Steering clear off the debate regarding the government's role in land acquisition, the draft National Land Acquisition and Rehabilitation & Resettlement Bill, 2011, offersland owners a bigger share of the rewards ofindustrialisation and urbanisation. The draft bill, which has been put in public domain, proposes a liberal compensation and award package for land owners that includes a subsistence allowance of 3,000 per family per month for a year, annuity of 2,000 per family per month for 20 years, 20% of the appreciation in value of land during each transaction for 10 years, and mandatory employment provisions, among other things. Observing that land markets in India are "imperfect", Rural Development Minister Jairam Ramesh said in his foreword to the draft that there is asymmetry of power and information between those wanting to acquire the land and those whose land is being acquired. "That is why there has to be a role for the government to put in place a transparent and flexible set of rules and regulations and to ensure its enforcement," he said.
No comments:
Post a Comment