NEW DELHI: Land acquisition for road projects has taken a hit, as district officials who carry out the activity are busy on Covid-19 duty.
While this affects the government’s efforts to expedite road construction, it also chokes a source of liquidity in the market. Government pays higher-than-market prices for land acquired for public projects. With the economy in distress, continuing with land acquisition would offer an effective way to increase the supply of money in the market. But land acquisition has come down drastically in areas with a large number of Covid-19 cases, three officials aware of the matter said.
