New Delhi : The union cabinet has recommended an ordinance to amend the land acquisition act.
To make the land acquisition Act of 2013 industry-friendly, the government is likely to take the ordinance route for amending the provisions on landowners’ consent. Though the compensation clause, is likely to see only little changes.
The government had lately gone for ordinances to increase the foreign equity cap in private insurers and allow e-auction of coal blocks. An ordinance to tweak the land acquisition Act was expected to be taken up by the Union Cabinet.
The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, enacted by the previous government, allows acquisition for public-private partnership (PPP) projects after 70 per cent of the land owners have given written consent; the requirement for non-PPP projects is consent from 80 per cent land owners.