FM Arun Jaitley meets investors to clear confusion over Land Bill

In the past two days the finance ministry has engaged in several high-level meetings to boost investments in the infrastructure sector and to secure more liquidity into the capital markets. On Tuesday finance minister Arun Jaitley convened a meeting on the Land Acquisition Bill and met about two dozen real estate investors and mutual fund managers to discuss the bill.

The finance minister interpreted the Land bill, 2013 for the investors who have not started putting money into the markets over the confusion arising out of the government’s retreat on the NDA’s Land Bill.

Jaitley reportedly told investors that the new bill moved by the NDA is before the select committee of Parliament. When the NDA government came under pressure in Rajya Sabha and could not muster majority to pass the Land Bill and even the Ordinance was allowed to lapse under political compulsion, the legal experts of NDA found that the UPA bill has the escape route to attract investors without flouting the rules.