President gives nod to ordinance on Land Acquisition Bill

Highlights:

  • President Pranab Mukherjee also gave his assent to promulgate an ordinance that amends the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013.
  • Union Cabinet had approved a proposal to promulgate an ordinance in this regard to strike a balance between farmers' interest and industrial growth.
  • The ordinance will make significant changes in the Land Acquisition Act including removal of consent clause for acquiring land for five areas of industrial corridors, PPP projects, rural infrastructure, affordable housing and defence.
  • It will amend the Act to bring under its purview 13 central legislations, including those relating to defence and national security, to provide higher compensation and rehabilitation and resettlement benefits to farmers whose land is being acquired.