-Frontline THE newly christened Right to Fair Compensation in Land Acquisition, Resettlement and Rehabilitation Bill, 2012, which was due to be passed in the Lok Sabha with amendments, has been deferred to the Budget session. Union Minister for Rural Development Jairam Ramesh spoke to Frontline on the present status of the Bill and the debate on it within Parliament and outside. Excerpts from the interview: * What were the reasons for the...
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Of FDI, Wal-Mart & controversies: An eventful year for retail
-PTI The retail sector, where the government permitted foreign direct investment in multi-brand, courted controversies during the year with several opposition parties making it a political issue in Parliament. Even before its entry into multi-brand retail, the global chain Wal-Mart was grappling with various issues, including spending money in the US on lobbying for entry into India. Adding action to the drama was Swedish furniture chain IKEA's hectic bargaining with the government over...
More »Lok Sabha paves way for setting up more banks
-PTI Parliament on Thursday paved the way for corporate houses to enter the banking sector by approving the banking bill, a key reform legislation pending for long. Parliament also passed the amendments to the debt recovery laws or Sarfesi law after a reply by finance minister P Chidambaram on the combined discussion on the two bills in Rajya Sabha. These two Bills -- Banking Laws (Amendment) Bill, 2012, and Enforcement of Security Interest...
More »Is CIC trying to limit RTI with order on attorney general?-Jasleen Kaur
-Governance Now Experts criticise CIC’s declaration that the attorney general is not a public authority, and thus cannot be under the ambit of RTI Act The chief information commission (CIC) might have struck another blow on the momentous Right to Information Act with its recent ruling that the attorney general (AG) is not bound to answer RTI queries. The declaration has drawn flak from RTI activists, experts and former information commissioners. According to the...
More »Lok Sabha passes companies, banking Bills-Asit Ranjan Mishra, Liz Mathew and Surabhi Agarwal
-Live Mint Consideration of land acquisition Bill deferred after opposition seeks more time to study new clauses India’s Parliament got down to business on Tuesday with the Lok Sabha passing two critical Bills, the Companies Bill, 2011, and the Banking Laws (Amendment) Bill, 2011, although it deferred consideration of the land acquisition Bill. The new Companies Bill, when it is enacted, is expected to improve the quality of corporate governance by strengthening...
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