President’s nod for Land Acquisition
Bill
Ø The Land Acquisition Bill, passed by Parliament during the
monsoon session to replace a 119-year-old legislation, became a law with
President Pranab Mukherjee giving assent to it on Friday ( 27-09-2013)
Ø “The
Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation
and Resettlement Bill, 2013 has received the assent of the President of India”.
Ø The
legislation would provide just and fair compensation to farmers while ensuring
that no land could be acquired forcibly
Ø The new law stipulates
mandatory consent of at least 70 per cent for acquiring land for
public-private-partnership projects and 80 per cent for acquiring land for
private companies
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