Friday, July 29, 2011

Farmers lured with new policy

With the August 12 deadline to seal a deal closing in, and farmers remaining insistent on higher compensation, Greater Noida Authority (GNIDA) is banking on the state's new land acquisition policy - that offers farmers not only higher rates per square metre but also a handsome annuity - to break the Noida Extension ice.

After inviting Patwari village to talks on Wednesday, GNIDA officials met the village headman on Thursday. The village, which won its case against land acquisition earlier this month, accounts for the second largest piece of acquired land in Noida Extension. According to the Authority, the new policy offers land owners compensation ranging from Rs 960/ sqm to Rs 1,050/ sqm. But its highlights are benefits such as 7% developed land with compensation, or 23% of developed land without any compensation, an annuity of Rs 23,000 per acre for 33 years (increased every July by Rs 800), or a onetime payment of Rs 2.76 lakh. The Authority is hopeful that farmers will understand this economics of land acquisition and development. It has already begun renegotiating with them on their three main demands: increased compensation, rehabilitation benefits and sorting out the long-pending abadi land disputes. While most farmers are currently undecided on the rate of compensation they now want, they are unanimous in seeking rehabilitation benefits, including developed plots, annuity payments, minimum agricultural wages etc. Besides, the farmers are also contemplating demanding a list of other benefits, such as health services, jobs for the unemployed etc.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

IIPM in the league of best management institutes of India.....
IIPM Prof. Arindam Chaudhuri on Internet Hooliganism
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management