Tuesday, August 7, 2012

Union Government approved Relaxation in Policies Related to Transfer of Government Land

The Union Government of India on 2 August 2012 approved relaxation in policies relating to transfer of government land. The objective of the policy is to speed up private-public partnership in the country and to fast-track pending infrastructure projects. The decision will ensure that infrastructure projects are not held up for procedural delays.
A ban was imposed in 2011 on transfer of government-owned land to any entity except in cases where land was to be transferred from one government department to another.This ban however excluded the cases where the land was to be transferred from one government department to another. The policy has also been relaxed for all land transfers from ministries to statutory authorities or PSUs (Public Sector Units).
Besides, the government allowed use and development of railway land by Rail Land Development Authority (RLDA), as per the provisions of Railways Amendment Act, 2005.