Finance Minister P. Chidambaram presented the Interim Budget 2014 on Monday. Here are some important excerpts from his speech:
1. 12.8 lakh land titles covering 18.80 lakh hectare were distributed under the Scheduled Tribes and Other Traditional Forest Dwellers Act.
2. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act was notified on 1.1.2014, finally putting to rest an oppressive colonial law of 1894.
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3. The National Food Security Act was passed assuring foodgrain to 67 percent of the population.
4. The new Companies Act replaced a law of 1956 vintage.
5. The PFRDA Act was passed placing the New Pension System on a statutory basis and establishing a statutory regulator.
