NEW DELHI — Prime Minister Narendra Modi's cabinet has decided to extend the budget session of the Lok Sabha by three days until May 13 to try passing bills that can lead to faster reforms and higher investment.
On top of the government's agenda is the Land Acquisition Bill, which faces considerable hurdles in the Rajya Sabha. Other important legislation includes Black Money Bill and Real Estate Bill, which seeks to regulate the unorganised land property sector.
The development is on expected lines, after parliamentary affairs minister M Venkaiah Naidu had asked Bharatiya Janata Party members to be prepared for an extension of the session beyond Friday.
The Land Bill might still not pass this time round, as the government might send it to a joint panel of MPs to meet a key opposition demand. It is yet to be tabled in the Lok Sabha.
The Anti-Corruption Amendment Bill — that seeks to raise penalty for corruption to seven years from the current five — might be among bills that benefit from the extended timeline and are passed in both houses.