The first part of this series
focused on the need for a land acquisition act. In this part we focus on a
substantive issue on one particular component within the compensation and
rehabilitation package. The premium accruing out of change of land use purpose from agriculture to the amended purpose. The LARR act 2013 passes this entire premium to the titleholder. This is as much as 2 times for urban land and 4 times for rural agricultural land. Now is it fair that the title owner claims ownership of the entire premium? Who exactly owns this premium, considering the history of land tenure in India? Who exactly owns this premium, by taking an ethical perspective of value addition?
Click here to read this complete article.
