127B

127B, or the 127B Amendment, refers to a significant legislative change in India’s approach to land acquisition, introduced under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. This amendment specifically addresses concerns related to the compensation and rehabilitation of displaced families in developmental projects. It establishes a framework for fair compensation based on market value, aiming to protect the rights of affected individuals. Additionally, 127B strengthens the consultation process with local communities, ensuring their voices are heard in the land acquisition process. The amendment highlights the balance between rapid urban development and the welfare of citizens, particularly in rural areas.