The GIDC has stalled the expansion of its oldest industrial estate at Verna in South Goa and Shiroda in north Goa due to "unaffordable" land acquisition prices.
According to the global financial services major, the root cause of the challenging macro environment in India over the past few years has been the sharp deterioration in the productivity dynamics.
Committee Chairman S S Ahluwalia (BJP) is likely to move a resolution in the Lok Sabha tomorrow seeking extension till the first week of the Monsoon session in July-August, a member said after the meeting.
The Lok Sabha speaker is meeting with leaders of the Samajwadi Party, TMC, RJD, JDU and AAP over the logjam.
The NDA government has proposed some changes to the 2013 Land Act through an ordinance in December last year. The bill to replace the ordinance was passed by Lok Sabha but could not be put to vote in the Rajya Sabha where the BJP is in minority. Hence, the ordinance was re-promulgated twice.
She said the state governments, including those run by Congress, are pitching for amendments to the Land Acquisition Act of 2013 and that they should be encouraged to have the law in "competitive federalism".
Why did the government re-promulgate an ordinance three times? Is it an idea it just got, is it the states saying that or is it the allies of the BJP as they head into elections in Bihar and Punjab?
On completion of government's one year, CNBC-TV18 brings you Confederation of Indian Industry's agenda for the government for coming year.
Launching an attack on opposition parties for “misleading the nation†on the land acquisition bill by running a false campaign against it, Finance Minister Arun Jaitley termed the UPA‘s government‘s 2013 act as anti-farmer and said his government seeks to correct its contentious issues.
Congress is opposed to the land bill primarily on five counts, he said. "One, no consent (of farmers) required. Two, no social impact assessment required.
Modi should focus on the real picture. His ultimate goal should be the abolition of LARR, creating a genuine and vibrant market for land, shifting acquisition powers to states, and making property a fundamental right.
Addressing reporters on Sunday afternoon, Ahir stressed that Land Acquisition Bill is neither anti-farmer nor anti-poor as perceived by some of the political leaders, but is solely aimed at bringing about greater focus on agriculture and welfare of the farmers.
Calling the land ordinance pro-poor and pro-rural India, Roads and Transport Minister Nitin Gadkari said that farmers have got Rs 2,000-crore compensation post ordinance.
Politicians are mostly land owners and land hoarders with their own vested interests. It is no secret, that politicians and benami owners of urban land too. They are using the poor to argue their own case.
At the meeting of the BJP Parliamentary Party here, Modi said the bill will benefit farmers and that the amendments brought by his government were based on suggestions and demands made by Congress-ruled states and their chief ministers.
It will replace the ordinance promulgated by the government in December 2014, which had brought changes in the earlier bill passed in 2013 by the UPA government.
Notwithstanding the continuing impasse over amendments to the land acquisition act, the government is expected to table a bill in Rajya Sabha today to replace its ordinance it passed late last year. The Budget session of the Parliament started on Monday
"The government is not serious on the issue of corruption. The Lokpal Act has not been implemented even after 365 days of the President having signed it. They have not fulfilled assurances made to the people. That is why an agitation will be launched once again on Lokpal, Land Acquisition Act and black money," Hazare said
The opposition is up in arms as the government promulgates an ordinance to amend the 2013 land acquisition act. The land acquisition process has been relaxed considerably for five sectors including affordable housing. FM clarifies that the easier norms will not apply for premium and luxury housing.
The government's reforms agenda is on track and the economy is on its way to transition to 6.5 per cent growth and 6 per cent inflation levels, says a Morgan Stanley report.
The first fight Modi has to win is against his own parivar. He has to ensure that there is not a peep from them. If this does not happen, one can't see him winning the legislative war.
"We will fight against the 'black' and 'unjust' ordinance on land acquisition by burning symbolic copies of it," Banerjee, Trinamool Congress supremo, said addressing a party workers' meeting here.
According to Nitin Patel, ED, Sadbhav Engineering, the fact that the compensation clause has remained unchanged will have little impact on infrastructure companies.
If the government fails to have a bill replacing an ordinance passed after Parliament reconvenes, it has the option of re-promulgating it in order to extend its shelf life but there is only so far it can go without alarming purists.
Taher Badshah of Motilal Oswal AMC says from a one-year perspective, earnings will have to grow upward of 15% to push the market ahead. So the government reforms will have to fall into place for the desired 15% upward push to earnings, he adds.