NEW
LAND ACQUISITION ACT TO COME INTO FORCE FROM TOMORROW
The
new Land Acquisition Act, enacted by Parliament this year will come into force
from tomorrow (01- 01-2014). It will replace a 120-year-old legislation.
The historic Act which provide just and fair compensation to farmers was passed
by both Houses of Parliament during its Monsoon Session. It received the
Presidential assent on September 27.
The Right to Fair Compensation and Transparency in
Land Acquisition, Rehabilitation and Resettlement Act" stipulates
mandatory consent of at least 70 per cent of affected people for acquiring land
for Public Private Partnership projects and 80 per cent for acquiring land for
private companies.
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