New land Bill allows original owner 40% share in value

The LARR Bill seeks to replace the Land Acquisition Act, 1894, under whose provisions land acquisition is carried out in the country. The Act has been amended 17 times.

“The land acquisition provisions would apply to the area to be acquired but the rehabilitation and resettlement provisions will apply to the entire project area even when private company approaches the government for partial acquisition for public purpose,” then original draft said.

“We have more or less accepted the committee’s recommendations except the consent clause where it did not want the Act to be repealed and replaced,” the official added.