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New act makes land buy very difficult: DIPP

New act makes land buy very difficult: DIPP
The department of industrial policy and promotion (DIPP) secretary Amitabh Kant on Wednesday stressed on the need for amending the  existing Land Acquisition Act stating that it has become difficult  to acquire land for construction of roads, ports and creating other infrastructure under the act. He points out that a lot of projects have been [...] Continue Reading »

DIPP advocates rejig of land acquisition law

DIPP advocates rejig of land acquisition law
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 »

Jan 1 taken as cut-off date for land prices by Odisha

Jan 1 taken as cut-off date for land prices by Odisha
The date January 1, 2014, has been fixed by the state government to evaluate the benchmark value of land. On the same day, the revised land acquisition law, the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act (RFCTLAR&R), 2013, came into effect. Land acquisition cases initiated before 2014 will be [...] Continue Reading »

Land acquisition bill and property rates

Land acquisition bill and property rates
The draft Land Acquisition Bill which was recently cleared by a group of ministers will be placed before the cabinet at the time of winter session. The proposed new draft bill was rechristened as the Right to Fair Compensation, Resettlement, Rehabilitation and Transparency in Land Acquisition Bill will not only make the land acquisition more difficult [...] Continue Reading »

India Inc unhappy with land bill

India Inc unhappy with land bill
India Inc is unhappy with the Land Acquisition Rehabilitation and Resettlement Bill 2011 cleared by the Group of Ministers (GoM) fearing that projects costs may soar due to high land price, and cumbersome acquisition procedures. Rajeev Talwar, executive director of DLF said the Bill could affect business badly adding that projects costs will soar if [...] Continue Reading »



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