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- W3150561087 abstract "This paper focuses on two issues: the problems with the compulsory acquisition of land, and the regulatory and institutional impediments that obstruct voluntary land transactions. We argue that any compulsory acquisition based process is intrinsically inefficient and unfair, even if it is accompanied by presumably benevolent schemes such as land-for-land and the R&R packages. Moreover, it is inherently prone to litigation. We demonstrate how what we call the ‘regulatory hold-up’ precludes a large number of potential transactions in agriculture land, and puts a downward pressure on land prices. The paper offers suggestions for reforming the legal and regulatory framework governing the land and its use. Finally, we discuss the Land Acquisition and Rehabilitation & Resettlement (LARR) Bill 2011. We show that the bill leaves open several backdoors for the states to favour companies. Moreover, it fails to address the fundamental causes behind rampant disputes and litigation over compensation. AKNOWLEDGEMENT: I am thankful to TK Arun, Abhijit Banerji, Keshav Choudhary, Leonardo Felli, Maitreesh Ghatak, Parikshit Ghosh, Neha Jain, Rajinder Kumar Punia, and Uday B Sinha for very helpful comments and suggestions. On some of the issues covered here, I have benefitted greatly from my past discussions with Kaushik Basu, Amit Bhaduri, Nira Goyal, Satish Jain, Harsh Mander, Partha Mukhopadhyay, Debraj Ray and Paranjoy Guha Thakurta. I am thankful to Dimple Kukreja and Aditi Singhal for providing excellent research inputs. Research support provided by the Center for Policy Research is gratefully acknowledged. I am thankful to the Center for Development Economics at the Delhi School of Economics, and the London School of Economics for the institutional supports. I am solely responsible for any errors in the arguments presented here. *Associate Professor at the Delhi School of Economics, and Commonwealth Fellow at the London School of Economics. Email: ramsingh@econdse.org" @default.
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- W3150561087 date "2012-01-01" @default.
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- W3150561087 title "Inefficiency and Abuse of Compulsory Land Acquisition An Enquiry into the Way Forward" @default.
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