Poging GOUD - Vrij
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
Dit verhaal komt uit de November 01, 2023-editie van Mint Mumbai.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Mumbai
Mint Mumbai
Indian IT slashes spending on US lobbying on H-1B visa blues
The Indian IT industry has been lowering its lobbying spends in the US in recent years, according to filings made to the US House of Representatives and accessed by Mint.
2 mins
November 29, 2025
Mint Mumbai
Ahead of its IPO, Meesho bets on tech for stability
From a WhatsApp-based reseller platform a decade ago, Meesho’s journey to become the country’s first multi-category online retailer to debut on the bourses underscores the untapped potential for growth beyond the top-tier cities.
2 mins
November 29, 2025
Mint Mumbai
Former DBS CEO is Temasek India's new non-exec chair
Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-exec role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said. He will join on 1 December.
1 mins
November 29, 2025
Mint Mumbai
Q2 GDP surprises at 8.2% growth, rate cut unlikely
The number exceeds both the RBI's projection and the estimate from a Mint poll
3 mins
November 29, 2025
Mint Mumbai
Europe fears it can't catch up in great power competition
In the accelerating contest between great powers, Europe is struggling to keep up.
4 mins
November 29, 2025
Mint Mumbai
LIC’s response to voting on RIL, Adani resolutions
A Mint story on Friday reported how Life Insurance Corp. of India Ltd, or LIC, had approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected similar proposals at other large companies.
1 min
November 29, 2025
Mint Mumbai
'The Family Man' S3: Agent down
The new season of the popular spy thriller series starring Manoj Bajpayee feels like a hedged bet
4 mins
November 29, 2025
Mint Mumbai
Fiscal deficit widens on higher capex, lower tax
India’s fiscal deficit for the April-October period rose on higher capital expenditure and lower net tax revenue.
2 mins
November 29, 2025
Mint Mumbai
Reels, reacjis & conversations with friends
Emojis, GIFs, stickers, reacjis and Al-generated suggestions occupy the spaces where sentences framed by humans once thrived, leaving us to contend with how this changes the way we express, connect with, and understand each other and ourselves
4 mins
November 29, 2025
Mint Mumbai
The miseries of convention
Parades, rainbow-coloured flags and conferences, while critical to claiming space and reinforcing the importance of inclusion and equality, often camouflage the fact that for many in the LGBTQ+ community, there is no option of stepping into the light, even in cities, even with financial independence.
1 min
November 29, 2025
Translate
Change font size

