HomeCompanyProjects InfoSubscribe NowAdvertiseContact UsPartner's
Click here to view Railway Budget Highlights
New Land Acquisition Act from 2014
Monday, October 21, 2013

Come 2014 and a new law will guide all land acquisitions by central or state governments, bringing in stricter norms and increasing landowners' compensation significantly. The Ministry of Rural Development plans to notify the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2013, commonly referred to as the Land Acquisition Act, with effect from 1 January 2014, little more than two years after it was first introduced in the Parliament.

"We will notify the act on 1 January," said Jairam Ramesh, Rural Development Minister, adding that the entire process of the new act coming into force is on the fast track. The ministry has invited comments from the stakeholders over the next 45 days after which these will be published in the official gazette and finalised within 90 days.

The Land Acquisition Act was passed by the parliament during monsoon session and has already received the assent of the president. The law replaces the Land Acquisition Act of 1894 by establishing new rules for compensation as well as resettlement and rehabilitation. The most important feature of the act is that the developers will need the consent of up to 80 per cent of people whose land is acquired for private projects and of 70 per cent of the landowners in the case of Public-Private Partnership (PPP) projects.

Besides, it provides for compensation as high as four times than the practice now in rural areas and two times in urban areas.

Jairam Ramesh, Rural Development Minister, Land Acquisition Act
Previous News
Highway developers may have to pay penalty for delay in projects

    New Land Acquisition Act from 2014

Next News
Most Read
Rs 3 lakh cr projects unleashed
Compact And Versatile
Wayne Brothers uses Tekla to Reduce Risk and ...
Strong Showing
Opening up of mining sector will boost wheel ...
Ajax Fiori rolls out 5,000th machine
Top News
Energy Saver
Strong Showing
CE Pumped up
Compact And Versatile
JSW Infrastructure: Towards new horizons
A support system

Add Your Comment
Verification Code:  Refresh

| Railway Budget 2012-13 | Union Budget 2012-13 |