Land acquisition law
The Centre has called a meeting with states on Friday to discuss possible changes to be made to the land acquisition law. This has given congress an opportunity to accuse BJP for changing sides as within nine months of backing the law in Parliament. Any bid to amend the law is likely to result in claims [...] Continue Reading »
Thiess India (Mining and Construction leader to the Indian Mining Industry) is struggling since the last few weeks as its chairman and managing director, Raman Srikanth, was arrested on charges of cheating and criminal breach of trust. The company denies these charges. On May 8, the Indian subsidiary of $24.4-billion Australian infrastructure, mining and real [...] Continue Reading »
The Department of Industrial Policy and Promotion (DIPP) will try redrafting the recently enacted Land Acquisition, Rehabilitation and Resettlement Act after the new government is formed. Amitabh Kant, secretary, DIPP points out that the new (land acquisition) Act is extremely bureaucratic, with the introduction of a social impact assessment. It has very time consuming processes. [...] Continue Reading »
The highways ministry is getting nervous because the latest land acquisition law could be responsible for increasing the cost of highway construction projects. On one hand, the UPA government claims that the new land acquisition law is its one of the achievement during their current tenure. While on other, projects like the Delhi-Jaipur Expressway being [...] Continue Reading »
