LAND ACQUISITION REHABILITATION ACT
MUDA 'scam': Siddaramaiah claims conspiracy as he belongs to backward class and is CM second time
Siddaramaiah, Karnataka CM, denies fraud over MUDA land allotted to wife, Parvathi, claiming a BJP-led conspiracy. With B.Y. Vijayendra’s protest backed by J.P. Nadda, he highlights a Rs 62 crore compensation under MUDA’s 50:50 scheme and addresses undeclared 3.16 acres in an Election Commission complaint, questioning current BJP's targeting and calls for an inquiry.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 24%, according to analysts
For every one bull there is a half bear and that is probably enough to spoil the mood on the street. The “risk on trade” which was once again getting started probably will get hit for some time at least because of the fact that the circular by NSE on what stocks and mutual funds will be accepted as collateral or not will have short term impact on the liquidity matrix of the system. Keep an eye on liquidity and the market breadth in the next few weeks as that will determine what happens to mid-cap stocks in the medium term. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Govt starts process of acquiring land worth over Rs 4,000 crore for second phase of Noida International Airport
The district is acquiring land from villages for Noida Airport's second phase. Resettlement and compensation are progressing. YIAPL plans test flights by November and aims for commercial operations by year's end. Completion delayed to April 2025. DS Mishra, Noida International Airport Limited, and four new vendors are addressing steel shortages. Farmers to resettle in Falaida Bangar.
NCLT rejects housing society's plea to exclude land from HDIL's insolvency process
HDIL faces insolvency with liabilities exceeding Rs 8,138 crores, including debts to secured and unsecured financial creditors, and homeowners. The real estate sector contributes significantly to companies under CIRP, with about 15% witnessing revival post-resolution.
Jharkhand HC grants bail to former CM Hemant Soren in land scam case
Former Chief Minister Hemant Soren was granted bail by the Jharkhand High Court on Friday in a money-laundering case connected to an alleged land scam. Soren, 48, had filed a petition seeking bail on May 27. He has consistently denied the charges, attributing them to a political vendetta by the BJP-led Central government.
CJI Chandrachud announces Lok Adalat from July 29 amid concerns about large backlog of cases
Chief Justice of India DY Chandrachud announced the commencement of a special Lok Adalat from July 29 to August 3. He urged citizens, lawyers, and advocates to participate in resolving cases swiftly and amicably to address the large backlog of cases. He highlighted on the informal and technology-based nature of the Lok Adalat and termed it as a voluntary and consensual dispute resolution mechanism that offers final and binding awards with no appeal process. The system promotes cost-effective and efficient settlement of various disputes including matrimonial, property, motor accident, compensation, and service-related cases pending before the Supreme Court.
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Enemy within? China is buying land around American military bases
China's proximity to military bases within the US, including a nuclear missile base in Wyoming, raises national security concerns. The US government blocked a Chinese-backed cryptocurrency mining firm from owning land near Francis E. Warren Air Force Base in Wyoming, citing it as a 'national security risk'. The order required the divestment of property operated as a crypto mining facility near the base.
Road construction down by 12.1% to 1288 km in the current financial year up to May 2024
As per the monthly update, released the ministry of road transport and highways (MoRTH) on Wednesday, the capital expenditure incurred during the period stood at Rs 57,925 crore till May 2024, which is 42.5% of the capital outlay under the vote on account provision for the first five months of 2024- 25.
Long road trip? India may free up 700 hectares of surplus land for resting facilities
The road transport ministry plans to de-notify around 700 hectares of surplus land for wayside amenities and resting facilities for drivers. The proposal aims to allow landowners to reclaim their property and utilize excess land from completed highway projects efficiently. The ministry is finalizing the policy, aligning with PM Narendra Modi's mobility expo promise.
Proposed Rs 72,000-cr 'Mega Infra Project' in Great Nicobar poses grave threat to tribals, should be reviewed: Congress
The Congress has called for a halt to a proposed Rs 72,000-crore infrastructure project in Great Nicobar Island, citing grave threats to tribal communities and the ecosystem. Congress leader Jairam Ramesh highlighted concerns over forest land diversion, inadequate consultations, and violations of legal and constitutional provisions safeguarding indigenous groups. He demanded immediate suspension of clearances and impartial review by parliamentary committees.
Maharashtra government's slum policy strange as it encourages encroachments; its inspection required, says HC
The court said once slums on a private land are recognised under the Slum Act, strangely the encroachment on a private land gets converted into a legitimate right of a free tenement to the encroacher under the slum policy of the state government, which, in our opinion, is as good as a premium on the illegality of the encroacher in encroaching on either private or public land. The court said government authorities need to be conscious of the ground reality that it is a herculean task to remove encroachers from both private and public land.
Will an empowered Modi bring back a big-bang reform?
If exit polls are accurate and Prime Minister Narendra Modi returns to power with a strong majority, major economic reforms are expected. This might include revisiting land acquisition laws to facilitate industrial growth. Land reforms are crucial for India's manufacturing ambitions. Digitisation of land records could streamline processes and accelerate development projects.
NRI Investing Guide: Are you legally allowed to buy agricultural land in India?
NRIs in India face restrictions under FEMA when purchasing agricultural land, but can inherit it from relatives to reconnect with their roots.
SC upholds acquisition of land by DDA, DSIIDC, DMRC between 1957 and 2006 for public infra projects
After hearing arguments on a batch of hundreds of petitions, a bench of justices Surya Kant, Dipankar Datta and Ujjal Bhyan passed the verdict on May 17 setting aside a Delhi High Court order, which had declared the acquisition proceedings to have lapsed in terms of Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement Act, 2013.
