Catch al the action happening in Indian politics..
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I think this is a good move by the government as it shows the government's intent to bring reforms. If opposition parties try to stall their passage in the upcoming budget session there is one more option when President can promulgate joint session of the parliament and get these bill passed. As NDA has enough numbers in the both houses to pass these bills irrespective of weak position in Rajya Sabha.
Whether its a Land Acquisition or Insurance Bill, both reforms are taken through Ordinance Route. Opposition is not willing to run the Parliament peacefully. Major reforms are pending and there is resentment among the investors about the govt. Insurance bill which was likely to go on the table couldn't be presented due to opposition protest. So now, govt has decided to put these bills through Ordinance Route. Bills passed through oridinance route are valid till next session of parliament and signature of President is required. There is the possibility that these bills may not get passed and hence Ordinance gets expired, its also gives a wrong signal to the investors. Investors may not have the trust on this and may shy away from investing due to the uncertainty. Initial benefits may not be seen but it will have greater impact by the positive message delivered by these.The good message is communicated that Govt is committed for reforms and they are going to do whatever it takes. There are lots of hue & cry for this like TMC Chief Mamata Banerjee has been crying foul over this and Land Acquisition Bill but that surely not going to help. At least, this signals us that we are scrolling to a new era of development.
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