September 7th, 2011
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Cabinet unveils draft land acqusition policy

oommen-chandyThiruvananthapuram: The  Kerala government cleared the draft land acquisition policy and placed it under the public domain, today, to speed up the land for development purposes.

Chief Minister Oommen Chandy told reporters after the cabinet meeting that the new concept of issuing Kerala Infrastructure Transferable Bonds to the value of price of the land acquired in lieu of cash was the highlight of the policy. The bonds could be sold at market price of the land at any time, he said. This will ensure a share in the development project to the person whose land had been acquired, he added.

‘All those who wish to get transferable development bonds in lieu of cash for land surrendered can at any later date encash these bonds or can even sell these back to the government. This would enable the land owner to get the benefit of the increase in land value following development in the area,’ the Kerala Chief Minister said.

Details of the scheme would be worked out after eliciting the response of various sections of society, he added.

The policy underlines guidelines for land acquisition for public development projects like railways, roads, companies and irrigation projects. A detailed rehabilitation package for those displaced is also part of the policy. The Cabinet also approved a draft policy on housing in the state, Chandy said.

State Revenue Minister Thiruvanchoor Radhakrishnan added that the draft has been given to all the political parties in the state and would be discussed in public fora. ‘In two weeks, recommendations that come up in the open discussion would be taken into consideration. We expect that in a month the state would have a new path-breaking land acquisition policy, replacing the one which is in force now and waas formulated in 1894,’ Radhakrishnan said.

The Chief Minister said Direct Selling Companies would be allowed to function with clear cut conditions. The companies that exploit consumers, indulge in fake promises and also in the business of ‘money-chain’ would not be permitted, he said. The cabinet approved the recommendations of a high-level official committee that looked into complaints that many Direct Selling Companies and private financial institutions were exploiting the public.

This scheme was included in the 100-day programme announced by the new Chandy government soon after it took office.




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