 "Vijay Kelkar")
Economic laws lose relevance after a few years and may also become a constraint for growth, chairman of the Thirteenth Finance Commission Vijay Kelkar said on Tuesday, pitching for a "sunset clause" for such statutes.
Kelkar, who has also served as the Union finance secretary, cited the Land Act and Rent Act while illustrating the constraints posed by laws which were revolutionary at some point of time.
"I see devastating effects... (we need) to build-in a sunset clause for many of our economic laws," Kelkar said.
He was speaking at an event to launch the Vidhi Centre for Legal Policy''s
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