India Inc hopes CCI works, land Bill clears House
This has clearly disappointed Vinayak Chatterjee, chairman of Feedback Infra. “The CCI does not have overriding powers. The power still lies with the line ministries and, therefore, if the line ministry says no, this body cannot override the decision nor can it entertain an appeal. The appeal has to be made to the line ministry,” he said.
On land acquisition, Chatterjee said more clarity is required though the effort is laudable. “In terms of provisions, I personally welcome the government trying to get its hands around a very difficult subject called land acquisition. However, there are two aspects of fine print which I am still unclear about. The first is the entire implementation of the resettlement and rehabilitation (R&R) package. The second issue is public purpose. Within the infrastructure sector, we have got government infrastructure and we have got public-private partnership (PPP) infrastructure. I am not clear where public purpose will fall in,” he said.
Rahul Bajaj, chairman, Bajaj Auto, expressed optimism. “I have not seen the details of the announcement. I only hope that this committee will take a decision if required by overruling individual ministry and not just coordinate between ministries. Hope the recommendations of the Cabinet Committee on Investment will be accepted by the Cabinet,” he said.
RC Bhargava, chairman of Maruti Suzuki India, offered a nuanced view. “It is the laws which needs to be looked at. If the laws state that such and such clearances are required before according a final approval
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