SME Times is powered by   
Search News
Just in:   • EAM Jaishankar dials counterparts in Asia and Europe, discusses strikes on Pak-based terror camps  • Iran rejects report of proposing direct talks with US  • Singapore issues travel advisory asking citizens to avoid J&K, Pak  • US: Two injured, suspect dead after shooting at Florida pharmacy store  • 430 flights cancelled, 27 airports to remain shut till May 10 
Last updated: 27 Sep, 2014  

chidambaram-23022013-THMB.jpg Chidamabaram justifies food, land bills

Chidambaram.9.jpg
   Top Stories
» Sensex, Nifty open nearly flat as geopolitical tensions continue
» Sensex, Nifty gain in early trade as India carries out ‘Operation Sindoor’
» India, UK finalised free trade deal, says PM Modi
» Moody’s pegs India’s GDP growth at 6.3 per cent for 2025
» Nifty, Sensex open higher; Adani Ports among top gainers
SME Times News Bureau | 30 Aug, 2013
The government Thursday defended the landmark food security bill and the land acquisition and rehabilitation bill saying the markets couldn't be "spooked or ethused by them".

"Both the bills have been in public domain for many months and have been debated enough. It is wrong to say the markets are spooked or enthused by them," Finance Minister P. Chidamabaram told reporters.

The food bill was passed by the Lok Sabha Aug 26, the land bill was taken up Thursday.

The stock markets tanked the day after the food bill was passed. Critics said it was so because it involved a huge subsidy.

According to the minister, the food bill will be rolled out in a year and the states will start implementing it in staggered manner.

He said Rs.90,000 crore provided for by the government would be enough to ensure the implementation of the current subsidised food distribution system and the new food bill.

On the land bill, he said: "The cost of land acquisition will have to be built into the cost of the project it is acquired for."

Justifying the land takeover bill, he said "it delivers justice to those deprived of their land.

"The bill will strike for a balance. People will economise on use of land," he added.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter