{"id":12504,"date":"2011-07-29T18:58:18","date_gmt":"2011-07-29T13:28:18","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=12504"},"modified":"2011-07-29T18:58:18","modified_gmt":"2011-07-29T13:28:18","slug":"govt-circulates-draft-land-acquisition-bill","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/govt-circulates-draft-land-acquisition-bill","title":{"rendered":"Govt circulates draft land acquisition bill"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/07\/%E0%A4%96%E0%A5%87%E0%A4%A4-%E0%A4%96%E0%A4%B2%E0%A4%BF%E0%A4%B9%E0%A4%BE%E0%A4%A8.png?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"12505\" data-permalink=\"https:\/\/www.legalindia.com\/news\/govt-circulates-draft-land-acquisition-bill\/%e0%a4%96%e0%a5%87%e0%a4%a4-%e0%a4%96%e0%a4%b2%e0%a4%bf%e0%a4%b9%e0%a4%be%e0%a4%a8\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/07\/%E0%A4%96%E0%A5%87%E0%A4%A4-%E0%A4%96%E0%A4%B2%E0%A4%BF%E0%A4%B9%E0%A4%BE%E0%A4%A8.png?fit=213%2C236&amp;ssl=1\" data-orig-size=\"213,236\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"-\u0916\u0932\u093f\u0939\u093e\u0928\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/07\/%E0%A4%96%E0%A5%87%E0%A4%A4-%E0%A4%96%E0%A4%B2%E0%A4%BF%E0%A4%B9%E0%A4%BE%E0%A4%A8.png?fit=135%2C150&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/07\/%E0%A4%96%E0%A5%87%E0%A4%A4-%E0%A4%96%E0%A4%B2%E0%A4%BF%E0%A4%B9%E0%A4%BE%E0%A4%A8.png?fit=213%2C236&amp;ssl=1\" class=\"alignright size-full wp-image-12505\" title=\"\" src=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/07\/%E0%A4%96%E0%A5%87%E0%A4%A4-%E0%A4%96%E0%A4%B2%E0%A4%BF%E0%A4%B9%E0%A4%BE%E0%A4%A8.png?resize=213%2C236&#038;ssl=1\" alt=\"\" width=\"213\" height=\"236\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/07\/%E0%A4%96%E0%A5%87%E0%A4%A4-%E0%A4%96%E0%A4%B2%E0%A4%BF%E0%A4%B9%E0%A4%BE%E0%A4%A8.png?w=213&amp;ssl=1 213w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/07\/%E0%A4%96%E0%A5%87%E0%A4%A4-%E0%A4%96%E0%A4%B2%E0%A4%BF%E0%A4%B9%E0%A4%BE%E0%A4%A8.png?resize=135%2C150&amp;ssl=1 135w\" sizes=\"auto, (max-width: 213px) 100vw, 213px\" \/><\/a>The government on Friday released a draftland acquisition bill that seeks to put in place a legal framework to not only protect the interests of owners and prospective buyers, but also those whose livelihoods depend on the acquired physical asset.<\/p>\n<p>Land markets in India being imperfect, the government intends to enact a transparent and flexible set of rules and regulations and to ensure its enforcement,Rural Development Minister Jairam Ramesh says in the foreword to the draft.<\/p>\n<p>In recent years, there have been a spate of protests, some even turning violent, over acquisition of farmland for housing and industrial projects, calling for a transparent set of rules that balances the need for industrialisation with the issue of livelihood.<\/p>\n<p>&#8220;Under our Constitution, land is a State subject, but land acquisition is a Concurrent subject. So far, the basic law governing the land acquisition process has been the Land Acquisition Act, 1894,&#8221; Ramesh said.<\/p>\n<p>&#8220;Although it has been amended from time to time, it is painfully evident that the basic law has become archaic,&#8221; he added.&#8221;The draft bill is being placed in the public domain as part of the pre-legislative consultative process. Comments are invited preferably before Aug 31,&#8221; Ramesh said, adding land records will also be updated and digitised to induce transparency.<\/p>\n<p>However, deposit rates of OBC has been increased up to 100 basis points or 1 percentage point.The interest rate on term deposit between 91-179 days of OBC will now earn 8 per cent from existing level of 7 per cent, an increase of 100 basis points.<\/p>\n<p>The term deposit maturity in between 189 days to less than 1 year has been revised upward by 50 basis points to 9 per cent, OBC said in a statement.Earlier this week, the RBI raised the short-term lending (repo) rate by 50 basis points to 8 per cent and the short-term borrowing (reverse repo) rate to 7 per cent in a bid to tame inflation.<\/p>\n<p>Subsequently, the interest rate under the Marginal Standing Facility, an additional borrowing window, has gone up to 9 per cent from the earlier level of 8.5 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government on Friday released a draftland acquisition bill that seeks to put in place a legal framework to not only protect the interests of owners and prospective buyers, but also those whose livelihoods depend on the acquired physical asset. Land markets in India being imperfect, the government intends to enact a transparent and flexible [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[86],"tags":[4655,4652,4656,4653,4654],"class_list":["post-12504","post","type-post","status-publish","format-standard","hentry","category-consumer-law-news","tag-acquisition-of-farmland-for-housing-and-industrial-projects","tag-govt-circulates-draft-land-acquisition-bill","tag-land-acquisition-act-1894","tag-land-acquisition-bill","tag-rural-development-minister-jairam-ramesh"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt circulates draft land acquisition bill<\/title>\n<meta name=\"description\" content=\"The