Skip to main content

Rajasthan to amend 2013 land Act in current Assembly session

In its Assembly session that began on Wednesday, the Rajasthan government is planning to push some industryfriendly amendments to the Right to Fair Compensation and Transparency in Land Acquisition ( Rehabilitation and Resettlement) Act, 2013.
If it is able to amend the law inthecurrentsession, Rajasthan will become the first Bharatiya JanataParty( BJP)- ruledstateto change the central Act, after the Narendra Modi- led National Democratic Alliance government at the Centre recently succumbed to opposition pressure and allowed its land ordinance to lapse.
The state government had tried to amend the central Act last year, too. But BJP’s own legislators had stonewalled the RajasthanLandAcquisitionBill, 2014. This time, however, the statehopestobeabletoconvince itslegislators. The freshattempt comes after Chief Minister Vasundhara Raje recently announced at a NITI Aayog meeting of chief ministers, chaired by the prime minister, thathergovernmentwouldsoon enact its own land law.
After opposition from some party legislators, the Assembly had sent the Bill to a House select committee, which is yet to give its report. The Rajasthan government is likely to incorporate the recommendations of the committee.
“We went slowly on the ( earlier) Bill as the Centre brought an ordinance. Now that the central ordinance has lapsed, our Bill assumes relevance again. I assume the select committee that had earlier concluded its report and made certain recommendations will have to hold another sitting, because the context has changed,” Rajasthan Chief Secretary C S Rajan told Business Standard.
TheBill, whichthestategovernment had presented in the House last year, had tried to addresscertainconcernsaround the consent- clause and socialimpactassessment ( SIA) provisions in the 2013 Act. “ We will provide the highest compensation under the central law. We have said in our Bill that we will provide compensation for rehabilitation, too. Formanyprojects, consentmightnotbenecessary. For instance, if an existing road has to be widened for increased traffic, whereisthetimeorenergy to seek consent or do SIA and wait for two years?”
Business Standard, New Delhi, 18th Sept. 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...