Mangalore: Union Law Minister Veerappa Moily on Tuesday said the Centre would introduce a new law to set guidelines on acquisition of farm land for industrial and other commercial purposes and ensure that lands are purchased at prevailing market value.
The draft law had been prepared and it would be placed
before the Parliament during the coming budget session, Moily
told reporters on the sidelines of a function here.
"We are attempting to bring about a change in the
process of land acquisition for industry and other commercial
purposes. Our concern is that the farmer should not be put
into any kind of discomfort when such land is acquired," he
Moily said the Union government would take a suitable
decision on Telangana issue after the Sri Krishna Commission
appointed for the purpose submits its report.
The Commission is expected to submit report by