Skip to main content

Cabinet okays extension of part of land Act to other central laws

By
The Union Cabinet on Wednesday gave its approval to an order issued by government on August 28, to extend the provisions of compensation, rehabilitation and resettlement available to farmers under the 2013 Land Acquisition Act to 13 other central laws as well.

The controversial issue of land ordinance, which was allowed to lapse on August 31, was also briefly discussed at the meeting of the Cabinet chaired by prime minister Narendra Modi, during which views were exchanged on the feedback from grassroots after the lapse of the ordinance.

Sources said the prime minister was keen to know the reaction of farmers to the two land ordinance- related decisions taken by government in the past one week. Some ministers, according to the sources, said the decision to allow the ordinance to lapse was the right move against the backdrop of the " misinformation campaign" by opposition parties and some non- governmental organisations, which was creating " perception problems" for the government.

"Some decision has been taken. A discussion happened...," petroleum minister Dharmendra Pradhan said at the Cabinet briefing when asked whether land ordinance was discussed and whether the government gave ex- post facto approval to the order it had issued on August 28. Giving up the ordinance route, the government had last week issued an order to ensure farmers, whose land is acquired under 13 other central laws, continue to get the benefits of relief, rehabilitation and compensation available to them under the Land Acquistion Act of 2013.

The order issued by the government under the removal of difficulties clause (Section 113) in the Land Act extended the provisions relating to the determination of compensation, rehabilitation, and resettlement to all cases of land acquisition under 13 central laws which were left out in the 2013 law.

Business Standard, New Delhi, 03 September 2015

Comments

Post a Comment

Popular posts from this blog

Household debt up, but India still lags emerging-market economies: RBI

By
  Although household debt in India is rising, driven by increased borrowing from the financial sector, it remains lower than in other emerging-market economies (EMEs), the Reserve Bank of India (RBI) said in its Financial Stability Report. It added that non-housing retail loans, largely taken for consumption, accounted for 55 per cent of total household debt.As of December 2024, India’s household debt-to-gross domestic product ratio stood at 41.9 per cent. “...Non-housing retail loans, which are mostly used for consumption purposes, formed 54.9 per cent of total household debt as of March 2025 and 25.7 per cent of disposable income as of March 2024. Moreover, the share of these loans has been growing consistently over the years, and their growth has outpaced that of both housing loans and agriculture and business loans,” the RBI said in its report.Housing loans, by contrast, made up 29 per cent of household debt, and their growth has remained steady. However, disaggregated data sho...
Post a Comment
Read more

External spillovers likely to hit India's financial system: RBI report

By
  While India’s growth remains insulated from global headwinds mainly due to buoyant domestic demand, the domestic financial system could, however, be impacted by external spillovers, the Reserve Bank of India (RBI) said in its half yearly Financial Stability Report published on Monday.Furthermore, the rising global trade disputes and intensifying geopolitical hostilities could negatively impact the domestic growth outlook and reduce the demand for bank credit, which has decelerated sharply. “Moreover, it could also lead to increased risk aversion among investors and further corrections in domestic equity markets, which despite the recent correction, remain at the high end of their historical range,” the report said.It noted that there is some build-up of stress, primarily in financial markets, on account of global spillovers, which is reflected in the marginal rise in the financial system stress indicator, an indicator of the stress level in the financial system, compared to its p...
Post a Comment
Read more

Healthy balance sheets augur well for economy: RBI Governor Sanjay Malhotra

By
  Large tariffs by the United States administration and elevated geopolitical risk have increased near-term global financial stability risks, and along with weather events pose downside risks to domestic growth, Reserve Bank of India(RBI) Governor Sanjay Malhotra said in the foreword to the Financial Stability Report released today.Noting that domestic growth momentum is buoyed by strong domestic drivers, sound macroeconomic fundamentals and prudent policies, Malhotra said: “External spillovers and weather-related events could pose downside risks to growth.”On the other hand, he said the outlook for inflation is benign, and there is greater confidence in the durable alignment of inflation with the Reserve Bank’s target.Commenting that the structural shifts reshaping the global economy are making policy intervention challenging, the Governor emphasised the need for central banks and financial sector regulators to remain vigilant, prudent and agile in safeguarding their economies and...
Post a Comment
Read more