कोशिश गोल्ड - मुक्त
Land acquisition clarity could be Singur's legacy
Mint Mumbai
|November 01, 2023
West Bengal should compensate Tata Motors without ado. With luck, amends made could help all of India get its bearings right on bulk land purchases for private industrial projects
-
Land is the oldest recognized factor of production, its ownership has been the fulcrum of a great ideological clash between capitalism and communism, and its ability to stir up emotions has not diminished much down the ages. Hence, how land is used always calls for clarity of thought. In India, our most exasperating muddle in recent memory is the case of Singur, West Bengal, where almost 1,000 acres of farm-land were acquired under the auspices of the state’s industrial development authority for Tata Motors to set up a factory, but a frenzied agitation against the project forced the company to relocate it to Gujarat in 2008 after it had invested a claimed ₹1,800 crore there and was on the verge of rolling out its Nano cars. In 2016, the Singur acquisition was quashed by India’s apex court, but, given the losses borne, news that Tata Motors has won an arbitral award of ₹766 crore (plus interest) as compensation should not surprise us. Nor should the fact that the state’s Trinamool Congress (TMC) government may contest this order, given the key role this party played in the project’s e
यह कहानी Mint Mumbai के November 01, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Mint Mumbai से और कहानियाँ
Mint Mumbai
Export sops for tariff-hit MSMEs by next week
The government plans to announce support measures under the Export Promotion Mission as early as next week for small businesses struggling to absorb 50% US tariffs, according to Union commerce minister Piyush Goyal.
2 mins
November 26, 2025
Mint Mumbai
Rural recovery, low base to fuel Q2 GDP
Policy transmission, festival season inventory too aid growth
2 mins
November 26, 2025
Mint Mumbai
1st privately built PSLV near lift-off
India's first privately built polar satellite launch vehicle (PSLV) is expected to have its maiden commercial flight before the end of the financial year, marking a giant leap in the country’s ambition to foster a private space economy.
3 mins
November 26, 2025
Mint Mumbai
Israel to relocate Jews from northeast
Israel’s government has approved a proposal to bring all the remaining 5,800 Jews from India’s northeastern region, commonly referred to as Bnei Menashe, over the next five years.
1 min
November 26, 2025
Mint Mumbai
Export sops for tariff-hit MSMEs by next week
The government plans to announce support measures under the Export Promotion Mission as early as next week for small businesses struggling to absorb 50% US tariffs, according to Union commerce minister Piyush Goyal.
2 mins
November 26, 2025
Mint Mumbai
IndoSpace Core acquires six logistics parks for over $300 mn
IndoSpace Core, a joint venture between the Canada Pension Plan Investment Board, or CPP Investments, and IndoSpace, has acquired six industrial and logistics parks valued at over $300 million.
1 min
November 26, 2025
Mint Mumbai
Businesses mustn't wait for a global climate consensus
This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.
3 mins
November 26, 2025
Mint Mumbai
Husk Power aims to raise $400 mn
Husk Power Systems, the world’s biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue 10-fold by 2030 and prepare for an initial public offering (IPO).
1 min
November 26, 2025
Mint Mumbai
Don't make AI models but make the most of what exists
Earlier this year, Amazon announced that it was eliminating 4,000 management positions because artificial intelligence (Al) tools had rendered those middle-management roles redundant.
3 mins
November 26, 2025
Mint Mumbai
The Federal Reserve’s tool for calming short-term funding markets is being tested
The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.
3 mins
November 26, 2025
Translate
Change font size

