Land Acquisition Bill : Key points

The new Land Acquisition and Rehabilitation and Resettlement Bill 2011 may change the lye of the land as far as the rural-urban equation is concerned, and also the dispensation of equity in independent India. Below are the key pointers of the bill:

1. The act will apply when the government acquires land for its own purpose or to transfer it to private companies for public purposes

2. The act will also apply when private companies acquire land more than 100 acres in rural areas and more than 50 acres in urban areas

3. The act will be enforced when a private company asks the government for partial land acquisition for a public purpose

4. Land owners will have to be paid four times the market value of the land in rural areas and twice the market value in urban areas

5. The affected land-owning family will have to be paid Rs 3,000 per family for 12 months and Rs 2,000 per month per family for 20 years as annuity

6. Similar allowances will also be have to be paid for landless labour living off the land acquired

6. For the next ten years, 20% of the appreciated value of the land will have to be shared with the landowners every time the land is sold or transferred

7. The government shall also provide infrastructure facilities in the resettlement area