The Union Cabinet headed by weak PM Dr Manmohan Singh finally undertook three sets of decisions aimed at the broader agenda of revitalising the Indian economy.
The pre-existing Cabinet Committee on Investments (CCI) was created to fast-track clearances for projects requiring an investment in excess of INR 10bn under the leadership of the PM.
New Land Acquisition Bill – The proposed law, rechristened as the Right to Fair Compensation, Resettlement, Rehabilitation and Transparency in Land Acquisition Bill, 2011 was approved by the Cabinet but requires parliamentary approval before being deemed a law.
The new Bill requires the consent
Read moreGovernment’s Second Dose of Reforms – Committee on Investment, Land Acquisition Bill