 "FM pitches for GST, land bill passage to boost investment, growth")
“The latest data suggest that the investment cycle is slowly turning around and stalled projects are being unblocked at a faster pace. Passing the GST and reforming the land law will accelerate this investment turnaround,” he said in his Facebook post.
Jaitley’s appeal for passage of the GST and land acquisition Bills comes against the backdrop of the Lalit Modi row that has snowballed into a major controversy involving two senior BJP leaders. The monsoon session of Parliament begins on July 21.
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With the Congress sticking to its demand for the resignations of External Affairs Minister Sushma Swaraj and Rajasthan Chief Minister Vasundhara Raje, the nearly four-week long session of Parliament, scheduled to last till August 13, is likely to be stormy. While the Goods and Services Tax Bill is being scrutinised by a select committee of the Rajya Sabha, the land acquisition Bill is being discussed by the joint committee of Parliament. Both the committees are expected to submit their reports at the beginning of the next session.
“...the government is creating the conditions for greater private investment: implementing the GST and creating a common market, reforming the land law, easing the costs of doing business, and unblocking stalled projects are all measures that will improve the conditions for investment,” the Minister said.
The data revealed that one out of three families living in villages is landless and depends on manual labour for livelihood.