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What happened
K.T. Rama Rao, the working president of the Bharat Rashtra Samithi (BRS), announced that the party intends to cancel the Hyderabad Industrial Land Transformation (HILT) policy if they return to power. He accused the Congress government of orchestrating a scam involving the transfer of valuable land to industrialists at significantly reduced prices, claiming the market value is between ₹1 lakh to ₹1.5 lakh per square yard, while the government offers it for around ₹4,000 per square yard. Rao highlighted that this policy threatens job creation and suggested alternative uses for the land, such as IT parks, housing for the poor, and community facilities. He called for public support against the policy and warned industrialists against participating in what he termed a scam. The BRS plans to organize discussions and events to rally opposition to the HILT policy.
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Key insights
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1
Land Value Discrepancy: The government offers land at ₹4,000 per square yard, far below its market value.
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2
Job Creation Concerns: Rao warns that shifting industries could lead to significant job losses.
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3
Public Benefit Focus: Rao advocates for using land for IT parks and housing for the poor.
Takeaways
The BRS's commitment to cancel the HILT policy reflects a broader concern over land use and public welfare, emphasizing the need for transparency and accountability in government dealings.