Cabinet Nod For Land Acquisition Bill

New Delhi, Sep 5: The much-awaited Land Acquisition and Rehabilitation Bill, which provides for enhanced compensation to land owners and a slew of other benefits, was today approved by the Union Cabinet.

The bill, which was fast-tracked in the backdrop of a number of agitations in parts of the country, will be introduced in Parliament on Wednesday, a senior minister said after the Cabinet meeting chaired by Prime Minister Manmohan Singh.

The Land Acquisition, Relief and Rehabilitation Bill, 2011 is believed to have a proposal for compensation four times higher than market rate to the owners. It also proposes government help for acquisition of 20 per cent of the land for a private project in case the firm acquires 80 per cent of the land needed for a project.

From: http://ping.fm/WwsFM