Draft rules on new land acquisition law soon: Min

Karnataka Revenue department is hopeful of tabling the draft rules in the next Assembly session to implement the new land acquisition law after getting Cabinet approval tomorrow.
"The Cabinet sub-committee is meeting tomorrow to discuss the framing of draft rules for implementing the state's own Bill, modelled on the Centre's Right to Fair Compensation and Transparency in land Acquisition, Rehabilitation and Resettlement Act, 2013," Karnataka Revenue Minister Sreenivasa Prasad told reporters here.
"After framing the draft rules it will be placed before the Cabinet tomorrow for approval and tabled in the Assembly session scheduled this month," Prasad added.
Prasad held a meeting with officials to discuss the pros and cons of implementing the new land Act, which has replaced the 120-year-old Land Acquisition Act, 1894, from January 1.

Each state is allowed to frame rules to implement the Act.
Under the proposed Act, farmers selling their land will get attractive compensation and there will be transparency in land acquisition for public, public-private and private purposes, Prasad said.
"Farmers holding land in rural areas will get a compensation four times more than the guidance value and two times more for holding land in urban areas," Prasad said.
The compensation under the new law will be paid with retrospective effect from January 2014, he added.