Skip to main content

Centre will permit state govts to amend 2013 land Act Jaitley

On a day that the 2013 land Act came into effect again with the lapsing of the current government’s land ordinance, Finance Minister Arun Jaitley said all that state governments now needed to do was to bring legislations to amend the central law and seek presidential assent for it. He said the Centre would permit the state governments to make state- specific amendments in the 2013 Land Act.
Jaitley said acquisition of property was a list III entry 42 in the concurrent list of the Constitution. He said the provisions of Article 254 ( 2) clearly provide that a state government can bring legislation on a concurrent list subject even if it conflicts with the central legislation, provided that presidential assent is given to such legislations. “ The states are thus, fully empowered to amend the 2013 land law and seek presidential assent before the amendment can be effected. This has been precisely agreed to in the meeting convened by the NITI Aayog. One state has already brought the amendments and some others are likely to follow,” he said. The states can provide for alternative mechanism which balances the interests of farmers and also provides for land required for acquisition, the finance minister stated in an article The Land Ordinance — The Obvious Reasons.
“The 2013 Act occupies the field. The Bill remains for consideration of the Standing Committee and, if some consensus suggestions are made, the same would be implemented. That if any state wishes to make some amendments in the central law, the same would be permitted by the Central Government,” he said, explaining the current situation.
Jaitley said the 2013 Act was a “ badly drafted legislation” which has “ a lot of ambiguities and obvious errors,” and “legitimate difficulties” would arise once the Act is implemented. “ It was at the request of the state governments that the amendment to land acquisition law of 2013 was issued. However, after the issuance of the ordinance, the Congress party changed its position and wanted to oppose the ordinance for political reasons,” he said. For the past one year, the government had argued in favour of more flexibility in relation to consent and social impact provisions of the 2013 Act since several state governments had demanded it.
The finance minister said the provisions of the 2013 land Act would prevent development of rural infrastructure and creation of job opportunities. He disputed the Congress’ argument that the 2013 law provided for consent of the farmers before the land is acquired and the 2015 law having snatched away this mandatory consent of the farmers. He said the provision in the 2013 Act was diluted by the use of the word “ also” in section 2( 2) “whereitindicatesconfusioninthemind of the draftsperson with regard to nonapplicability of the consent provisions to section 2( 1). This ambiguity is required to be corrected.” He said under the 2013 Act provisions relating to ‘ social impact assessment’ and various steps to be taken therein require a large timetable which taken together could go up to several years. The language of the time provisions uses the word “ within” the time period. “ This time requires to be shortened or exempt in some cases,” Jaitley said. The finance minister said the 2013 Act required the entire acquired land to be utilised within aperiod of five years but “ townships cannot be completed within five years.” that were exempted from consent and social impact assessment provisions.
He said 13 legislations were exempted from social impact assessment and consent in the 2013 Act. They were also exempted from the provisions of additional compensation, relief and rehabilitation.
Business Standard, New Delhi, 2nd Sept. 2015

Comments

Popular posts from this blog

RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

  India's digital lending infrastructure has made the loan sanctioning system online. Yet, loan recovery still needs a “feet on the street” approach, Swaminathan J, deputy governor of the Reserve Bank of India, said at a media event on Tuesday, September 2, according to news agency ANI.According to the ANI report, the deputy governor flagged that fintech operators in the digital lending segment are giving out loans to customers with poor credit profiles and later using aggressive recovery tactics.“While loan sanctioning and disbursement have become increasingly digital, effective collection and recovery still require a 'feet on the street' and empathetic approach. Many fintech platforms operate on a business model that involves extending small-value loans to customers often with poor credit profiles,” Swaminathan J said.   Fintech platforms' business models The central bank deputy governor highlighted that many fintech platforms' business models involve providing sm...

Credit card spending growth declines on RBI gaze, stress build-up

  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the...

SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv

  The Reserve Bank of India’s Deputy Governor Swaminathan J on Friday instructed the directors of small finance banks (SFBs) to be vigilant and proactive in identifying emerging risks in the sector.Speaking at a conference for directors on the boards of SFBs, Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models.Additionally, he highlighted the need for strengthening cybersecurity to protect the entities against digital threats and urged for a stronger focus on financial inclusion, customer service, and grievance redressal to ensure a broader reach of banking services.Executive Directors S C Murmu, Rohit Jain, and R L K Rao, along with other senior officials representing the Supervision, Regulation, and Enforcement Departments of the RBI, also participated in the conference.   -  Business Standard  30 th  September, 2024