ok Sabha on 10 March 2015 passed the Land Acquisition (amendment) Bill, 2015 by voice vote.

The bill
amends the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and
Resettlement (RFCTLARR) Act, 2013.
The Land Acquisition (amendment) Bill seeks to ratify an ordinance or emergency executive order which
was passed on 29 December 2015.
Before being passed the Union Government made nine amendments in the Bill (more than 50 were proposed)
which was promulgated on 29 December 2014. But it refused to bring back the consent clause or social impact
assessment.
Nine amended provisions which were accepted includes
Removed exemptions for Social Infrastructure Projects in public-private-partnership mode
Land that will be acquired for industrial corridors will be limited to one kilometre on either side of highways
and railway lines
Compulsory employment will be provided to one member of a farming family that is selling its land
A hassle-free grievance redressal mechanism of land losers will be put in place
Farmers may get right to appeal/complain over land acquisition hearing and redressal of grievances at the
district level
Ceiling on land for acquisition in industrial corridors
Panchayat's nod may be mandatory for acquiring tribal land
Government may acquire land for government bodies, corporations
Term private entity was replaced with private enterprise
Comment and Analysis
The Bill that replaces the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and
Resettlement (RFCTLARR) Act, 2013 saw debates and protests across the country since the time the
ordinance related to it was passed. The main point that raised protests was the removal of the consent clause
or social impact assess

Why are we talking about GST Bill? GST Bill was passed in Lok Sabha on 6 th May 2015. As an MBA Aspirant
you should know why is it important? How will it affect a common man and the Indian Economy? Let us try and
answer these questions here for you.
Background: Goods & Service Tax (GST) is a Value added Tax (VAT). It is being planned that, GST will
replace all indirect taxes levied on goods and services by the Indian Government.
Need of GST Bill:
Currently Indian economy has various taxes on goods and services such as VAT, Service Tax, Excise duty etc.
taken at various levels. Now as per the new proposed GST system; there will be only two taxes on all goods
and Services as follows:
a. State Level GST(SGST)
b. Central Level GST (CGST)
What all will come under SGST and CGST?

It is planned that CGST will include the following taxes which were levied separately until now:
1.

Central Excise Duty

2.

Additional Excise Duty

3.

The Excise Duty levied under Medicinal and toiletries preparation Act

4.

Service Tax

5.

Additional Custom Duty (CVD)

6.

Special Additional Duty

7.

Surcharge

8.

Education Cess and Secondary and Higher Secondary education Cess

SGST will imbibe the following State Taxes:

1.

VAT/ Sales Tax

2.

Entertainment Tax (unless it is levied by local bodies)

3.

Luxury Tax

4.

Tax on lottery

5.

State Cess and Surcharge related to supply of goods and services.

Main benefits of GST Bill:

GST Bill will lessen down the disparity between taxes of different states.

It might increase the revenue which Indian government gains through taxes.

It will definitely help the common man by reducing the burden of multiple taxes.

Tax administration and tax compliance will become far easier.

If the benefits are passed on fully, for a common man, this could mean 25%-30% reduction in the
prices.
Current draft of GST Bill has kept the Compensation clause in it which means, State governments will get
compensation for 5 years for the loss they incur.
Overall, GST Bill is certainly a good and positive move. Hopefully it will get passed in both the houses of Indian
Parliament and implemented soon for the greater good of the country people.