how can the interest of the farmer be protected?
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by giving him insurance
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Retrospective effect: Where awards are made but no compensation has been paid or possession has not been taken, compensation shall be paid at the rate prescribed under the new Act. Where the Award has not been made the entire process shall be considered to have lapsed. Also where acquisition has taken place five years prior to the commencement of the new law but no compensation/ possession has taken place the proceedings shall be deemed to have lapsed.
Consent: Prior-consent shall be required from 70% of land losers and those working on government assigned lands only in the case of public-private partnership projects and 80% in the case of private companies. This consent also includes consent to the amount of compensation that shall be paid.
Return of unutilized land: Land not used can now be returned to the original owners if the state so decides. • Share in sale of acquired land increased: The share that has to be distributed among farmers in the increased land value (when the acquired land is sold off to another party) has been set at 40%.
Income-tax Exemption: All amounts accruing under this act have been exempted from income tax and from stamp duty.
Strict restrictions on multi-crop acquisition: The acquisition of agricultural land and multi-crop land has to be carried out as a last resort. There will be definite restrictions on the extent of acquisition of such land in every state to be determined by the States concerned.
Safeguards to ensure fair price: Given the way in which market value is to be calculated and the imposition of a solatium of 100% over and above the amount, the farmers are guaranteed a fair price for their land. • Acquisition only if necessary: The Collector has to make sure that no other unutilized lands are available before he moves to acquire farm land. • Damage to crops to be included in price: The final award has to include damage to any standing crops which might have been harmed due to the process of acquisition (including the preliminary inspection). • Share in developed land: In case their land is acquired for urbanization purposes 20% of the developed land will be reserved and offered to these farmers in proportion to the area of their land acquired and at a price equal to the cost of acquisition and the cost of development.
Fishing rights: In the case of irrigation or hydel projects, affected families may be allowed fishing rights in the reservoirs.
Time-bound social impact assessment: The Bill mandates a social impact assessment of every project which must be completed within a period of six months.
Consent: Prior-consent shall be required from 70% of land losers and those working on government assigned lands only in the case of public-private partnership projects and 80% in the case of private companies. This consent also includes consent to the amount of compensation that shall be paid.
Return of unutilized land: Land not used can now be returned to the original owners if the state so decides. • Share in sale of acquired land increased: The share that has to be distributed among farmers in the increased land value (when the acquired land is sold off to another party) has been set at 40%.
Income-tax Exemption: All amounts accruing under this act have been exempted from income tax and from stamp duty.
Strict restrictions on multi-crop acquisition: The acquisition of agricultural land and multi-crop land has to be carried out as a last resort. There will be definite restrictions on the extent of acquisition of such land in every state to be determined by the States concerned.
Safeguards to ensure fair price: Given the way in which market value is to be calculated and the imposition of a solatium of 100% over and above the amount, the farmers are guaranteed a fair price for their land. • Acquisition only if necessary: The Collector has to make sure that no other unutilized lands are available before he moves to acquire farm land. • Damage to crops to be included in price: The final award has to include damage to any standing crops which might have been harmed due to the process of acquisition (including the preliminary inspection). • Share in developed land: In case their land is acquired for urbanization purposes 20% of the developed land will be reserved and offered to these farmers in proportion to the area of their land acquired and at a price equal to the cost of acquisition and the cost of development.
Fishing rights: In the case of irrigation or hydel projects, affected families may be allowed fishing rights in the reservoirs.
Time-bound social impact assessment: The Bill mandates a social impact assessment of every project which must be completed within a period of six months.
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