Latest Market Rate Committee News & Updates

Gandhinagar, July 3 (IANS) The Gujarat government on Friday announced a major revision to its compensation policy for agricultural land affected by power transmission infrastructure, replacing the existing jantri-based formula with compensation linked to the prevailing market value of land. Under the new policy, farmers will receive compensation at twice the market rate for land used for power transmission lines and towers, while all compensation will also be paid upfront instead of in instalmen…