This is a unique situation. For governments, development authorities, lenders and borrowers alike. On Wednesday, a Supreme Court (SC) Bench headed by Justice GS Singhvi upheld a verdict of the Allahabad High Court that quashed acquisition of 176 hectares of land from farmers in Greater Noida stating that the authorities were “sub-serving” private builders in the name of public interest. Land purchased from the government was always considered ‘clean’. This verdict,...
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100% mining royalty for the displaced in the draft Mining Bill, feels Pranab Mukherjee led panel
-The Economic Times A group of ministers formed to approve the draft mining Bill, has agreed to earmark 100% of the royalty paid by major mineral mining companies , to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday , also agreed to earmark 26% of the profit made by coal mining companies, in favour of people directly affected ,...
More »High Court stays another land acquisition by Pragya Kaushika
A day after the Supreme Court upheld the Allahabad High Court order quashing state acquisition of farm land in Shahberi, farmers of other villages that make Noida Extension announced they too would move court against acquisition of their land by the government. This is likely to put a spanner in the works of major building projects already underway in the area. At a panchayat in Bisrakh village on Thursday, residents of...
More »Most farmers will not give up land for Posco by Manu Aiyappa
The groundswell of public opinion is firmly against South Korean steelmaker Posco. Of the 536 farmers whose lands are to be acquired for the proposed Rs 32,000-crore integrated steel plant, 365 have said a clear 'no' . Just 25 farmers have agreed to hand over land provided they are paid a Compensation of Rs 25 lakh per acre. The proposed Compensation could be between Rs 4 lakh and Rs 8...
More »POSCO: take land but give life by Sunita Narain
The sight on television was heartbreaking: children lying in rows in the searing sun to be human shields against the takeover of their land for Korean giant POSCO’s mega bucks project. Facing them were armed police sent by the state government to assist in the operation. The steel plant and port project, located in a coastal district of Odisha, has been in a six-year-long eyeball-to-eyeball battle with people whose land will...
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