Current Affairs India - 29 December 2014 1. Union Cabinet has approved a proposal to promulgate an ordinance on Land Acquisition Act in order to strike a balance between interests of farmer and industrial growth. The decision to amend the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 was taken at a Cabinet meeting held in New Delhi today. Finance Minister Arun Jaitley said that new provision will be applied on the projects important to national security, rural infrastructure, affordable housing, industrial corridor and projects of social infrastructure. For such projects, the mandatory consent of 80% of the land owners will not be required but farmers will be paid higher compensation for their lands. currentaffairs-businessnews/current-affairs-india-29-december-2014/index.htm
Posted on: Mon, 29 Dec 2014 17:09:56 +0000
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