Andhra Pradesh CM N Chandrababu Naidu could not attend the meeting but spoke to the PM. He has consistently supported the land Bill.
Chief Ministers of BJP- ruled states argued development had been suffering because of a deadlock over the issue.
Business Standard, New Delhi, 16th July 2015

Comments

Popular posts from this blog

Govt’s gamble on GST cuts: What do the bond and currency markets signal?

  It’s not just humans who suffer from cognitive biases; markets do too. Interestingly, different financial markets exhibit distinct biases, each interpreting events through its own prism of prejudice. Take the recent announcements on GST reforms: equity markets have chosen to view them through the lens of growth, while bond and currency markets are focusing on potential macroeconomic risks—fiscal pressures and current account challenges. So, which lens captures the true pulse?Equity markets may be right in expecting GST reforms to revive consumption, which has remained lacklustre for a while. But the key question remains—will this revival come at the cost of broader macro stability?It is well known that consumption stocks have rallied since the GST rationalisation announcement. But what about bond markets? What signals are they sending since this rejig was announced from the ramparts of the Red Fort?The signs aren't encouraging. Bond prices have slumped and yields have surged sinc...

Luxury carmakers urge clarity on GST rates to boost festive season sales

  A clear picture regarding new GST rates at the earliest will help the overall auto industry, including the luxury car segment, to regain momentum in the ongoing quarter, which generally sees enhanced sales on account of the festive season.The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation.In an interaction with PTI, BMW Group India President and CEO Hardeep Singh Brar said the recent speculation about the change in GST rates has caused uncertainty in the minds of consumers.Consumer interest and demand is strong, but they (prospective buyers) have adopted a wait-and-watch approach, and this delayed decision-making is impacting new vehicle sales at a certain level, he noted."Expediting clarity on GST rates is essential to get back to speed and ensure the auto sector's contribution to economic growth during this quarter is robust," Brar stated.He also hoped that the sustainable p...

Sebi proposes tighter norms for green bond third-party reviewers

  Sebi on Friday said it has proposed to tighten the norms to appoint independent third-party reviewers or certifiers for green debt securities to align them with requirements for other ESG-linked bonds.In a draft circular, Sebi said that the current norms for green bonds, introduced in February 2023, lack detailed requirements around reviewer independence, conflict of interest mitigation, and disclosure standards that are now in place for other ESG-linked securities under a June 2025 circular.The regulator's latest proposal seeks public comments on a revised framework that would bring parity by incorporating comprehensive criteria for third-party certifiers of green bonds on non-convertible securities.Under the proposed norms, issuers of green debt securities will need to appoint reviewers who are independent of their management, directors, and key managerial personnel. These reviewers will be remunerated in a way that prevents any conflicts of interest and possess relevant expert...