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Acquisition of land for
public utility shall always have social, economic and political repercussions
and it is not an exception now. Inspite of the fact that our country is
predominantly agricultural sector based, if our country need to grow, the
growth has to be from non-agricultural sector such as manufacturing and
services, for which there is no alternative other than to depend on the land to
provide much needed infrastructure development.
With this idea, Special
Economic Zones (SEZs) were created; however, this concept did not work out
effectively for obvious reasons, and there was a huge controversy over the land
acquisition, resulting in several projects coming to a standstill.
Recent studies reveal that
delays in land acquisition is threatening to endanger investments in near term
and may lead to create negative impact on our country’s economic growth, job
opportunities and tax collection.
In order to ensure that
the owner of the land under acquisition shall have a right to fair compensation
and the entire process will take place in a transparent manner, the Government
brought into existence the ‘Right to Fair Compensation and Transparency in Land
Acquisition Bill 2013”. In this, it is said to have features like compensation
for the owners to the extent of four times the market value in rural areas and
twice in case of urban areas, and it provides that consent of 80% of the
displaced owners is required in case of acquisition for private or public sector.
Even though these features appear to be attractive for the beneficiaries, there
are some other features associated with the bill, such as, no consent required
in case of acquisition for PSUs, and that the Government can temporarily
acquire land for three years and that there would be no provision for
rehabilitation and resettlement in such cases, etc.
No doubt this proposed Law
may be much advanced and fair replacement to the existing Law, but it is all
the more important to ensure that the proposed Law is properly implemented for
positive results.
Therefore, one has to wait
and watch over a period of time to understand whether the proposed Law will
really offer what it promised and will lay the road for fast track
infrastructure development or simply remain beating round the bush.
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