Jairam bats for new Land Acquisition Bill. Bhubaneswar: Union Rural Development Minister Jairam Ramesh stated that the new Land Acquisition Bill, which has been renamed as “The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012, which was recently passed, is the UPA Government’s commitment to enacting rights based legislation with the motto of empowering the common man. The Bill which has got approval of the Parliament rests on three main pillars, consent (through a well-defined and a comprehensive process), compensation and rehabilitation and resettlement. Addressing reporters here at Congress Bhawan, Jairam said States are empowered by this law to provide benefits and safeguards that go over and above the provisions of this new law. The significant aspect of the Bill is that the consent of 80 per cent of land owners is needed for acquiring land for private projects and of 70 per cent landowners for public-private projects. Public purpose as per the Bill includes sectors like mining, infrastructure, defence, manufacturing zones, ports, roads and railways built by the government and public sector enterprises. Compensation has been significantly increased under the new law. The market value of the land (determined broadly on the basis of average sales prices of similar properties in the area over the last few years to the advantage of the land loser) is multiplied by two and is then enhanced by 100 per cent, thereby bringing the compensation amount to four times the market value, he added.
Posted on: Fri, 27 Sep 2013 07:44:27 +0000
Trending Topics
Recently Viewed Topics
© 2015