The brouhaha over the land ordinance has touched new heights owing to Prime Minister Narendra Modi’s recent take on the same.
In his Mann Ki Baat address on radio on the 30th day of August, Modi conceded to the lapse of the highly contentious land ordinance, adding that the Land Acquisition Rehabilitation and Resettlement Act 2013 would persist but with a slight tweak, that is, it would capsulate 13 points that would ensure the economic benefit of the farmers( the inclusion of the 13 points in the land acquisition act would lead to exemptions of sectors like atomic energy, railways, mines, ancient monuments and so on).
Further, he also expounded that his response was in wake of the misinformation being spread by the opposition parties regarding the land ordinance, “My farmer brothers and sisters, my farmer should not be misled and should never be in fear. I do not want to give any opportunity to anybody to create fear among farmers and mislead them.”
Endorsing the stand taken by the de-facto head of the state, MJ Akbar, a BJP spokesperson told NewsGram.com , “The Prime Minister hasn’t retrieved his stand, the very fact that he would ensure the inclusion of 13 points encapsulates his intent to render a pro-farmer change in the Land acquisition act 2013.”
However, Modi’s recent take has been conceived as a sheer exemplification of political opportunism. With the Bihar assembly polls knocking at the door and opposition parties bracing themselves up for the forthcoming elections, Modi’s retrieval seems to be a timeserving decision that would ensure BJP’s firm ground in the state.
According to a report in the Firstpost, the NDA in a bid to pocket a lump sum number in the Rajya Sabha is trying hard to crack the upcoming Bihar assembly polls. Owing to the fact that MLAs have a considerable role to play in the selection of MPs to Rajya Sabha, BJP requires a strong ground in states like Uttar Pradesh, Bihar and West Bengal. Therefore, the BJP led NDA government is playacting its best to garner public attention and support.
“Modi’s retrieval of the bill was owing to the increasing criticism they garnered because to its anti-farmer nature. The Land bill 2013 which was passed during the UPA rule was unanimously supported by all the political parties; however it was owing to BJP’s nexus with the corporates that the present government wanted to amend the Land Act 2013,” sounded out Asish Dua, Congress’s media coordinator in an interview with NewsGram.com.
He further added, “The lapse of the land ordinance marks the triumph of democracy over the perils rolled out by the Modi government.”
Besides, the Prime Minister is terming the new development as a pro-farmer scheme, the defeat of his party is seeable enough. The 13 points or rather acts of which the leader has been constantly harping on is nothing less than a reiteration of clauses which were a part of the Land Act 2013. The scope to increase the radar of compensation under the 13 points schemes was always there- which the new found government kind of overlooked in their attempt at overhauling the Land Act.
“The 13 points which Narendra Modi has been talking of had already existed in the Land bill 2013, it had to get notified by the 31st of December 2014. However, the ruling government didn’t notify the same in order to push forth their agenda of overhauling the act. Now they are taking all the credit of endorsing the 13 acts which is factually incorrect because it was the UPA-2 government that had actually earmarked the same,” said Dua.
The major fact which remains dubious is the way Modi has been feigning his pro-farmer stance despite being aware of the fact that the land ordinance- if it would have been successfully passed in both the houses of the parliament- would have diluted the crucial provisions of mandatory consent and social impact assessment.
Adhering to the ideas fleshed out by a report in thewire.in, since the political juggernaut came to power, he has been overwhelmingly appreciated by the global finance capital community, owing to which it became all the more necessary for the leader to dole out an easy Land Acquisition act in order to garner foreign investments and land.
Therefore, mulling over the varied tenets, one needs to realize that though Modi has been conniving enough to prevail over his emissaries till this date, but his makeshift decisions exemplify the jitteriness permeating him and his party; they essay the vulnerability that the party is nibbling on in order to consolidate its stand in the Indian political milieu.
Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash came back into the financial system, Resever Bank of India has announced, indicating the move did little to slow the underground economy.
Prime Minister of India, Narendra Modi’s currency decree, which was designed to destroy the value of billions of dollars in untaxed cash stockpiles, caused an economic slowdown and months of financial chaos for tens of millions of people or demonetization.
Modi announced in a November 2016 TV address that all 500-rupee and 1,000-rupee notes, then worth about $7.50 and $15, would be withdrawn immediately from circulation. The banned notes could be deposited into bank accounts but the government also said it would investigate deposits over 250,000 rupees, or about $3,700. The government eventually released new currency notes worth 500 and 2,000 rupees.
In theory, the decree meant corrupt politicians and businesspeople would suddenly find themselves sitting on billions of dollars in worthless currency, known here as “black money.”
“A few people are spreading corruption for their own benefit,” Modi said in the surprise nighttime speech announcement of the order. “There is a time when you realize that you have to bring some change in society, and this is our time.”
But even as the decree caused turmoil for those in India who have always depended on cash — the poor and middle class, and millions of small traders — the rich found ways around the currency switch. In the months after the decree, businesspeople said that even large amounts of banned currency notes could be traded on the black market, though middlemen charged heavy fees.
The reserve bank of India report said in its Wednesday report that 99.3 percent of the $217 billion in notes withdrawn from circulation had come back into the economy. Some officials had originally predicted that number could be as low as 60 percent.
“Frankly, I think demonetization was a mistake,” said Gurcharan Das, a writer and the former head of Proctor & Gamble in India. He said that while it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.
“You can’t overnight change that in a country which is poor and illiterate. Therefore, for me it’s not only an economic failure but a moral failure as well,” Das said. (VOA)