After passing the Food Security Bill, the Lok Sabha will today take up the Land Acquisition Bill, another landmark legislation of the UPA. The bill seeks to provide just and fair compensation to families, whose lands have been acquired for industrial purposes. The bill proposes payment of compensation up to four times the market value in rural areas, and two times the market value in urban areas.

Rural Development Minister Jairam Ramesh will move the bill, which aims at making affected persons partners in development. He said, the bill conveys the government's determination to address widespread and historical injustices

The bill, 'The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012', will replace over a century-old Land Acquisition Act, 1894.