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With crucial state elections now due every year leading upto 2019, one can wonder if this government will ever re-discover its appetite for reforms — even though the options of leaving it all to the states still exists.
Government's decision to allow the Land Acquisition Ordinance to lapse and return to the previous Act is a "setback to economic reforms", industry body Assocham said.
The Supreme Court today sought the government's response on a plea of farmers' organisations challenging the legality of the fresh promulgation of the Land Acquisition Ordinance.
Narendra Modi's remarks on Land Acquisition Ordinance assume significance as Opposition is stepping up a joint campaign against the government over the issue.
The much-awaited Budget session will kick off from February 23 to May 10. Apart from the Union Budget, the government will try to push eight ordinances. The session also promises to be a stormy one with the Congress likely to oppose the government's Land Acquisition Ordinance.
The session, which will begin on February 23 and conclude on May 8, will see presentation of the first full-fledged budget of the Narendra Modi government which came to power in May last year.
The equity benchmarks gained strengh on Monday after consolidating last week supported by metals and autos stocks. The broader markets on Monday too participated in an uptrend; though buying at institutional desk remained low due to holidays for Christmas.
