Skip to main content

Govt could compromise on land Bill 2015

Reconciled to the fact that it will have no option but to cave in to the diktat of the Opposition on the 2015 Land Acquisition Resettlement and Rehabilitation ( LARR) Bill in the Rajya Sabha where it is in a minority, the Narendra Modi- led National Democratic Alliance ( NDA) government is preparing to virtually abandon its own Bill. This could cause even more legislative and policy confusion on land acquisition.

The 2013 LARR was sought to be amended and replaced by LARR 2015, to make land acquisition easier for certain categories of projects, to give aboost to industrial activity. The requirement of social impact analysis (SIA) and consent of land losers was waived for this category. The Lok Sabha passed LARR 2015 and 44 members of the Congress walked out to show they disagreed.

When the Bill came to the Rajya Sabha, the House demanded a panel study it, as even an amended version had been changed substantially by the Lok Sabha. The committee, which has 15 Bharatiya Janata Party members and 15 from other parties, and is headed by the MP from Darjeeling, S S Ahluwalia, is likely to submit its report on Wednesday. Clause- by- clause discussion will begin from Monday.

According to sources in the committee, most BJP members do not have adequate experience on dealing with the finer points of law. The proceedings are dominated by former rural development minister and architect of the 2013 law, Jairam Ramesh, and former Madhya Pradesh chief minister Digvijaya Singh, assisted ably by Trinamool Congress leader Kalyan Bannerjee.

The net result is a substantial dilution of LARR 2015, even the amended version passed by the Lok Sabha.

The Opposition in the committee, for instance, is united that acquired land not utilised for three years should be returned to the land losers. In the 2015 Bill as passed by the Lok Sabha, this period was ā€œ a period specified for setting up the project or five years, whichever was laterā€ ( clause 101).

Some doubts were raised about the word ā€˜ utilisation’ — should land be deemed to have been utilised if a boundary wall was built? This matter is still under discussion.

Section 46 of LARR 2015 related to extending rehabilitation and resettlement benefits to land owners in case of purchase of land through private negotiations in excess of 100 acres. The government is ready to scrap this.

Industry Secretary Amitabh Kant, who recently deposed before the committee, said the most contentious issue – land required for industrial corridors up to one km on either side of the road – should be exempt from SIA and consent clauses as the land (mostly) belonged to Indian Railways. He said this should never have been in the LARR legislation in the first place.

The government might relent and take industrial corridors out of the purview of the Bill.

Business Standard, New Delhi, 1st August 2015

Comments

Popular posts from this blog

Budget: Startup sector gets new Fund of Funds, FM to allocate Rs 10K cr

  The Indian startup sector received a boost with Finance Minister Nirmala Sitharaman announcing the establishment of a new fund of funds (FoF) in the Budget 2025. The minister unveiled a fresh FoF with an expanded scope, allocating Rs 10,000 crore. The initial fund of funds announced by the government with an investment of Rs 10,000 crore successfully catalysed commitments worth Rs 91,000 crore, the minister said.   ā€œThe renewal of the Rs 10,000 crore commitment to the Fund of Funds for alternative investment funds (AIFs) is a significant step forward for the Indian startup and investment ecosystem. The initial Rs 10,000 crore commitment catalysed Rs 91,000 crore in investments, and I fully expect this fresh infusion to attract an additional Rs 1 lakh to Rs 1.5 lakh crore in capital,ā€ said Anirudh Damani, managing partner, Artha Venture Funds.   Damani further added that this initiative will provide much-needed growth capital to early-stage startups, further strengthenin...

After RBI rate cut, check latest home loan interest rates of top banks for loans above Rs 75 lakh

  The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points from 6.50% to 6.25% in its monetary policy review as announced on February 7, 2025. After the RBI repo rate cut, banks such as SBI, Canara Bank, PNB, and Union Bank among others have cut their repo linked lending rates. Most other banks are also expected to cut their lending rates in line with the RBI rate cut. After banks cut their lending rates, their home loan borrowers will have to pay less interest. Normally, when a lender cuts the lending rate, borrowers get two options: Either to go for a reduction in EMIs or reduce the tenure of the loan. The second option will help the borrowers clear their home loan outstanding faster. In case, the borrower goes for reduction in EMI then the lower lending rate of the lender would mean lower Equated Monthly Installment (EMI) for borrowers.   EMI is the amount you will pay on a specific date each month till the loan is repaid in full.A repo rate-linked home ...