-The Business Standard   Tension prevailed in the Posco project site in Orissa as the irate villagers on Thursday detained two officials, one from Posco and another staff of Industrial Infrastructure development Corporation of Orissa (Idco), who had gone to Noliasahi in Gadakujang panchayat for cutting of tress on the acquired land. They were later released after being held captive for about four hours. The officials, who had gone to the village without...

-Live Mint   Finally, a serious roadblock in the country’s march to industrialization may be removed soon. The Union ministry of rural development has unveiled a draft National Land Acquisition and Rehabilitation and Resettlement (LARR) Bill. Once a law, LARR could potentially end arbitrary land acquisitions under the Land Acquisition Act of 1894. Any well-functioning market gives clear signals and prices are market-driven. The 1894 law with its ill-defined “public purpose” clause...

The Mamata Banerjee ministry will not accept government role in land acquisition for the private sector even under the private-public partnership model, except in “specific and limited situations”, sources said after a cabinet meeting this evening. A “final decision” on the state government’s position on the draft National Land Acquisition and Rehabilitation and Resettlement Bill is still to be taken. Mamata asked the group of ministers led by Partha Chatterjee entrusted with...

The Centre is likely to ask states to devote 2% of the funds allocated to them under its flagship rural employment guarantee scheme for providing easy banking services to the rural poor. A funding crisis had hit the government's earlier effort to leverage the banking correspondent, or BC, model for the beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) after banks refused to bear the cost of...

-The Times of India   The unveiling of the draft National Land Acquisition and Rehabilitation and Resettlement Bill is better late than never. All over India, industrialisation and infrastructure are hobbled by land-related strife. Whether it's Singur in Bengal or anti-Posco protests in Orissa, such stirs are impeding development and spooking investors. Bringing in a set of predictable rules - any rules - is welcome in such a context. The Bill...