Land Bill will put greater stress on farmers, says Sitaram Yechury

Reiterating that the Land Acquisition Bill was not in the interest of the farmers in the country, CPI(M) Polit Bureau member Sitaram Yechury on Sunday said it would pave the way for acquiring one third of the cultivable land in the country.

“As per the Bill, one kilometre of land on either side of the national highways and railway lines can be acquired. It will result in acquiring one third of the cultivable land and put greater stress on farmers and drive them to suicide,” he said, while participating in a discussion on Union Budget organised by Vellore Institute of Technology (VIT).

Recalling how the amendments and improvements to the Bill suggested by the Left parties were defeated by the BJP and the Congress in 2013, Mr. Yechury called upon the Opposition to come together to oppose the Bill in the Rajya Sabha.

He said the real impetus for the growth of Indian economy could be achieved only by increasing the purchasing power of the people.

“Instead of making the investment easier for the rich and the corporate sector, the government should invest in infrastructure development and increase the buying capacity of the people,” he said.

Mr Yechury said India could be world leader only by changing the slogan Make in India into Make for India and converting the demographic advantages into assets and not as liability.

CPI MP D. Raja said while the priority of the Centre was to generate revenue and to ensure equitable distribution of wealth, both the Congress and the BJP governments had failed in their responsibility.

He said revenue could not be generated because corporate houses were allowed to enjoy all incentives in the form of tax concessions.

“The corporate tax in the budget has been reduced from 30 to 25 per cent and there is no wealth tax. This has led to a revenue forgone amounting to five lakh crore,” he said.

Mr. Raja said the Union budget was pro-rich and pro-corporate as the allocation for education, health and ST/STs had been drastically cut.

DMK MP Tiruchi N. Siva took strong exception to the proposal to divest the Public Sector Undertakings (PSUs) to the tune of Rs.69,000 crore.

Columnist S. Gurumurthy moderated the discussion. Chancellor of VIT University G. Viswanathan; former MP Era. Sezhiyan; Congress leader Americai Narayanan; BJP State president Tamilisai Soundararajan and AITUC general secretary T.M. Murthi were among those who spoke.

‘Real impetus for growth of Indian economy can be achieved only by increasing purchasing power of the people’

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Printable version | Oct 16, 2021 4:09:02 PM |

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