Slow and Steady ?
or Late and Lazy ?
-----------------------------------------------
Today’s Business Line carries following news :
The Maharashtra government on Wednesday
decided that land acquired for public and private purposes in rural areas will
get four times the market rate.
Suitable changes will be made in the
Maharashtra Land Acquisition Act, 2013, it was decided at a Cabinet meeting.
Merger
of Acts
According to a press statement issued by
the Chief Minister’s Office, Maharashtra State Highways Act, Maharashtra
Industrial Development Corporation Act, Maharashtra Regional Town Planning Act
and Maharashtra Housing and Area Development Authority Act will be incorporated
in the Maharashtra Land Acquisition Act so that land acquired under these Acts
will get the same compensation.
This ( compensation at
4 times the market rate ) was a “ Necessary
“ condition
But , it is not a “ Sufficient
“ condition !
The sufficient conditions are here :
Tuesday,
16 January 2018
Land Acquisition ? Conditions Apply
DNA
( 16 Jan ) carries following news :
http://www.dnaindia.com/mumbai/report-dna-exclusive-konkan-refinery-project-it-s-bjp-vs-rest-2575718
“
Refinery Project : It’s BJP vs Sena “
HIGHLIGHTS :
· Rs
3 lakh*crore Refinery Project in Ratnagiri district
· Maha
Govt has issued notice for acquiring 15,000 acres in Ratnagiri / 1000 acres in
Sindhudurg
· Locals
opposed to land acquisition
· Along
with locals, BJP demanding :
#
Rs 1 crore / hectare ( Rs 22 lakh / hectare given in Jaitapur
project )
#
Give 5 % shares to locals
#
80 % jobs to locals
For
a quick / peaceful / equitable solution , I urge all concerned to consider
conditions laid down in my following blog / email :
Tuesday, 5 May 2015
Email
sent on 23 March 2015
---------------------------------------------------------------
Dear Nitinji,
---------------------------------------------------------------
Dear Nitinji,
Farmers
are opposing this 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 :
Ø Immediate
attractive compensation to farmers
Ø Recurring
income from FD in Jan Dhan account ( for a sustained livelihood )
Ø Continued
sense of " Ownership " in the SPV / Project , which will facilitate
QUICK implementation without resistance
Ø Willing
farmers themselves canvassing / convincing " Reluctant " farmers
Ø No
fear of private parties benefiting by appreciation of land value
Ø A
sense of " Enlarged Participation " thru Co-operative Society
representing them on the Board of Directors of SPV
Ø Board
Representation enabling farmers to ensure that honest decisions are being taken
PLEASE
, GIVE THIS SUGGESTION A CONSIDERATION
18 Jan 2018
www.hemenparekh.in
/ blogs
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