Exasperated with the public perception of its role, the Indian government appears keen to somehow abdicate its key sovereign function of making land available for economic development by dumping it on the private sector. This is wrong. The maintenance of up-to-date land records, the scientific identification of tracts for a shift from agricultural to non-agricultural uses and the smooth transfer of land assets are the functions of the sovereign. The...
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RDM proposes more equitable deal for landowners; realtors may have to share 80% profits by Devika Banerji & Ravi Teja Sharma
The rural development ministry has proposed that farmers should get 80% of the profits from resale of land bought from them for development, much higher than that suggested by a Sonia Gandhi-led panel. The National Advisory Council had pegged the compensation after resale at 25% of the profits made by private developers. The proposal, aimed at giving farmland owners a better deal, follows protests in Uttar Pradesh's Greater Noida last month over...
More »Economists write to Sonia on Food Bill by Sanjeeb Mukherjee
Eminent economists have shot off a letter to National Advisory Council (NAC) Chairman Sonia Gandhi to ensure that the proposed Food Security Bill is quite comprehensive and excludes only a few rich people. They also want Sonia to get the Bill legislated in such a way it is not based on the current public distribution system (PDS) for all times to come as direct subsidy transfer could also be an...
More »The great land grab by Venkitesh Ramakrishnan
The farmers' agitation in Uttar Pradesh brings into focus the indiscriminate acquisition of land by the state for corporate-led development. ON May 19, three days before the formal observation of the second anniversary of the United Progressive Alliance government, Congress president and UPA chairperson Sonia Gandhi made a categorical announcement that in the monsoon session of Parliament scheduled to begin in July the ruling coalition would bring in legislation that...
More »For a sensitive law by V Venkatesan
The 117-year-old Land Acquisition Act cries out for reform, but there is resistance to introducing positive changes. The Land Acquisition (Amendment) Bill, which seeks to amend the Land Acquisition Act, 1894, has had a long period of gestation. The Union Ministry of Rural Development initiated the process of amendment way back in October 1998. But it took around 10 years for the government to bring the Bill before Parliament. The 1894...
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