Union Govt. To Introduce Land Acquisition Bill In Lok Sabha Today

11 May, New Delhi
The Land Acquisition Bill is being brought in Lok Sabha today, Monday with the government seeking to give another push to the measure despite not having the numbers in the Rajya Sabha.

The bill, which was passed by Lok Sabha in March this year, could not be taken up in the Rajya Sabha following which the related Ordinance had to be re-promulgated after proroguing the Upper House.

The government is also set to move the Undisclosed Foreign Income and Assets Bill or the black money bill in Lok Sabha today.

The bill provides for heavy penalties and imprisonment of up to 10 years for stashing unaccounted funds abroad. It will also provide a window to those with funds abroad to come clean by paying tax, interest and penalty.