"I personally feel that we probably require a permanent tribunal rather than a tribunal which on and off takes up water dispute. So probably in a country like India, (we) require one tribunal which deals with all these disputes and also has some amount of expertise in the members of the tribunal," Jaitley said at an event here.
He was speaking at the launch of the book 'Inter-State River Water Disputes Act' by senior lawyer K K Lahiri.
"In terms of election agenda, I think once you implement them, they raise very serious economic concerns which then translates into political and emotional concerns. And nobody is willing to let go off water."
The Ganga river itself impacts the economy of 40 per cent of India's population, he added.
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Jaitley said what at times appears to be only legal disputes pending in courts, eventually end up impacting the lives of millions of people.
It ended the dry region of Kutch. It took that state to a double digit of agricultural growth, it ended the power problem, he said.
He also said that the fastest returns always comes by irrigation as it starts giving benefit by as early as the next year.
"Therefore at the end of the day we need to use our entire resource and once we are able to give a comfort level to the agrarian community that its economic interests are not going to be impacted as its attachment to the water is almost as strong as its attachment to the land," Jaitley said.