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LATEST NEWS UPDATES | Balanced land bill in the offing: Jairam Ramesh- Urmi Goswami

Balanced land bill in the offing: Jairam Ramesh- Urmi Goswami

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published Published on Sep 26, 2012   modified Modified on Sep 26, 2012
-The Economic Times

Ahead of the first meeting of the Group of Ministers on the land bill, Rural Development Minister Jairam Ramesh has asserted that the proposed land bill balances the needs of economic growth with concerns of the common man.

In a note for the meeting scheduled for Thursday, Ramesh has argued that the existing Land Acquisition Act, 1894 shows little regard for those whose land is acquired. The note draws attention to the Supreme Court's observations to make a case for a more balanced legislation.

The bill will be discussed in the backdrop of a series of business-friendly measures and tough economic decisions such as the highest-ever increase in diesel prices, which evoked noisy protests and prompted coalition ally Mamata Banerjee to withdraw support to the government. The Congress-led UPA is keen to reach out to the aam aadmi. Prime Minister Manmohan Singh told the Congress Working Committee that his government's resolve would not falter when it comes to helping the poor and the weaker sections of the society.

The land bill provides the government an opportunity to showcase how it can give impetus to industrialisation and economic growth while protecting the interests of landowners and those whose livelihood depends on the land. Even as it pushes for more concessions, industry acknowledges that the current law has led to lengthy litigations resulting in unreasonable cost escalations. Government statistics reveal that 70 per cent of acquisitions are challenged in courts because of forced acquisition, absence of safeguards, appeals and rehabilitation and resettlement, indiscriminate invocation of the urgency clause and low rate of compensation.

Ramesh hopes to impress upon his Cabinet colleagues, particularly those heading infrastructure and industry portfolios, the necessity of putting in place a legislation that eases the bottleneck caused by litigations to industrial and infrastructure projects.

Explaining the balanced approach, Ramesh has touched on the thorny issue of state autonomy. States will have freedom to deal with key issues such as calculating compensation and acquiring multi-crop or irrigated land.

On compensation, the note clarifies there will be no enhancement of the market value of the acquired land in urban areas. The solatium or compensation to ameliorate hardship on account of acquisition will be raised to 100 per cent of the market value from 30 per cent. For rural land, the market value will be enhanced with a multiplier to determine compensation.While states will determine the sliding scale, the broad principle is that the multiplier will be higher for land away from urban centres. This should address fears that the law would make urbanisation exorbitant, presenting a hurdle for aspiring home owners.

The note reiterates the changes, which incorporated industry's key demands, to make the bill more investor-friendly. Steps like making the law prospective in application, reducing the consent required for acquisition from 80 per cent of all affected to two-third of the affected land owners, insulating the acquisition price from affecting all future market of value of land in the area.

The Economic Times, 26 September, 2012, http://economictimes.indiatimes.com/news/economy/policy/balanced-land-bill-in-the-offing-jairam-ramesh/articleshow/16550507.cms


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