The BJP-ruled states have urged the Central government to repeal the "anti-industry, anti-development and anti-farmer" Land Acquisition, Rehabilitation and Resettlement Act, 2013.
Category: ECONOMY & POLICY
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India, China sign three MoUs
India and China signed three key MoUs, including one on industrial parks and flood data of Brahmaputra river, coinciding with the visit of Vice President Hamid Ansari.
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Bengal aims for 10 per cent growth
The West Bengal government is aiming for a state domestic product (SDP) growth of 10 per cent, twice the economic growth of the entire country, according to the state finance minister Amit Mitra.
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APSEZ dry bulk terminal at Tuna Tekra
Adani Ports & SEZ (APSEZ) will commission its dry bulk cargo handling terminal at Tuna Tekra in record time by December 2014. According to the company officials, it will be a game-changer for exim trade of the north-west hinterland
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Sri City bags SEZ award
Sri City, South IndiaĆĀ“s largest Integrated Business City, has been adjudged the ĆĀ“Best Multiproduct Special Economic Zone in South IndiaĆĀ“ at 'South East CEO Conclave wards-2014 (SECC)', held in Chennai, organised by EXIM India.
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Urban Development Minister assures all possible assistance for expediting projects in Odisha
The Chief Minister of Odisha, Naveen Patnaik met M. Venkaiah Naidu, the Union Minister of Urban Development, Housing and Urban Poverty Alleviation (HUPA) and Parliamentary Affairs in New Delhi on June 3, 2014. M. Venkaiah Naidu assured the Chief Minister all possible help and cooperation of his ministry in the implementation of the projects. The Minister also mentioned that any pending release of funds to the State will be expedited.
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Land acquisition and inclusive development
Though the 2013 Act aims at achieving a delicate balance between the interests of the various stakeholders, the new concepts introduced have raised new concerns and a question still remains as to how several of these laudatory measures will be implemented.
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Large scale infrastructure projects & the Act
The new legislation has showcased the fact that land is a scarce resource. The key learnings from the implementation of the Act will help in improving future legislation in this crucial area in the coming years.
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Petronet LNG may drop Kerala project
Petronet LNG has said it may have to drop the LNG pipeline project in Kerala if outstanding procedural issues are not dealt with in a time-bound manner. According to AK Balyan, MD and CEO, the target was to complete the project by 27 May. Even assuming that the Puthuvype terminal operated at only 30 per cent, it would still earn the state Rs 900 crore to Rs 1,000 crore annually.
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Minister for fast clearances of infra projects
The new Environment Minister Prakash Javadekar promised 'fast clearances' to infrastructure projects in a transparent manner and launched a process for transparent environmental clearance. After assuming charge as Minister of State (Independent) for Environment, Forest and Climate Change, he also said that he would take effective measures to conserve ecology.