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High compensation = high property prices by Devesh Chandra Srivastava

Draft Bill on land acquisition pegs compensation on market value but how government agencies will reach this value remains a concern In response to farmers’ agitation in the last few years over faulty land acquisition and poor compensation—the Tata-Singur fiasco in West Bengal, Posco in Orissa or the recent farmers’ agitation in Noida—the ministry of rural development is planning to replace the archaic Land Acquisition Bill, 1894. It has come up...

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The proposed legislation can sprout trouble by Bhavdeep Kang

Union Agriculture minister Sharad Pawar’s made a last-ditch effort to win support for his controversial Seed Bill, 2010 by calling an all-party meeting in Parliament earlier this week. He was candid about the fact that this legislation tops his “must do” list. But the Opposition — supported by a section of the Congress—weren’t having any of it. “The proposed bill is not only anti-farmer but also brazenly favours multinationals in the...

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Money doesn’t make the landowner fonder by EAS Sarma

The country’s first legislation on land acquisition, rehabilitation and resettlement is out as a first draft. Here is a sharp critique of the bill THE GOVERNMENT has made public the new Draft National Land Acquisition and Rehabilitation & Resettlement Bill, 2011, which FW has run in these columns over three days. This is what I think of it. In terms of the definition of public purpose, the Bill is more colonial...

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Majority of farmers unaware of fertiliser MRPs: CAG

-The Hindu Business Line   Over 56 per cent of Indian farmers are not aware about the maximum retail prices (MRP) of fertilisers they buy, while 45 per cent fork out more than the MRP and 59 per cent face problems in getting their season's full requirement in time. These are the startling findings of a countrywide survey of 5,498 farmers conducted by field audit teams of the Comptroller and Auditor General...

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Dual pricing for diesel under study by Sujay Mehdudia

Plan to levy market rate on owners of luxury cars Faced with growing diesel consumption and rising under recoveries, the Union government on Thursday said it was working on “dual pricing of diesel” wherein luxury car owners could be asked to pay the market rate and subsidised diesel restricted to farmers and the transport sector. “These proposals are being considered by the Finance Ministry,” Petroleum and Natural Gas Minister S. Jaipal Reddy...

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