Land lease is an idea whose time has come
The proposal to amend the central Land Acquisition Bill to provide for leasing of land rather than acquiring it is just not constitutionally feasible.
N C Saxena, Member, National Advisory Council, says: "Land is a state subject and the Centre cannot legislate on leasing at all. But as an idea it is great and should be welcome. The initiative, however, has to come from the state governments who should amend their tenancy laws to facilitate the entry of industry in the land market, and promote willing buyer-willing seller transactions that will make the coercive provisions of the land acquisition law irrelevant." Read More