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Real Estate bill on top for budget session

However, BJP still trying to garner support for GST Bill

Policy Pulse
Publish Date: Feb 27 2016 1:23PM | Updated Date: Feb 27 2016 1:23PM

Real Estate bill on top for budget session

 The Narendra Modi Government has flagged the much-delayed Real Estate Bill as a "priority" bill to be passed in the ongoing Budget session of Parliament. 

 

According to sources, the government has indicated it as a "priority" Bill and once it sees Parliament functioning normally it would push it in Rajya Sabha. 

 

The government is reaching out to non-Congress parties to push through the legislation, which has passed the scrutiny of a parliamentary committee. 

 

The Bill had been referred to a select committee, which had given its report in July last year. However, Congress, Left and AIADMK had expressed their reservations on the report through dissent notes. 

 

Seeing stiff opposition right till the select committee, the government had formed an informal group of ministers (GoM) to formulate a politically-acceptable Bill. The ministry of housing and urban poverty alleviation, the ministry spearheading the Bill, accepted all the changes suggested by the select committee and the Cabinet gave its approval with further amendments on December 9 .

 

With these changes, the BJP government has even accepted suggestions made by Congress. 

 

At present, the government faces the challenge of getting it first passed in Rajya Sabha and then take it to Lok Sabha. This would need a lot of political manoeuvering as the MPs would demand a debate on the Bill in both houses.