Passage of Bill crucial for success of next phase of reforms
The Hindu Business Line, June 23, 2015
Arun Jaitley today said if the land Bill is not passed in the
Rajya Sabha then a joint session of Parliament would be called
as its passage is key to the success of next phase of reforms.
?I hope, we do not
have to reach that situation (of convening a joint session of
Parliament) and it gets sorted out before that. The present
government as far as the constitutional mechanism is concerned
has the numbers.
?Therefore, we would
like to make sure that this landmark reform in India does take
place,? Jaitley said.
giving a time line for convening a joint session, Jaitley exuded
hope that the land Bill in its new shape would be able to get
through the Rajya Sabha, where the ruling party and its
coalition partners do not have a majority.
However, he pointed
out that if there is a joint session, the BJP and its coalition
partners have enough numbers to get the Bill passed.
?We would like to
ensure that this landmark reform in India does take place,?
Jaitley said in his presentation on ?India?s Economic Future?
organised by the Stanford Institute for Economic Policy
?The land law which
was approved in 2013, in my view, has hindered the complete
development of rural India. Almost 55 per cent of India is
rural,? he said.
that the 2013 law does not provide for adding irrigation, rural
infrastructure, easy availability of land for affordable housing
for poor and also even industrialisation in rural areas.
?This has become
politically very contentious. It is currently before the Joint
Select Committee. I am keeping my fingers crossed as to how this
debate would proceed. But I do hope that the Joint Select
Committee comes out with some agreed formulation, otherwise if
consensus eludes us ? both house choose to disagree with each
other ? then a joint session of the houses will take it up,? he
Jaitley said the
government is committed to continuing with reforms.
?We finished the
first year, a somewhat a significant but modest change by Indian
standards,? he said adding that the basic parameter to put the
house in order has been set.
Noting that India?s
appetite for reforms has increased, he said at the end of the
day very few moves get blocked and at the most they get delayed.
?This seems to be
the maturity of Indian politics,? he said.
Most areas of the
Indian economy have opened up, he said adding that foreign
investment is now considered as an additional resource.
This news can also be viewed at: