A decision to this effect was taken in a meeting of the State Cabinet, which met under the chairmanship of Chief Minister Manohar Lal Khattar here, an official spokesman said.
The policy aims at preventing distress sales of land by farmers and involving the land owners in decision making while locating the sites of development projects in the state.
An online portal shall be created where any land owner may at any time make an offer to sell his land.
The project is of great strategic importance and Japan International Cooperation Agency (JICA) has committed in-principle to provide Rs 16,000 crore for the project.
The Cabinet took a farmer-friendly decision to cut short delays and repeated litigation in Khasra Girdawari, Mutations, Partition and demarcation revenue cases, by amending sections 13, 16, 20, 111, 113 and 118, besides inserting section 115A in the Punjab Land Revenue Act, 1887.
It will also encourage food processing sector, a release said.
These amendments will also promote agricultural efficiency by removing the fear of land owners and the land would be put to optimum use by increasing land under cultivation.
The cabinet also approved a proposal to amend the Haryana Value Added Tax Rules to provide for new tax range of Rohtak and re-distribute the districts in the ranges, which have now increased to five.
Bio diesel being a useful alternative of diesel and also good for environment, promoting its use would result in lesser requirement of crude oil and thereby saving foreign exchange on imports of crude oil, the spokesman said.
By exempting bio diesel from levy of VAT, the State Government would bear a financial implication of Rs 1.5 lakh to Rs two lakh, he said.
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