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LATEST NEWS UPDATES | Is Land Acquisition the prime reason for stalling of Projects? Data says ‘No’

Is Land Acquisition the prime reason for stalling of Projects? Data says ‘No’

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published Published on May 2, 2015   modified Modified on May 2, 2015
-Newslaundry.com

According to the data provided by the Ministry of Finance in reply to an RTI application, only 8% of all the stalled projects are because of Land Acquisition reasons. The reasons for 1/3rd of the stalled projects are not known.

The amendments to the Land Acquisition act (Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act) are being touted by many in the Government as a game changer in triggering growth. It is also being publicized that Land Acquisition has been stalling projects and hindering growth & investments. The Economic Survey 2014-15 also has a special chapter dedicated to stalled projects where it talks in detail about stalled projects. The details of such projects were not annexed to the report.

RTI activist Mr. Venkatesh Nayak filed an application under the RTI with the Ministry of Finance seeking details about these stalled projects like location, type of project, ownership (Public/Private), reasons for stalling of the project etc. The Ministry replied promptly with all the details about the 804 projects that are stalled as of February 2015.

Please click here to read more.

Newslaundry.com, 1 May, 2015, http://www.newslaundry.com/2015/05/01/is-land-acquisition-the-prime-reason-for-stalling-of-projects-data-says-no/#.VURM4zRQlVc.facebook


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