""

CII Vies Safe Passage Of Land Bill As A Remarkable Move India Is Still To Witness

Sumit Mazumdar, president of the Confederation of Indian Industry (CII), is of the opinion that the proposed law is not against the farming community in any manner. The bill is a practical solution to the problems faced by industrialists in India when they want to expand their business domain. A new era of reforms is about to be ushered in thanks to the land bill. A failure to get the bill passed is only paving the way to hampering investments in land.

If the land bill sees the light of the day in the format proposed by the NDA regime at the helm  of affairs at the Centre, there is going to be more and more rural infrastructure. Avenues for farming are to be increased by virtue of the bill. Farmers are going to be rewarded handsomely if they are to part with their land in consonance with the tenets of the proposed legislation.

CII applauds the exemption of consent for acquisition of land for key projects. The industry body is in favour of the clause that encourages farmers to exchange their land in return for a good compensation. Government and private bodies are going to find it a lot easy to acquire land for development purposes.

Rural infrastructure is going to be promoted by the passage of the bill. More and more industries are going to come up in rural areas. This is going to generate a lot of employment opportunities for those living in rural areas. The Indian economy has come out to be the fastest growing economy in the world. The CII puts a growth rate of 7.8 to 8.2 percent in the current fiscal year.

 

 

Latest Articles
What is bot (Do Not Pay)?

What is bot (Do Not Pay)?

Since its launch in March 2016, the Do Not Pay bot has challenged over 160,000 parking tickets. The bot, created by British teenager Joshua Browder, has proved successful and has gained a lot of media press. This popularity seemed to be a bit unexpected by the bot’s creator. "I'm very…

Massachusetts attorney general’s investigation is political says Exxon

Massachusetts attorney general’s investigation is political says Exxon

Four things that are illegal if you visit Dubai

Four things that are illegal if you visit Dubai

What you should know about shoplifting

What you should know about shoplifting

Is a handwritten last will & testament legal?

Is a handwritten last will & testament legal?

Tennessee Law

Tennessee Law

Prosecutors drop charges against officers who killed Freddie Gray

Prosecutors drop charges against officers who killed Freddie Gray

Freddie Gray was charged with illegal possession of a switchblade when he was arrested. While being transported in the police van he fell into a coma; later the cause of his death was ruled a trauma to his spinal cord. The incident took place on April 12, 2015. The autopsy report states that there…

Florida’s New Concealed-Carry Law

Florida’s New Concealed-Carry Law

What you need to know to legally change your name

What you need to know to legally change your name

What Is a Living Will?

What Is a Living Will?

How to apply for legal aid

How to apply for legal aid

What Is An Assault & Why You Need An Experienced Defense Attorney

What Is An Assault & Why You Need An Experienced Defense Attorney

News Gallery
The Spot Light