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

Thursday 18 January 2018

FARMERS WON't WAIT FOR EVER !


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 :







“ 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,


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



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