The benefits of permanent acquisition of land under the Land Revenue Act include:
Benefits to the Government and Public
1. Infrastructure Development: Permanent acquisition enables the government to develop critical infrastructure, such as roads, canals, and public buildings.
2. Public Utilities and Services: Acquisition of land for public utilities, like electricity transmission lines, water supply schemes, and public transportation, benefits the general public.
3. Social Welfare and Development: Permanent acquisition facilitates the development of housing schemes, industrial estates, and public parks, promoting social welfare and economic growth.
4. Defence and Strategic Purposes: Acquisition of land for defence installations and strategic infrastructure enhances national security and strategic interests.
Benefits to Landowners
1. Fair Compensation: Landowners receive fair compensation for the permanent acquisition of their land, ensuring they are not financially disadvantaged.
2. Rehabilitation and Resettlement: The government provides rehabilitation and resettlement assistance to landowners, helping them adapt to the changes.
3. Certainty and Finality: Permanent acquisition provides certainty and finality, allowing landowners to plan for their future.
Benefits to the Economy
1. Economic Growth: Permanent acquisition facilitates infrastructure development, industrial growth, and social development, contributing to overall economic growth.
2. Job Creation: Acquisition of land for various purposes creates employment opportunities in construction, infrastructure development, and other related sectors.
3. Increased Tax Revenue: Permanent acquisition can lead to increased tax revenue for the government, as newly developed infrastructure and industries generate additional tax income.