The bill was passed by the Lok Sabha on August 29 and the Rajya Sabha on September 4.
President Pranab Mukherjee today gave his assent to the Land Acquisition Bill, thereby enacting it into a law.
The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Law, 2012, replaces a British-era law of 1894. It provides for fair compensation to owners whose land is taken over, brings transparency to the process and lays down measures for rehabilitation of those displaced.
It was passed by the Lok Sabha on August 29 and the Rajya Sabha on September 4, and was referred to the Lower House to approve the three new amendments passed by the Upper House.
The three Rajya Sabha amendments, related to exemptions for irrigation projects, were passed by the Lower House without any discussion.
In both the Houses, most parties supported the law but gave their suggestions to make it more farmer-friendly.