The government on 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 on 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.
-IANS
Parimatch Betting Company is one of the most famous online sports betting companies in India.…
The history of gambling spans thousands of years. Various kinds of gambling were chronicled in…
Gambling entertainment has attracted people since ancient civilizations. Today, the range of casino games is…
Photo by michael weir on Unsplash The country is an athletic and economic powerhouse and…
Cyber attacks are the biggest concern, after the increasing scams, and spam has diversified to…
Irrespective of being men or women, both are found to spend good time in the…