The Article below appeared in Economic Times August 17th . The Article discusses a very far reaching idea of Electronic trading of land. Many concepts and issues discussed in the article are not self explanatory and merit a larger article
Given that governments have a monopoly over large amounts of data and information, and given the advances made in information and communication technologies (ICT), there is an opportunity for it to enhance revenues significantly by moving to a paradigm of ‘Service Oriented Administration’ ( SOA).
The government, in collaboration with private sector partners can provide citizens with services that were hitherto impossible to provide, for which there are no brickand-mortar equivalents and which have the ability to enhance economic activity in the country.
One of the first such SOA initiatives that would arguably have the highest impact on the citizens could be next generation of land records that could be implemented through a Land and Property Exchange System (LAPEX ). The basic concept of such an exchange is that if stocks worth crores of rupees could be traded online with absolute security and privacy, why we can we not trade land and property through a similar online system?
The government, in collaboration with private sector partners can provide citizens with services that were hitherto impossible to provide, for which there are no brickand-mortar equivalents and which have the ability to enhance economic activity in the country.
One of the first such SOA initiatives that would arguably have the highest impact on the citizens could be next generation of land records that could be implemented through a Land and Property Exchange System (LAPEX ). The basic concept of such an exchange is that if stocks worth crores of rupees could be traded online with absolute security and privacy, why we can we not trade land and property through a similar online system?