They are also entitled to interest on solatium, additional market value Farmers whose land is acquired for a public purpose are entitled to the highest market value as compensation, the Supreme Court held on Friday. “When the land is being compulsorily taken away from a person, he is entitled to the highest value which similar land in the locality is shown to have fetched in a bona fide transaction entered into between...
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Noida Land Acquisition row: Supreme Court notice to UP, Noida
-IANS The Supreme Court Friday issued notice to the Uttar Pradesh government on a petition by the farmers of Visrak and Patwari villages seeking restoration of their lands acquired by the Noida authority. The notice has also been issued to Noida authority. An apex court bench headed by Justice R.M. Lodha issued notice on the petition -- farmers have challenged the Allahabad High Court direction ordering two-third increase in compensation to farmers whose...
More »Arkavathy farmers unwilling to budge
-The Hindu Suspicious of BDA's track record, they continue their blockade of notified land seeking full compensation The Bangalore Development Authority appears to be facing a trust deficit as its officials attempt to pacify agitating farmers who have put a stop to the progress of the Arkavathy Layout. The project has not seen progress since March 21 when farmers blocked BDA officials from entering the notified land. In recent days, the BDA...
More »Land row stalls IIM construction-Santosh K Kiro
Nagri (Ranchi), April 25: A piece of land is valued either Rs 1.55 lakh or Rs 340.5 crore. Take your pick. If you recover from this shock, you can proceed to figure out who should get in part or full 227.71 acres at Nagri, 15km from Ranchi. Construction of IIM-Ranchi and National University for Study and Research in Law (NUSRL) campuses has halted after villagers refused to budge from the acres,...
More »Govt mulls new norms, tax sops to revive SEZ boom-Siddharth
NEW DELHI: It could be a second innings for special economic zones, especially those held up for years, with the commerce department proposing fresh tax concessions and a cut in the minimum area requirement to a quarter of the present specifications. The department has suggested that any zone that is not built around the identified 40 million-plus cities and state capitals would be eligible for duty benefits on capital investment for...
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