Land Acquisition Bill: Assocham Proposes Major Changes..!


Industry body Assocham (Associated Chambers of Commerce and Industry of India) recently said the proposed India land acquisition law should have a provision of central government assistance for acquiring 100% of land requirement by the private sector for a project if two thirds of it is already acquired.

In a communication to Rural Development Minister Mr. Jairam Ramesh, the Assocham said the suggested provision should be applicable even to the projects which are defined as other than public purpose.

Assocham said, "(It should be applicable) provided where a private company after having purchased minimum 75% of the land needed for a project, other than public purpose, seeks the intervention of the appropriate central government to acquire the balance of the land"

It said when private companies are buying land through private negotiations there are some "social & political miscreants" due to which the remaining part of land can not be procured.

In such cases, Assocham said appropriate government authority intervention & support is required to facilitate the projects.

The chamber Assocham said that big projects like cement, steel, auto & and fertiliser plants require large tract of land. But they do not necessarily come under the category of public purpose.

Group of Ministers (GoM) on Land Acquisition Bill, headed by Agricultural Minister Mr. SharadPawar, had approved the proposed legislation with changes last October month.(2012)

Recently, FICCI (Federation of Indian Chambers of Commerce and Industry) also has asked the central government for a relook at certain clauses of the proposed Bill such as role of state governments and the entitlements for the private sector, prior to placing it before the Cabinet for approval.
Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

Key Takeaways from the Federal Reserve's 2024 December Meeting

5 Key Takeaways from the Federal Reserve's December Meeting *Hawkish Policy Shift:* - The Federal Reserve cut its benchmark rate by *25 ...