I have often said that we are a strange economy wherein the number of billionaires is increasing by the day, but we hardly have any worthwhile billion dollar global product. And this weird, inexplicable phenomenon – where billions are being made without having commensurate global products – is only prevalent in India. One wonders how these billionaires manage to make their billions without a supporting product? Well, of all the inexplicable means that are being adopted, one of the most fashionable has been the act of blatant land grabbing! In fact, land acquisition in India has been always the most ignored legislation, and obviously for understandable reasons! Not even three months have passed and 2011 has already seen its share of illegal transactions of land meant for public purposes. Among these innumerable and mostly untraceable public land deals, there are three deals that caught my fancy mostly due to the sheer nature of the deals! The first one being that of the Tamil Nadu gover...
Dr. Arindam Chaudhuri
(An IIPM Think Tank Blog)