Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Friday 19 February 2016

LAND BILL


MAKE     OPPOSITION     IRRELEVANT


As per a news report in Hindustan Times ( 17 Feb 2016 ) , thousands of villagers of Khalapur ( Maharashtra ) ,
*  have formed a company
*  transferred 3500 hectares  of their land to this company
*  company has signed an MOU with Maharashtra State for development of this land
*  allowed State to acquire 40 % of the land, without any monetary compensation
*  villagers will get to develop balance 60 % land
*  for this 60 % , villagers will be allowed an FSI of 1.7 in lieu of the existing FSI of 0.1 , to develop the township

#    How does CIDCO ( nodal agency for Navi Mumbai Airport Influence Notified Area ) benefit ?
      *  of the 40 % land acquired , CIDCO will utilize 25 % for Infrastructure Development and rest for Commercial
          development

#    How do Villagers benefit  ?
     *  Once developed , the rates of the real estate in the area are expected to shoot up by at least 5 times ,
         causing good  profit for the villagers
   

#    Could villagers have benefitted much more ?
     *  Without doubt they would have gained hugely if they had bargained on the basis of the following email that
         I had sent to Shri Nitin Gadkariji on 23 March, 2015 :


{  Dear Nitinji,


Farmers are opposing the Land Acquisition Bill for the following reasons :

*    Low / Inadequate compensation

*    Once land is sold , not being able to benefit from the appreciation of land value , when the project comes up

*   Private parties bought their land at low price and then sold it ( mostly to private builders ) for a whooping profit


I think there is a simple solution to the concerns expressed by the farmers . Please consider the following :


*     Each project will be tied to a specific SPV , created for that purpose only

*    In the first instance , affected farmers will create a " Cooperative Society " 

*   Co-operative Society will issue shares to each land-donor farmer , in proportion to the QUANTITY / VALUE of

     the land donated by him

*   In turn , Co-operative Society will receive shares in the SPV , equal to the value of the land + a cash

     compensation equal to 4 times the value of the land

*  Farmer's shares of Cooperative Society cannot be sold in open market before 5 years but can be gifted to wife /

    Children

*  Shares of Cooperative Society in the SPV itself cannot be sold for next 10 years

*  The " Cash-Value Compensation " received by the Co-operative Society ( ie 4 times the land value ),  will be

    deployed as follows :

   *  To be immediately paid in cash to the farmers............ 2 times

   *  To be deposited in the Jan-Dhan Account of each farmer as FIXED DEPOSIT ( with 10 @ interest )....2 times


Dear Gadkariji ,


My proposal will ensure :


*     Immediate attractive compensation to farmers

*     Recurring income from FD in Jan Dhan account ( for a sustained livelihood )

*     Continued sense of " Ownership " in the SPV / Project , which will facilitate QUICK implementation without

        resistance

*     Willing farmers themselves canvassing / convincing " Reluctant " farmers

*     No fear of private parties benefiting by appreciation of land value

*    A sense of " Enlarged Participation " thru Co-operative Society representing them on the Board of Directors of

      SPV

*    Board Representation enabling farmers to ensure that honest decisions are being taken


PLEASE , GIVE  THIS  SUGGESTION   A  CONSIDERATION   }


If all States follow this model , I think opposition to Land Acquisition Bill in Rajyasabha , will become irrelevant  !

After all , this is a WIN  WIN  solution for both, the Farmers and for the States

If the Opposition Parties want to win future elections ( whether at Centre or in States ) , they should  champion the

cause of the farmers by helping them form FARMERS  CO-OPERATIVE  SOCIETIES , to carry out COLLECTIVE

BARGAINING  with the State Governments  / Industries !

--------------------------------------------------------------------------------------------------------------------------------



19  Feb  2016





hemen  parekh


Marol , Mumbai , India


( M ) +91 - 98,67,55,08,08


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