Parliament must use budget session to discuss key pending bills The budget session of Parliament begins today. The last few sessions have been characterised by disruptions and consequent loss of productive time. To see one indicator, the 15th Lok Sabha, half-way through its term, has lost 30 per cent of scheduled time — the worst ever. As a result, many important bills have been pending. It is to be seen whether...
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Land acquisition Bill will push up prices five times: CII chief
-The Hindu Business Line The President of Confederation of Indian Industry (CII), Mr B. Muthuraman, on Thursday said that the Land Acquisition, Rehabilitation and Resettlement Bill, 2011, would cause a five-fold increase in land prices to the industry. “No industry will be able to afford that,” he said in an interaction with journalists, on the sidelines of a conference on the theme “Tamil Nadu: Vision 2025”. The Bill is expected to be presented...
More »UPA’s elbow room to push crucial reforms may shrink
-The Indian Express The Samajwadi Party’s sweep in India’s biggest state, Uttar Pradesh, and Congress’s defeat in Punjab and Goa will further shrink the elbow room the Congress-led UPA government at the Centre has to push through key initiatives such as foreign direct investment (FDI) in multi-brand retail, pension reforms and legislation such as the goods and service tax (GST) that require support from states. The Centre had postponed some of these...
More »Government subsidy burden at 10-year high
-IANS The Indian government's subsidy burden is expected to reach 2.5 percent of the country's gross domestic product (GDP) for the fiscal ending March 31, the highest in 10 years, due to higher price of crude oil and other commodities, a report showed Tuesday. The total subsidy is expected to increase to Rs.2,23,000 crore in the current financial year, which is 2.5 percent of GDP at the current market price which is...
More »UIDAI Bill unlikely to be tabled in budget session by Devika Banerji
The Bill governing the unique identity project is unlikely to be introduced in the budget session of parliament, as the Planning Commission needs more time to finalise its revised version. The Unique Identity Authority of India (UIDAI) Bill, which aims to give legal status to the collection of biometric data and issue of unique identification numbers to all resident Indians, was rejected by a parliamentary committee last year. "There are many issues...
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