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The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (also Land Acquisition Act, 2013 or LARR Act [1] or RFCTLARR Act [2]) is an Act of Indian Parliament that regulates land acquisition and lays down the procedure and rules for granting compensation, rehabilitation and resettlement to the affected persons in India.
The first Land Development Bank was started at Jhang in Punjab in 1920. However, real progress began when the land development bank was established in Chennai in 1929. [2] Not only that, land banks, land mortgage banks, agriculture banks, agriculture development banks are now called land development banks in modern world.
A 2010 report by the Government of India, on labor whose livelihood depends on agricultural land, claims that, per 2009 data collected across all states in India, the all-India annual average daily wage rates in agricultural occupations ranged between ₹ [22] 53 and 117 per day for men working in farms (US$354 to 780 per year), and between ...
CERSAI's was created to maintain a central registry of mortgages, where it contains the mortgage taken on a property along with certain details. CERSAI's mandate was extended in 2012 to start registration of security interests created through assignment of accounts receivables or factoring , through the passage of the Factoring Act, 2012.
Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income ...
Debt bondage in India is most prevalent in agricultural areas, with 80% of workers in the debt bondage system being involved in agriculture. [1] [5] Many farmers take out loans to be able to work on land, and landlords generate high amounts of profit by paying these workers less than minimum wage. [5]
It was only after the passage of the acts that more farmers and farm unions across India joined the protests against the reforms. [citation needed] On 25 September 2020 farm unions all over India called for a Bharat Bandh (lit. transl. nation-wide shutting down) to protest against these farm laws. [130]
This results in steep rise in the land prices, resulting in massive gains for the builders, opportunity cost loss to the farmers and land tax revenue loss to the government. [7] Robert Vadra and DLF were the beneficiary builders in Hooda's regime. [1] [3] [4] vadra has bought properties using unsecured loans from DLF. [8]