NCHMCT JEE 2020 Question Paper with solutions for online practice
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Land is probably the single most valuable asset in the country today. Not only could greater liquidity for land allow more resources to be redeployed efficiently in agriculture, it could ease the way for land-utilising businesses to set-up. Perhaps as important, it could allow land to serve as collateral for credit.
Widespread prohibition of land leasing raises the cost to rural-urban migration as villagers are unable to lease their land, and often have to leave the land untilled or leave a family member behind to work the land.
Lifting these restrictions can help the landless (or more efficient landowners) get land from those who migrate, even while it will allow landowners with education and skills to move to industry or services.
Compulsory registration of leaseholds and of the owner's title would provide tenants and landowners protection. Of course, for such a leasing market to take off, owners should be confident that long term tenancy would not lead to their losing ownership. With a vibrant leasing market, and clear title, there should be little reason for not strengthening ownership rights.
For large projects with a public purpose-such as the proposed National Industrial and Manufacturing Zones, which will facilitate the setting up of small and medium enterprises-large scale land acquisition may be necessary. Given that the people currently living on the identified land will suffer significant costs including the loss of property and livelihoods, a balance has to be drawn between the need for economic growth and the costs imposed on the displaced.
The Right to Fair Compensation and Transparency in land acquisition, Rehabilitation and Resettlement Bill 2011, currently before Parliament, attempts to draw such a balance. As experience is gained with large scale land acquisition, the institutions set-up by the bill can be fine-tuned to achieve its aims.
Widespread prohibition of land leasing raises the cost to rural-urban migration as villagers are unable to lease their land, and often have to leave the land untilled or leave a family member behind to work the land.
Lifting these restrictions can help the landless (or more efficient landowners) get land from those who migrate, even while it will allow landowners with education and skills to move to industry or services.
Compulsory registration of leaseholds and of the owner's title would provide tenants and landowners protection. Of course, for such a leasing market to take off, owners should be confident that long term tenancy would not lead to their losing ownership. With a vibrant leasing market, and clear title, there should be little reason for not strengthening ownership rights.
For large projects with a public purpose-such as the proposed National Industrial and Manufacturing Zones, which will facilitate the setting up of small and medium enterprises-large scale land acquisition may be necessary. Given that the people currently living on the identified land will suffer significant costs including the loss of property and livelihoods, a balance has to be drawn between the need for economic growth and the costs imposed on the displaced.
The Right to Fair Compensation and Transparency in land acquisition, Rehabilitation and Resettlement Bill 2011, currently before Parliament, attempts to draw such a balance. As experience is gained with large scale land acquisition, the institutions set-up by the bill can be fine-tuned to achieve its aims.
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