Rules regarding Land Acquisition Bill, which was recently cleared by Parliament, will be notified within two months and would address the concerns of industry and other stakeholders, Rural Development Minister Jairam Ramesh said in New Delhi on Thursday.
An advisory committee will be set up shortly to vet the said rules in consultations with various stakeholders and others concerned, Ramesh said during an interaction with industry leaders on the Act, organised by FICCI.
When FICCI Vice-President Sidharth Birla voiced industry's concerns over the new Act, Ramesh said, "I take the suggestion that is made by Mr Birla very seriously... We will immediately notify the Rules Advisory Committee and it should vet the draft rules as well."
He said that the Rules Advisory Committee will involve a lot of stakeholders, including industry players. "We will put the draft rules and guidelines in the public domain. We will give one month for comments and suggestions from states and stakeholders and then finalise the rules and guidelines. "Thereafter, the Act will be notified," Ramesh said.
The "Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013", he said, had surprised everybody with its successful passage.
"Nobody expected that the Bill would be passed. I think industry was very complacent. They thought this will never materialise... Somehow... the Act materialised," he said.
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