The Calcutta high court upheld the Singur Land Rehabilitation and Development Act on Wednesday, saying that it was within the powers of West Bengal’s legislators to impose such a law, rejecting the challenge by Tata Motors Ltd over the seizure of land that was meant for its Nano factory. Justice I.P. Mukerji said in the judgement, however, that the Hooghly “district officials have exceeded their powers in taking possession of the...

Mamata Banerjee won big on two fronts today. She won a legal battle against Ratan Tata that's centred on the land allotted to him in Singur. She also won her assembly by-election from her constituency of Bohwanipore by nearly 50,000 votes. She was earlier an MP. Her legal victory was declared first this morning. The Calcutta High Court ruled that the Singur Land Rehabilitation Act is constitutional and valid. The Act...

The government is mulling a raft of incentives for special economic zone developers to encourage them to move away from urban centres and focus on economically backward regions. A senior official in the commerce ministry said SEZ developers might get wider tax concessions if they build economic hubs in underdeveloped areas. The government may also lower the minimum area ceiling to ease land acquisition by them, the official said. These incentives...

The World Bank has suggested sale of excess public land in Indian cities to fund infrastructure projects. Collaborating with the India Development Foundation and the Public Private infrastructure Advisory Facility , the World Bank has formed a steering committee headed by Vijay Kelkar, chairman of the 13th finance commission, to formulate a proposal on monetizing excess public land. Earlier this month, the bank's India director Roberto Zagha Patricia Annez met stakeholders,...

-The Economic Times   The Planning Commission has raised questions about the administrative structure of the Nandan Nilekani-led Unique Identity Authority of India (UIDAI) and called for the appointment of an independent financial advisor to monitor its finances and transactions, days after the finance ministry rejected the authority's Rs 15,000 crore funding proposal. "The UIDAI's present system represents a major departure from government procedures and removes all inbuilt checks and balances. We...