Land Acquisition ? Conditions Apply

DNA ( 16 Jan ) carries following news :

http://www.dnaindia.com/mumbai/report-dna-exclusive-konkan-refinery-project-it-s-bjp-vs-rest-2575718

“ Refinery Project : It’s BJP vs Sena “

HIGHLIGHTS :

·         Rs 3 lakh*crore Refinery Project in Ratnagiri district

·         Maha Govt has issued notice for acquiring 15,000 acres in Ratnagiri / 1000 acres in Sindhudurg

·         Locals opposed to land acquisition

·         Along with locals, BJP demanding :

#    Rs 1 crore / hectare ( Rs 22 lakh / hectare given in Jaitapur project )

#    Give 5 % shares to locals

#    80 % jobs to locals

For a quick / peaceful / equitable solution , I urge all concerned to consider conditions laid down in my following blog / email :

Tuesday, 5 May 2015

 https://myblogepage.blogspot.com/2015/05/land-acquisition-solution.html

Email sent on 23 March 2015

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Dear Nitinji,

Farmers are opposing this bill for the following reasons :

·         Low / Inadequate compensation

·         Once land is sold , not being able to benefit from the appreciation of land value ,

     when the project comes up

·         Private parties bought their land at low price and then sold it ( mostly to private

     builders ) for a whooping profit

I think there is a simple solution to the concerns expressed by the farmers . Please consider the following :

·         Each project will be tied to a specific SPV , created for that purpose only

·         In the first instance , affected farmers will create a " Cooperative Society " 

·         Co-operative Society will issue shares to each land-donor farmer , in proportion to the QUANTITY / VALUE of the land donated by him

·         In turn , Co-operative Society will receive shares in the SPV , equal to the value of the land + a cash compensation equal to 4 times the value of the land

·           Farmer's shares of Cooperative Society cannot be sold in open market before 5

       years but can be gifted to wife / Children

·           Shares of Cooperative Society in the SPV itself cannot be sold for next 10 years

·         The " Cash-Value Compensation " received by the Co-operative Society ( ie 4 times the land value ),  will be deployed as follows :

#  to be immediately paid in cash to the farmers............ 2 times

     #  to be deposited in the Jan-Dhan Account of each farmer as FIXED DEPOSIT

         ( with 10 @ interest ).............2 times

Dear Gadkariji ,

My proposal will ensure :

Ø   Immediate attractive compensation to farmers

Ø   Recurring income from FD in Jan Dhan account ( for a sustained livelihood )

Ø   Continued sense of " Ownership " in the SPV / Project , which will facilitate QUICK implementation without resistance

Ø   Willing farmers themselves canvassing / convincing " Reluctant " farmers

Ø   No fear of private parties benefiting by appreciation of land value

Ø   A sense of " Enlarged Participation " thru Co-operative Society representing them on the Board of Directors of SPV

Ø   Board Representation enabling farmers to ensure that honest decisions are being taken

PLEASE , GIVE  THIS  SUGGESTION   A  CONSIDERATION 

17  Jan  2018

www.hemenparekh.in / blogs