government on Friday released a draftland acquisition bill that seeks to put in place a legal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/govt-circulates-draft-land-acquisition-bill\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt circulates draft land acquisition bill\" \/>\n<meta property=\"og:description\" content=\"The government on Friday released a draftland acquisition bill that seeks to put in place a legal\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/news\/govt-circulates-draft-land-acquisition-bill\" \/>\n<meta property=\"og:site_name\" content=\"Legal News India - Supreme Court &amp; 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Terming the new act \"historic\", Ramesh said it was \"humane, its thrust is on rehabilitation and resettlement and in the national interest, as it promotes the welfare of\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13138,"url":"https:\/\/www.legalindia.com\/news\/land-acquisition-bill-tabled-in-lok-sabha","url_meta":{"origin":12504,"position":1},"title":"Land Acquisition Bill tabled in Lok Sabha","author":"Legal India Admin","date":"September 7, 2011","format":false,"excerpt":"New Delhi, Sep 7 The Government today tabled the Land Acquisition Bill in the Lok Sabha that aims to draw infrastructure investment while compensating farmers and land-owners. The Land Acquisition, Rehabilitation and Resettlement Bill, 2011, was introduced by Rural Development Minister Jairam Ramesh after making some changes in its earlier\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30102,"url":"https:\/\/www.legalindia.com\/news\/land-acquisition-bill-fair-tribals-hemant-soren","url_meta":{"origin":12504,"position":2},"title":"Land acquisition bill not fair to tribals: Hemant Soren","author":"Legal India Admin","date":"September 9, 2013","format":false,"excerpt":"Jharkhand Chief Minister Hemant Soren said the central land acquisition bill did not favour the state's tribal people, and told reporters Sunday that he would raise the issue with the union government. \"The state government will formulate its own policy to give maximum benefit to people of the state,\" Soren\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57164,"url":"https:\/\/www.legalindia.com\/news\/this-high-courts-ruling-on-land-laws-has-thrown-infrastructure-projects-in-this-state-out-of-order","url_meta":{"origin":12504,"position":3},"title":"This High Court&#8217;s ruling on land laws has thrown infrastructure projects in this State out of order","author":"Legal India Admin","date":"August 14, 2019","format":false,"excerpt":"Big projects such as the second phase of Metro Rail & expansion of Airport are stuck as the Govt.\u00a0agencies cannot take possession of Private Land. Land acquisition for phase-2 of Chennai metro rail has been\u00a0stalled. `69,000 crore project requires 117 hectares of land spread over Chennai, Kancheepuram & Tiruvallur districts.\u2026","rel":"","context":"In &quot;Court, Judiciary &amp; Legal System&quot;","block_context":{"text":"Court, Judiciary &amp; Legal System","link":"https:\/\/www.legalindia.com\/news\/category\/court-judiciary-legal-system"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-49.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":37340,"url":"https:\/\/www.legalindia.com\/news\/govt-instituting-rational-framework-for-land-acquisition-modi","url_meta":{"origin":12504,"position":4},"title":"Govt instituting rational framework for land acquisition: Modi","author":"Legal India Admin","date":"April 13, 2015","format":false,"excerpt":"Under attack over Land Ordinance, Prime Minister Narendra Modi on Monday said the government was instituting a \"rational framework\" for acquisition of land without causing distress to farmers and other landowners. \"We are instituting a rational framework for acquisition of land without causing distress to farmers and other landowners,\" he\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"land acquisition","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/04\/land-acquisition.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":28423,"url":"https:\/\/www.legalindia.com\/news\/land-acquisition-bill-will-lead-to-corporatization-activists","url_meta":{"origin":12504,"position":5},"title":"Land acquisition bill will lead to corporatization: Activists","author":"Legal India Admin","date":"May 19, 2013","format":false,"excerpt":"While political consensus on the land acquisition bill, hailed as one of the most important reform measures, has been worked out, civil society activists are unhappy with its provisions and say it will lead to \"corporatization\" of land. They also say it lacks provisions for rehabilitating the displaced. Activists say\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-3fG","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/12504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=12504"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/12504\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=12504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=12504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=12504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}