L&T Realty inks pact for joint development of 12.2-acre land parcel in Thane
The current developer Jagdale Infrastructure has received a letter of intent from the Slum Rehabilitation Authority in 2022 and is now bringing in L&T Realty as its partner in the project.
Do it right, for sake of land acquisition
In a densely populated developing country like India, there are competing demands on land - farming, housing, infrastructure development and factories. This, on more occasions than one would like, has led to conflicts. According to Land Conflict Watch, there are 781 land conflicts, affecting 9.4 mn people and ₹3.11 tn investments.
What BJP is doing to stop farmers' suicide? Congress poses three questions ahead of PM Modi's Maharashtra visit
Ahead of Prime Minister Narendra Modi's Lok Sabha poll campaign in Maharashtra's Nandurbar, the Congress posed several questions to him on Friday, asking why BJP has deprived tribal communities of their land rights?
Delhi HC asks NBCC to return Rs 76L with interest to homebuyer, awards Rs 5L compensation
In the order passed on May 8, the court observed that the petitioner has been deprived of his money for the last 10 years and "structurally defective houses" have been constructed, leaving him in a complete lurch, and NBCC should be "dealt with severely" for reluctance to pay interest on the amount and ensuring the petitioner's rehabilitation.
Lok Sabha Elections 2024: Eight candidates, but only two women in main fight
Goswami who joined Congress in 2019 quitting BJP following the protest Citizenship Amendment Act (CAA) stated that this election is a fight to save the Constitution and democracy. She said that the BJP led government has brought CAA to settle Hindu Bangladeshi from Bangladesh which is dangerous for landless people of Assam affected by flood and erosion are demanding land however they are yet to get rehabilitation.
Lenders seek RBI clearance to sell Jaiprakash Associates loan to NARCL
SBI-led lenders seek RBI approval to transfer JAL's ₹18,000 crore debt to NARCL for a ₹10,000 crore acquisition, impacting IBC processes and NCLT resolutions. Dalmia Cement offers ₹5,666 crore for JAL's units amid ongoing litigations.
No further steps for 2 months in connection with Sabarimala airport land acquisition: Kerala HC
Kerala High Court's interim order halts state government steps on Sabarimala Greenfield airport land acquisition following a plea by Ayana Charitable Trust alleging illegal property takeover. The trust's legal team resists the action.
Bullet Train: Completion date depends on award of all tenders, says Railways in RTI reply
The Indian Railways is unable to determine the completion date for the Mumbai-Ahmedabad High Speed Rail Project (MAHSRP) due to the lack of awarding of work tenders. The National High Speed Rail Corporation Limited (NHSRCL) has stated that the completion date can be assessed after all tenders have been awarded. The project, launched in 2017, was initially scheduled to be ready by December 2023 but was delayed due to land acquisition issues and Covid-19.
ED attaches Rs 31-cr worth Ranchi land 'belonging' to Hemant Soren; court takes cognisance of charge sheet
Ranchi, The Enforcement Directorate (ED) has attached land measuring 8.86 acre, allegedly owned by former Jharkhand chief minister Hemant Soren in Ranchi, as part of a money laundering investigation against him and his associates, the federal agency said on Thursday. It had filed a charge sheet against the 48-year-old JMM leader and four others --Bhanu Pratap Prasad, Raj Kumar Pahan, Hilariyas Kachhap and Binod Singh -- on March 30 before a special Prevention of Money Laundering Act (PMLA) court here.
Hemant Soren got assistance of a revenue official in Ranchi 'land scams': ED
Former Jharkhand Chief Minister Hemant Soren, along with revenue official Bhanu Pratap Prasad, is accused of involvement in illegal land occupation and money laundering activities, according to the Enforcement Directorate (ED). The ED filed a prosecution complaint against Soren and four others for acquiring and concealing proceeds of crime through real estate properties.
Social media accounts suspended, govt trying to suppress our voice: Farmer leader Pandher
Centre suppresses voices by suspending social media accounts, YouTubers. Inconclusive talks; force, tear gas injuries. Demands: MSP law, debt waiver, justice, compensation. 'Delhi Chalo' call persists. Farmers demand Swaminathan Commission's recommendations, pension, farm debt waiver, and more.
Railways land-for-jobs case: ED files charge sheet against Lalu Yadav's family members, others
The CBI has filed a charge sheet in this case earlier. Lalu Prasad Yadav, Rabri Devi and Tejashwi Yadav were granted bail by a trial court in October last year in the CBI case. According to the CBI, no advertisement or public notice was issued for appointment, but some residents of Patna were appointed as substitutes in different zonal railways in Mumbai, Jabalpur, Kolkata, Jaipur and Hazipur.
Sabarimala Greenfield Airport takes off with land acquisition approval
According to the Land Acquisition and Rehabilitation Act, 2013, the preliminary notification under section 11(1) is required to be issued within one year from the date of submission of recommendations by the expert committee on the social impact assessment report. The expert committee submitted its recommendations on August 22, 2023. According to it, the preliminary notification of land acquisition can be issued in August 2024 itself.
Investment-seeker, contracts are sacred
The process of acquiring land for the plant was held illegal by the Supreme Court in 2016, and a central law was enacted to streamline the process. There is greater sensitivity to ESG aspects of land acquisition today. But enforcement gaps remain. The arbitral award, if upheld, will have a deterrence effect on government agencies trying to cut corners in an attempt to speed up development.
Bullet train project: HC gives Maharashtra govt 30 days to decide on Godrej & Boyce plea for hike in compensation for land acquisition
The company and the government have been embroiled in a legal dispute over acquisition of the company-owned land in Vikhroli area of Mumbai for the bullet train project since 2019.
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