NEW DELHI: The suspense over fate of the Ordinance that amended the Land Acquisition Act continued today, with Finance Minister Arun Jaitley saying the Cabinet will take a call on it.
"You will have to wait for the Cabinet to take a decision," he said at 'The Growth Net' event here.
The Cabinet, he said, "will take a call" on the entire issue.
The government in December last year had issued an Ordinance to ease rules for acquisition of land for industries and other projects. This Ordinance, as per rules, has to be converted into an Act within 6 weeks of convening of next Parliament session.
The Budget session of Parliament began on February 23 and accordingly the land Ordinance has to be converted into an Act before April 5, failing which it will lapse.
The option of repromulgating the Ordinance cannot be exercised as Parliament is still in session and it has only broken for a recess for reconvening on April 20. When the House is in session, the Ordinance cannot be reissued and to do so Parliament has to first be prorogued.
Asked if the Cabinet is going to take up the issue today, Jaitley said: "You will have to wait after the Cabinet meeting."
Talking about benefits of amendments to the 2013 law, Jaitley said it will help the rural India as industrial corridors will be set up across the country.
"...here there is an opportunity for us, at least for those states which wants to implement these provisions. And they cannot be stopped by those who do not want to implement these provisions.
"You cannot have a situation where one state says I will not grow and I will not allow others to grow. That is not an acceptable economic proposition," the Finance Minister said, while highlighting advantages proposed by the NDA government.