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Source: The Times of India dated 1st January 2014
New Delhi: The new land acquisition Act, enacted by Parliament in September to provide just and fair compensation to those whose land is taken away for constructing roads, buildings or factories, will come into force from Wednesday, replacing the 120-year-old legislation.
The Act, meant for bringing transparency to the process of acquisition of land, provides for generous compensation and rehabilitation of those affected by the takeover.
The new law — Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act — stipulates mandatory consent of at least 70% of affected people for acquiring land for Public Private Partnership (PPP) projects and 80% for acquiring land for private companies.
Now, state governments will have to set up at least six bodies, including the state-level Land Acquisition Rehabilitation and Resettlement Authority, to hear disputes arising out of projects where land acquisition has been initiated by the state or its agencies. The new law was enacted as the archaic Act of 1894 suffered from various shortcomings including silence on the issue of resettlement and rehabilitation.
Under the new legislation, compensation for the owners of the acquired land will be four times the market value in rural areas and twice in urban areas.
120-yr-old land Act ‘buried’, new law from today
TIMES NEWS NETWORK
New Delhi: The new land acquisition Act, enacted by Parliament in September to provide just and fair compensation to those whose land is taken away for constructing roads, buildings or factories, will come into force from Wednesday, replacing the 120-year-old legislation.
The Act, meant for bringing transparency to the process of acquisition of land, provides for generous compensation and rehabilitation of those affected by the takeover.
The new law — Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act — stipulates mandatory consent of at least 70% of affected people for acquiring land for Public Private Partnership (PPP) projects and 80% for acquiring land for private companies.
Now, state governments will have to set up at least six bodies, including the state-level Land Acquisition Rehabilitation and Resettlement Authority, to hear disputes arising out of projects where land acquisition has been initiated by the state or its agencies. The new law was enacted as the archaic Act of 1894 suffered from various shortcomings including silence on the issue of resettlement and rehabilitation.
Under the new legislation, compensation for the owners of the acquired land will be four times the market value in rural areas and twice in urban areas.
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