New Land Acquisition Act to come into force from today
It will replace a 120-year-old legislation
The new Land Acquisition Act, enacted by Parliament this year will come into force from today.
It will replace a 120-year-old legislation.
The historic Act will aim to provide just and fair compensation to farmers. It was passed during the Monsoon Session of Parliament and received President Pranab Mukherjee's 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% of affected people for acquiring land for public-private partnership projects, and 80% for acquiring land for private companies.