THE NEW

With the Congress opposing any change in retrospective clause of the Land Act brought in by the UPA in 2013, the Joint Parliamentary Committee examining the proposed amendments in the Act will now be able to submit its report only in the Winter session of Parliament. While this gives a moral victory to the Congress and other Opposition parties, economists say that the delay is unlikely to have much impact on the overall economic situation. Madan Sabnavis, chief economist, CARE Ratings, said that while the Bill per se will not have any effect on the economy, which was growing even in the absence of Land Act 2013, it “will certainly help in improving the sentiments for investments in the country”. “If the Land Bill is delayed and status quo maintained, there will be no adverse effect. However, if the Bill is passed it will certainly give an impetus to the overall economy,” he said adding that with the private sector operating at a capacity of 70-80 per cent, there is no urgency in