Skip to main content

Centre urges states to adopt model land lease Bill

Wiser after the criticism faced in trying to amend the land acquisition law in 2015, the Narendra Modi government has revised its earlier plan for a parliamentary nod to its model land leasing Bill.
Instead, the Centre is persuading state governments to enact it. And, has support from even Opposition party-governed states, such as Congressruled Karnataka and Left-ruled Kerala. The Bill in question aims at enabling farmers and farming groups to lease their land for cultivation through a legal document, without dilution of ownership. NITI Aayog, which drafted it, says the legislation could help release for cultivation 20 million hectares of fallow tract, where its owners fear land grab.
The model Bill also aims to protect the rights of tenants in the event of a natural calamity, giving them access to compensation. Land is not only a state subject but also an emotive issue. Which was underlined for the Centre, at significant political cost, when it tried to amend the land acquisition law. The government was slammed by even allies, such as the Shiromani Akali Dal and Sangh Parivar outfits, for trying to push the amendments without enough consultation. Opposition parties had accused it of helping big money acquire land of the poor farmer.
This time, the government has taken care to consult across the board — states, Opposition parties, farmer bodies, activists and, importantly, Sangh Parivar affiliates Swadeshi Jagran Manch (SJM) and Bharatiya Kisan Sangh — before giving the Bill a final shape. NITI Aayog’s land policy cell, headed by Tajmul Haque, former chairman of the Commission for Agricultural Costs and Prices, carried out the consultations.
At a recent meeting hosted by the SJM to review two years of the Aayog, the former’s Ashwani Mahajan told Haque the proposed leasing law shouldn’t facilitate corporates but protect the interests of farmers. Haque assured that all stakeholders had been consulted.

He said the committee had also studied existing land leasing laws, either in place or at final stages of drafting, in Madhya Pradesh, Odisha and Uttar Pradesh. Official sources said the Odisha legislative assembly is likely to pass the Bill in its coming session. Aayog officials have a meeting with the Karnataka government next month. The Aayog hopes its consultations with state governments would help them tailor the drafts of their respective Bills on the basis of land leasing laws enacted by other states.

In West Bengal, there are 1.4 million permanent tenants called ‘bargadars’ who are already protected under state law. The Centre’s proposed model framework has recommended legalisation of leasing to ensure tenants get access to institutional credit, insurance and compensation at the time of adisaster, without impacting the legal ownership right of the holder. At present, in a natural calamity, the entire compensation amount is deposited in the name of the landowner; lessee farmers do not get anything.

The Bill would allow leasing in and leasing out of land for agriculture without any restrictions. It is also likely to propose setting up of tribunals for disputes, if local settlement mechanisms like panchayats fail.

According to a study on agricultural land lease by Haque, as much as 57 per cent of the leased area in the kharif and 54 per cent in the rabi season were on shortterm tenures, without tenurial security and stability.
Business Standard New Delhi,28th January 2017

Comments

Popular posts from this blog

Credit card spending growth declines on RBI gaze, stress build-up

  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the...

SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv

  The Reserve Bank of India’s Deputy Governor Swaminathan J on Friday instructed the directors of small finance banks (SFBs) to be vigilant and proactive in identifying emerging risks in the sector.Speaking at a conference for directors on the boards of SFBs, Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models.Additionally, he highlighted the need for strengthening cybersecurity to protect the entities against digital threats and urged for a stronger focus on financial inclusion, customer service, and grievance redressal to ensure a broader reach of banking services.Executive Directors S C Murmu, Rohit Jain, and R L K Rao, along with other senior officials representing the Supervision, Regulation, and Enforcement Departments of the RBI, also participated in the conference.   -  Business Standard  30 th  September, 2024

Brigade Hotel Ventures files draft papers with Sebi for Rs 900 crore IPO

  Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, has filed draft papers with capital markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO).The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP).Proceeds from the issue to the tune of Rs 481 crore will go towards payment of debt, Rs 412 crore will be allocated to the company and Rs 69 crore to its material subsidiary, SRP Prosperita Hotel Ventures Ltd.Additionally, Rs 107.52 crore will be used to purchase an undivided share of land from the Promoter, BEL, and the remaining funds will support acquisitions, other strategic initiatives, and general corporate purposes.The company may raise up to Rs 180 crore through a Pre-IPO Placement.   If the placement is undertaken, the issue size will be reduced.Brigade Hotel Ventures Ltd is a wholly-owned subsidiary of Brigade Enterprises ...