Govt likely to bring ordinance to change Land Acquisition Act?
The government plans to exclude 13 central laws to clear several infrastructure and Public Private Partnership projects, said reports.
With the Winter Session of the Parliament failing to pass the crucial insurance Bill due to frequent disruptions in the Upper House, the Union Cabinet had earlier cleared an ordinance to raise the cap of Foreign Direct Investment (FDI) in the insurance sector.
The Cabinet had approved promulgation of an Ordinance to hike Foreign Direct Investment (FDI) cap in the insurance sector to 49 percent from the existing 26 percent.
"Ordinance in insurance has already faced a long delay. The country cannot wait if one of the Houses takes a long time to take up its agenda. The Cabinet approved the ordinance on guidelines for methodology for auction of coal mines for power and other sectors," Union Finance Minister Arun Jaitley had said.
The Union Cabinet had also cleared the ordinance for implementation of coal reforms.
It had approved re-promulgation of an Ordinance to facilitate e-auction of coal blocks for private companies for captive use and allot mines directly to state and central PSUs.
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