Wednesday, July 14, 2010

The eternal treaty of Land

In a piece in WSJ Barun concludes:

India's policy makers have clearly identified a critical area for reform. Poverty in India isn't due to a lack of access to capital, but to people's inability to realize the value of their most prized asset—land—and to put that money to its optimal use. Constitutionally, land is a state subject, and therefore political leadership is needed to have the states adopt such a progressive law in the provincial legislatures. There are quite a few examples of model laws at the national level which have been orphaned by the states, as in case of agricultural reforms.

The deliberations over the coming months could determine whether this legislation will transform India or merely remain a piece of paper that scores high on intention, but fails in practice.

Also read here

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