New Delhi: The landmark ‘The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012’ will be introduced in Rajya Sabha on Wednesday for debate and voting.
Last week the Lok Sabha passed the Bill with 216 votes in favour and 19 against it.
According to sources, Rural Development Minister Jairam Ramesh has agreed to senior BJP leader Arun Jaitley's suggestions that retrospective and social impact assessment clauses should not be applied for the acquisition of land for irrigation projects.
Similarly, both the BJP and the government have also inclined to accept to make it specify that either compensation or rehabilitation and resettlement (R&R) will be given to farmers whose land is acquired for irrigation projects.
Seeking to correct the wrongs of its predecessor the Land Acquisition Act 1894, it rests on three main pillars: consent (through a well-defined and
The Bill also introduces a number of unprecedented and far reaching safeguards to protect an individual's right to his or her personal property from arbitrary and indiscriminate acquisition.
The new Bill proposes that farmers and landowners be paid up to four times the market value for land acquired in rural areas, and two times the market value in urban areas.
"The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012" stipulates mandatory consent of at least 70 percent for acquiring land for Public Private Partnership (PPP) projects and 80 percent for acquiring land for private companies.
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- Unknown Updated at: Wednesday, September 04, 2013
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