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6.1. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013
♤ The Act provided for land acquisition as well as rehabilitation and resettlement. It replaced the Land Acquisition Act, 1894.
♤ The process for land acquisition involves a Social Impact Assessment survey, preliminary notification stating the intent for acquisition, a declaration of acquisition, and compensation to be given by a certain time. All acquisitions require rehabilitation and resettlement to be provided to the people affected by the acquisition.
♤ Compensation for the owners of the acquired land shall be four times the market value in case of rural areas and twice in case of urban areas.
♤ The new law stipulates mandatory consent of at least 70 per cent for acquiring land for public-private-partnership (PPP) projects and 80 per cent for acquiring land for private companies.
♤ Purchase of large pieces of land by private companies will require provision of rehabilitation and resettlement.
♤ The provisions of this act shall not apply to acquisitions under 16 existing legislations including the Special Economic Zones Act, 2005, the Atomic Energy Act, 1962, the Railways Act, 1989, etc.