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Article

11 Nov 2014

Author:
Shruti Srivastava, Indian Express

India: Stringent Land Acquisition law to be amended even without Opposition’s support, says Finance Minister

Finance minister Arun Jaitley said...government will amend the stringent land acquisition law, even without the support of the opposition...Some changes may be necessary. We will first try to reach a consensus and if that is not possible we will go ahead and take the decision…The Land Acquisition Act was passed during the previous UPA regime with the then opposition BJP supported it in Parliament. The Act provides for “fair compensation” for acquiring farm land for industrial projects. However, states and corporate have been demanding a relaxation in the law as, they argue, it has made acquisition very difficult and has hurt the process of acquiring land for infrastructure projects. The minister said that the “obstacles” will have to be first removed in order to implement the concept of smart cities in India. 

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