Once declared a dud stock, Suzlon has generated stellar returns for investors thus far this calendar year. On a year-to-date (YTD) basis, Suzlon's share price has doubled investor wealth by soaring 109.35 per cent on the bourses. By comparison, the benchmark BSE Sensex has gained just 11.2 per cent.
The fact that everyone but Agriculture Minister Radha Mohan Singh is speaking on the issue only gives credence to the specious fears of farmers that this government is out to get them. Aditi Phadnis reports
West Bengal, which has seen many violent protests against land acquisition in the country, is now set to get another exemplary rehabilitation package for land-losers. After the free shares by JSW Bengal Steel, now Bhushan Steel is going one step ahead to give free land to land-losers as a part of its rehabilitation and resettlement (R&R) package. Sources said the R&R package has been submitted to the West Bengal Industrial Development Corporation (WBIDC).
The amendment Act provides for the elimination of the exemption as it relates to compensation and resettlement and rehabilitation of families.
The Land Acquisition Bill, which was being pushed by Sonia Gandhi-led National Advisory Council, is set for further delay with the controversial matter being referred to a Group of Ministers because of the opposition by a number of Cabinet ministers.
In a year bookended by intractable conflicts and geopolitical fragmentation, India focused on ramping up military prowess by broadly firming up defence procurement worth Rs 4.22 lakh crore even as Indian and Chinese militaries completed pulling back their troops from border face-off points in eastern Ladakh.
In the past four years, there has been some progress in allocation of iron ore and coal mine--the two key raw materials for steelmaking. The memoranda of understanding for the mineral rich states of Jharkhand, Orissa and Chhattisgarh started pouring in from 2005. Since then, many steel companies, JSW Steel, Tata Steel, Essar Steel, Tata Metaliks, and even ArcelorMittal have bagged either coal or prospecting licence for iron ore.
States' land acquisition policies need rethinking.
Faced by criticism on its special economic zone policy, the government is preparing guidelines for acquisition of land from farmers for setting up SEZs.
Lok Sabha is set to witness a confrontation over Land Acquisition Bill on Tuesday when it is taken up for voting with opposition bent on opposing it even as the government again offered to make changes in the legislation in the "larger interest" of the farming community.
Stated position of the West Bengal government is that no land should be acquired for private projects.
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Not making it 'prestige' issue: Govt on Land Ordinance.
Salboni, in West Medinipur district, is where JSW Steel in 2007 said it would be putting up a 10 million tonne a year steel factory, plus a big captive power plant.
Chief Minister Mamata Banerjee's emphasis on a rigid land policy has pleased the farming community but not the industry.
The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
Any such acquisition, if at all, should only be in exceptional cases
Former West Bengal chief minister and a front-ranking Marxist leader Buddhadeb Bhattacharjee will go down in the country's history as a pragmatic communist who kept aside his ideological convictions to woo capital for the industrialisation of his state.
Industry says legislation will increase cost and timeframe for setting up new enterprises.
Local head of a farmers' group alleged that the police manhandled the protesters, including women and children, and in the process at least five people were injured.
Naval assets take years to build, and therefore, not only is futuristic force planning essential, but indigenous projects must also be put into the pipeline, technologies developed and contracts for assets signed regularly so that the Indian Navy always remains a future-focussed force, asserts Vice Admiral Biswajit Dasgupta (retd).
If the Congress doesn't agree to these explicit riders, no support, says Trinamool.
The Land Acquisition Bill was cleared by the Union Cabinet on Thursday, making the consent of 80 per cent of owners mandatory for private projects.
Parliament's standing committee report on the government's land acquisition Bill has sought a thorough tightening of the provisions to ensure involvement of local institutions and an "informed and transparent process".
The decision followed a petition by former deputy superintendent of the medical establishment, Akhtar Ali, who sought an investigation by the Enforcement Directorate (ED) into alleged financial misconduct during the tenure of the college's former principal, Sandip Ghosh.
Draft land reforms policy stops religious & educational bodies from using more than 15 acres.
But half the land lies unused due to legal hurdles, lack of investor interest.
Speaking at a rally at Dadri in Uttar Pradesh on Tuesday, Sonia Gandhi said her party was not against land acquisition for industry. "But farmers should be given adequate compensation. They should also be given stakes in the projects coming up on their land," she said.
The tribal communities, asserting their rights under the Forest Rights Act, are now planning to gather in Delhi to demand "justice" for their livelihoods and traditions that are closely linked to the forests.
The state now has a new policy, under a new government.
A bench of justices H L Dattu and C K Prasad, however, said that the Calcutta high court's interim order which had stated that the state need not part with the land for two months to allow it file its appeal, would continue.
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
Congress party will hold a protest rally called Zameen Wapsi Andolan in New Delhi on Wednesday.
The principle objective of the Bill is fair compensation, says Rural Development Minister Jairam Ramesh in an exclusive interview.
Among the major projects affected are the proposed steel plants of Videocon, Bhushan Steel and the Abhijit group. Neeraj Singhal, managging director of Bhushan Steel, said it would be difficult to acquire land wihtout government support. The decisin would also impact a host of projects lined up by New Kolkata International Development, a special purpose vehicle promoted by the Salim Group of Indonesia and the Universal Success group.
The PMK has now lent its voice to the protests against the mining of atomic minerals in Kanyakumari.
The Union cabinet on Saturday recommended re-promulgation of the controversial land acquisition ordinance. The land ordinance will be issued for the third time.
Without land, big projects will not take off.
An official review of projects that have been held up is reported to have revealed that as many as 70 per cent of the 190 delayed works are victims of roadblocks in the way of getting land. Some of them have been in limbo for over a decade and may have to be shelved eventually, as cost estimates have gone haywire.
After dropping a Rs 5,000 crore plan to fill parts of strategic oil storages, the government will lease out space in the underground rock caverns to domestic and international firms to store oil, a top executive said on Tuesday. India Strategic Petroleum Reserve Ltd has built underground storages at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka to store 5.33 million tonnes of oil that can be used in any emergency situation like supply disruption or war. UAE's Abu Dhabi National Oil Company (Adnoc) has already hired half of the 2.5 million tonnes storage capacity at Padur and 1.5 million tonnes facility at Mangalore.
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