The Land Acquisition Bill has been moved for consideration and passing in the Lok Sabha today
The Land Acquisition Bill was moved for consideration and passing in the Lok Sabha on Thursday.
Rural Development Minister Jairam Ramesh, while moving the Bill, said that it aims to lay down a transparent process for land acquisition for industrialisation, development of essential infrastructural facilities and urbanisation by giving adequate financial compensation to the affected people.
Ramesh also said the Bill will also have provisions to associate affected families with development activities.
Meanwhile, while the Minister was submitting the bill in Parliament, opposition members demanded answers from Prime Minister Dr. Manmohan Singh on the economic meltdown in the country.
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In spite of repeated appeals from the Chair, the agitation continued after which the House was adjourned till 2 p.m.
The House has been adjourned three times today on the deteriorating financial climate in the country.
Parliamentary Affairs Minister Kamal Nath, however, said that the government was working round the clock to come up with a solution to counter this slowdown.
"There is no doubt that this is a very serious subject. The government is having discussions about the state of the economy so that we can find a solution to this problem," he said.
Prime Minister Dr. Manmohan Singh today said it cannot be denied that the nation is facing a difficult time, and attributed the present economic situation to several domestic and international factors.
Dr. Singh, who was responding to demands by several opposition members in the Rajya Sabha, said the situation in the US and the tensions in Syria have inevitable consequences on the oil prices.
The Prime Minister will make a statement in Parliament on Friday on the country's economic situation.
The rupee today recovered from its all-time low of 68.75 to the dollar, rising 170 paise to Rs. 67. 10 against the dollar in early trade.
