space
space

Get in Touch

spacer(91)-20-30242014
Tuesday
Mar 31, 2015
subscribe
You are here article details
 

New Land Acquisition Act Comes Into Force From January 1, 2014

By Saikat Mitra | 1/1/2014 2:41 PM Wednesday

The Indian economy has been growing at the slowest pace in a decade, and one of the reasons for this is the slowdown in the investment cycle. What could accentuate this slacked pace in the new year is the Land Acquisition Act, which comes into force from January 1, 2014. The bill was passed in the Monsoon session of Parliament in 2013 and on September 27, it received assent of the President of India, Pranab Mukherjee.

This new legislation replaces the 120-year old one and was framed with the intention of providing compensation to farmers in a fair and just manner. The salient feature of this Act is that it requires atleast 70% of the people whose land is being acquired to give consent for Public-Private Partnerships. This becomes 80% when the land is being acquired by any private player. Also notable is the fact that the compensation has been upped up to four times the market values in rural areas and twice the market value in urban areas.

Another key feature of the Act is that has been introduced with retrospective effect to provide justice in historical cases where no reward for land acquisition has been made. Moreover, if the land is being sold to a third party and the profits are more than 40%, these profits should be shared with the land owner.  A maximum of 5% irrigated, multi-cropped land may be acquired in a single district.

Although these clauses ensure fair and just compensation for farmers, the flipside is that land acquisition will become dearer for the companies. This means that project costs will remain on the higher side and many projects may become financially unviable. The power and realty sectors will be mainly affected.

Find More Articles on: Economy, Markets, DSIJ Mindshare

Related Readings

Information Requested is Not Found

Top 10 companies with Lowest Foreign Institutional Investors (FIIs) Holding in BSE 100 Companies

DSIJ.in Exclusive

LatestMost PopularMarket Action

Index Trends And Stocks In Action March 31, 2015

Indian benchmark indices ended on an upbeat note on Monday, lifted by strong sentiments in global market. Capital goods, Realty, Automobiles, FMCG, Metal and Power stocks posted strong gains.  Nifty index in today session opened with a gap up and posted a higher top higher bottom pattern on 30-Min intraday chart.

Market Likely To Open Positive

Asian stocks rose across the board on Tuesday after a rally on Wall Street overnight after Beijing unleashed new policy moves to rejuvenate a wobbly property market, while Greek debt worries again haunted the sagging euro. SGX Nifty is up by 15 points. Indian markets are likely to open positive. The market will remain open for trading up to Wednesday only this week as it will be shut on Thursday and Friday for holidays on account of Mahavir Jayanti and Good Friday, respectively.

Markets Recover, Small Caps Outperforms

The Indian markets saw superb recovery in today’s session. The Capital Goods and Bankex stocks pulled the benchmark indices on the higher side. Mid-Caps and Small-Caps also outperformed and closed up by 199 points and 354 points respectively. All the scetoral indices closed on positive mark. As a result the Nifty ended today’s session with a gain of 150 points and closed at 8492 whereas Sensex closed 517 points up and closed at 27975.

Index Trends And Stocks In Action March 30, 2015

Indian benchmark indices slipped below crucial level of 8300 but bounced back as the index trim early morning losses. The recovery was led by the banking, capital goods and the auto stocks. Technically index saw a good buying from lower level with good volumes.

Markets Are Likely To Open Positive

Asian markets, with the exception of Australia, turned positive by mid-morning trade on Monday, as a modestly positive lead from Wall Street offset the impact of sliding oil prices. SGX Nifty is up by 24 points. Indian markets are likely to open positive. This week is a holiday-shortened one as the market will remain closed on Thursday, 2 April 2015, on account of Mahavir Jayanti and on Friday, 3 April 2015, on account of Good Friday.

Indices Closed Flat, Bharti Airtel Down By 5.7 %.

The Indian markets witnessed some sideways session in today’s trade after sharp fall witnessed in yesterday’s session. The sectoral indices like Bankex and Capital Goods recovered from their lower ends and were up by more than 200 points each. However Healthcare and Oil & Gas continued with the negative scenario and were down around 130 points each. The Nifty closed flat and was down by 0.75 point at 8341 while Sensex was up by 1 point and closed at 27458 at the closing bell.

Index Trends And Stocks In Action March 27, 2015

Indian benchmark indices ended with huge losses on account of global sell-off triggered by new tension in the Middle East and unwinding pressure on account of March Series Future and Options Expiry.

Nifty may flat at opening bell

Asian equities were mixed on Friday as fears over Yemen and weak data from the world's third largest economy weighed on sentiment. SGX Nifty is marginally up by 3 points. Indian markets are likely to open flat. The next major trigger for the Indian markets is Q4 results which will start during second week of April, 2015.

Sensex, Nifty Tanks, Bankex Falls By 528 Points.

The Indian stock markets witnessed a perpendicular fall after mid-session in today’s trade. The sectoral index like Bankex and IT has been hammered badly and were tanked by 528 points and 303 points respectively. Metals, Oil & Gas, Mid-Caps and Small-Caps also surrounded under selling pressure and were down more than 100 points each.The Nifty was down by 188 points and closed at 8342 level, while Sensex was down by 654 points and closed at 27457 level. 

Index Trends And Stocks In Action March 26, 2015

Indian benchmark indices ended lower extending losses to a sixth successive session. Investors and trader’s prefer to adopt caution approach, in absence of any major trigger. Capital goods, Power and Metal stocks declined. Technically, index is flirting around its important support of 8480 as defined by 100-day EMA and rising trend line joined from swing low level of 6639.

DSIJ Breakfast News

Start your day with DSIJ Breakfast Roundup, wind up with DSIJ Market Roundup. Register now to get the day’s market outlook, global cues, economic trends, top corporate news delivered straight to your inbox.

mail to

Start your day with DSIJ Breakfast Roundup, wind up with DSIJ Market Roundup. Register now to get the day’s market outlook, global cues, economic trends, top corporate news delivered straight to your inbox.

mail to  *
 *
 *
 *
 *
 *
Content

WE VALUE YOUR FEEDBACK

(* No Research/Stock Queries)
Name :
Email ID :
Cell Number :
Message :
Content