Land acquisition compensation rate to be 3-time higher
UNB, Dhaka :
The Cabinet on Monday approved in principle the draft of ‘The Acquisition and Requisition of Immovable Property Bill, 2016’, raising compensation against land value by three times than the average value in the areas concerned.
The approval was given at the regular weekly meeting of the Cabinet held at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the Chair. Briefing reporters after the meeting, Cabinet Secretary Mohammad Shafiul Alam said, draft law has been prepared in the light of ‘The Acquisition and Requisition of Immovable Property Ordinance 1982’ in which the value of compensation for land acquisition is one and half times.
Shafiul Alam said the Cabinet observed that the issue of land requisition is a very complex one, particularly the terms ‘Public Purpose’ and ‘Public Interest’ used in the draft law needed to be explained more clearly.
“That’s why, the Cabinet formed a committee with the Law Minister as its convener and secretaries to the Ministry of Land and
Defence as its members to further clarify the terms,” he said adding the committee can also coopt more members, if necessary.
Besides, there is an observation from the High Court in this regard, Shafiul Alam said adding that the terms should be self-explanatory as well as the purpose of requisition will have to be clarified.
About determination of the value of compensation, Shafiul Alam said the average value of the documents of the land purchased in previous 12 months of a area concerned would be the value of the land.
In yesterday’s meeting, the Cabinet also gave the final approval to the draft of ‘The Bangladesh College of Physicians and Surgeons Bill, 2016’ aimed at improving healthcare services through creating more specialists medical professionals by providing them improved education and training. President, the vice president and treasurer of the council would be selected by the members themselves following the guideline specified by the rules, he said.
The Cabinet on Monday approved in principle the draft of ‘The Acquisition and Requisition of Immovable Property Bill, 2016’, raising compensation against land value by three times than the average value in the areas concerned.
The approval was given at the regular weekly meeting of the Cabinet held at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the Chair. Briefing reporters after the meeting, Cabinet Secretary Mohammad Shafiul Alam said, draft law has been prepared in the light of ‘The Acquisition and Requisition of Immovable Property Ordinance 1982’ in which the value of compensation for land acquisition is one and half times.
Shafiul Alam said the Cabinet observed that the issue of land requisition is a very complex one, particularly the terms ‘Public Purpose’ and ‘Public Interest’ used in the draft law needed to be explained more clearly.
“That’s why, the Cabinet formed a committee with the Law Minister as its convener and secretaries to the Ministry of Land and
Defence as its members to further clarify the terms,” he said adding the committee can also coopt more members, if necessary.
Besides, there is an observation from the High Court in this regard, Shafiul Alam said adding that the terms should be self-explanatory as well as the purpose of requisition will have to be clarified.
About determination of the value of compensation, Shafiul Alam said the average value of the documents of the land purchased in previous 12 months of a area concerned would be the value of the land.
In yesterday’s meeting, the Cabinet also gave the final approval to the draft of ‘The Bangladesh College of Physicians and Surgeons Bill, 2016’ aimed at improving healthcare services through creating more specialists medical professionals by providing them improved education and training. President, the vice president and treasurer of the council would be selected by the members themselves following the guideline specified by the rules, he said.
