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Land attainment Pr exertionices Land is a critical option in all countrys industrial and appal development. It is also a major social and economic center for any individual, especially in a country fight India where a large part of the population depends on it as their primary source of livelihood. With the Indian economy is making quick strides on the global canvas, the need for infrastructure to sustain the heartbeat of growth and development stares straight in the face. Needless to say, this would select acquisition of large areas of the three estates and would result in unconscious displacement of people. This makes it imperative to not only provide ravish monetary compensation for the acquired land, but extend additional benefits to the displaced to split to their livelihood and mitigate their socio-cultural trauma. In this milieu, the insurance makers are therefrom face with the challenge of providing a comprehensive legal and insurance polic y framework for land acquisition and the rehabilitation and Resettlement (R& guinea pig A;R) of the displaced people. Monetary compensation in lieu for land is provided as per the Land Acquisition Act (LAA) 1894, the principal act that governs voluntary land acquisition in India.

Since the LAA does not statute any R&R for the displaced people, the Government of India (GoI) in 2003 denote the National Policy on Resettlement and Rehabilitation for Project-Affected Families (NPRR), which came into twitch with effect from February 2004. The following section gives a design verbal description of the history of land acquisition practi ces in India. Land Acquisition Act 1894 ! Limitations and Proposed Amendments The LAA was formulate in 1894 and wherefore is extremely out- fightd. It call for to be made up to date with the requirements of the present conviction in order to address the pressure level issues which are faced by the displaced and the project promoters. The following is a list of counts on which the law seems inadequate. Compensation for Land The...If you motivation to get a bountiful essay, order it on our website: BestEssayCheap.com

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