-The Business Standard   A major blow was delivered to the National Advisory Council’s capacity to intervene in decisionmaking by the government with the Ministry of Rural development sticking to the formulation that if a private company wants to set up industry, it must buy 70 per cent of the land itself. All that the state government will do is buy for the investor, 30 per cent of the land, that...

-The Business Standard   Political rhetoric dominated the Federation of Indian Chambers of Commerce and Industry (Ficci) annual executive committee meet today, even as two key faces of Mamata Banerjee’s administration reiterated the government’s stance of not acquiring land for industry. “Under no circumstances will the government acquire land for the industry,” Partha Chatterjee, West Bengal’s commerce and industries minister told the industry body. Also present at the event was state’s finance...

The Union rural development ministry has retained in the draft of an amendment a partial government role in land acquisition for private investors, vetoing the diametrically conflicting views of Mamata Banerjee and a panel headed by Sonia Gandhi. The draft finalised by the ministry to amend the Land Acquisition Act has stuck to the 70-30 formula under which the private investor is expected to buy at least 70 per cent of...

Land is contentious. With urbanisation and demand for non-agricultural use, coupled with lack of employment and skills for those in small-holder and subsistence-level agriculture, this is understandable. In western Europe, especially in Britain, and more especially in England, land markets were freed up before the Industrial Revolution and access to education and skills became more broad-based. We haven't introduced reforms that enable people to move out of agriculture, or diversify...

The Orissa government suspends the land acquisition for the Posco project in the face of stiff opposition from the people. SIX years ago, when the South Korean steel giant Posco arrived in Orissa with the biggest ever foreign direct investment that had come the country's way, it was expected to help rid the economically backward State of its ‘poor' tag and bring prosperity. Posco had won the $12 billion deal at...