The compensation to be paid by oil exploration companies for private land acquisition has been increased by the Assam Cabinet on Thursday.
The amount charged will be Rs 12 lakh for a bigha within the case of land within a 10 km radius of a city and Rs 10 lakh whether it is in rural areas of Assam.
The Minister and cabinet spokesperson Piyush Hazarika said that “The cabinet has determined that hydrocarbon exploration companies together with (OIL) and ONGC pays compensation in an enhanced format.”
He further also added that “The quantity will be Rs 12 lakh for a bigha within the case of land inside 10 km radius of a city and Rs 10 lakh whether it is in rural areas. Presently it’s around Rs 3 lakh per bigha.”
The Cabinet empowered the Deputy Commissioners to allot land for authorities establishments at rural areas on the idea of suggestions of Land Acquisition Committees.