Land Acquisition in India: A Pareto and Kaldor-Hicks Perspective

Abstract

Abstract:Land acquisition by the government or a private entity to aid industrialization remains a critical policy concern. In 2013, The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act (LARR Act of 2013) became the premier land law in India. The Act creates a transparent process through which buyers can acquire land for industrialization and other commercial activities. However, the succeeding government was dissatisfied with some provisions in the original Act and floated two Amendment Bills in 2014 and 2015. In this article, we examine if the proposed removal of the "Consent" clause, a key provision in the original Act, is necessary. The removal would allow the government to impose eminent domain under certain conditions. We propose that removing the "Consent" clause is necessary for social welfare maximization and maintain that compensation based on marginal utility of income is the correct approach as it maximizes social welfare and helps maintain a balanced budget.

Strengthening Sharia Elements; Syuf’ah or Langgeh Rights in Land Buying and Selling Transactions in Aceh

“…28 Customs in the life of the Acehnese people are something that is still highly respected. 29 Soil is a consistent material and cannot be renewed 30 , According to Customary Law, land is a fixed object, 31 which is very important for the survival of the Acehnese people.…”