"It is not a question of (it being) corporate friendly. The farmers in India and the landowners in India are not too subsidised industry. For the last 100 years, there has been inequity with the farmers. All this bill says is that when there is acquisition of land, not private purchase," said Nath, when asked about the Land Acquisition Bill not being corporate friendly.
"When there is acquisition of land by the government to give to industry, the farmers will get a fair price. And, I have personally agitated against this in my political life that the farmers do not get a fair price," he added.
Nath further emphasized that the whole perception and conception that the Food Security Bill is going to lay a huge burden on the government is wrong.
The Lok Sabha will today take up the Land Acquisition Bill, which aims at making affected persons partners in development, leading to an improvement in their post- acquisition social and economic status.
The bill seeks to provide just and fair compensation to families whose land has been acquired for industrial purposes. The bill proposes payment of compensation up to four times the market value in rural areas and two times the market value in urban areas.
The bill - "The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012" will replace over a century-old Land Acquisition Act, 1894.
The Lok Sabha had earlier on Monday passed the much-debated Food Security Bill in Parliament.
The National Food Security Bill is a historic initiative for ensuring food and nutritional security to the people. It gives a right to the people to receive adequate quantity of foodgrains at affordable prices.
The Bill has a special focus on nutritional support to the poorest of the poor, women and children. In case of non-supply of foodgrains, the deprived will get a food security allowance.
The Bill also provides for grievance redressal mechanism and penalty for non -compliance by a public servant or authority. Under the plan, the government will sell subsidised wheat and rice to 67 percent of its 1.2 billion population.
--ANI (Posted on 29-08-2013)