Singh even told ministry officials that farmers’ interests will not be compromised.
The union government aims to reduce compensation amount stipulated in the new Act.
The Land Acquisition Act was passed during the previous UPA regime with the then opposition BJP supported it in Parliament.
At a meeting in the Capital, it was decided that phase I to build the capital would require 30,000 acres.
Make gram sabha consent mandatory for acquisition of land, even by the government for its own use.
There will be no compromise on clauses related to compensation, rehabilitation and resettlement.
The Act has been criticised by the industry and certain other sections for making land acquisition .
It would also ease the process of acquiring land by expanding the category of projects ‘exempted’ from key requirements under the Act.
2013 law freezes land acquisition by imposing lengthy procedures and high costs.
2013 law expanded rights of losers of livelihood and land, but failed to recognise economics of land.
For the first time, the interests of farmers, livelihood losers and SC/ST communities have been given high priority.
Gadkari also announced that the Centre will soon inaugurate “Bank of Ideas and Innovations”
However,Mamata added, that “land would not be an issue for investors” as Bengal has “land banks”.
19 PROPOSALS z Scrap ‘consent clause’ for PPP projects, limit SIA study, ministry tells PM
So far Rs 8,625.89 crore has been released by banks and the rest is about to be released.