The gazette notification introduces the Land Acquisition (Special Railway Projects) (Amendment) Rules, 2024. This amendment modifies the existing Land Acquisition (Special Railway Projects) Rules, 2016.
Key Changes
The amendment replaces the term "nationalized bank" with "a Scheduled commercial bank (Public and Private) notified from time to time by the Reserve Bank of India as Agency bank" in Rule 4(2) and Rule 5(1) of the Land Acquisition (Special Railway Projects) Rules, 2016.
This change broadens the scope of banks that can be used for land acquisition processes under special railway projects to include scheduled commercial banks (both public and private) that are notified as agency banks by the Reserve Bank of India.
Impact Analysis
Suggested Action Items
Scheduled commercial banks (both public and private) should ensure they are aware of the RBI's notifications regarding agency banks and prepare to handle land acquisition related transactions.
Stakeholders Affected
Reserve Bank of India (RBI): The RBI's role in notifying scheduled commercial banks as agency banks becomes more relevant in the context of land acquisition for railway projects.
Key Entities Referenced
Central Government: The entity issuing the notification and responsible for making the rules under the Railway Act, 1989.
Ministry of Railways (Railway Board): The department within the Central Government responsible for the administration of railways and the implementation of these rules.
Reserve Bank of India (RBI): The central bank of India, responsible for notifying scheduled commercial banks as agency banks.
Railway Act, 1989: The principal legislation governing railways in India, under which the power to make these rules is derived (Section 20P).
Land Acquisition (Special Railway Projects) Rules, 2016: The original rules that are being amended by this notification.
Scheduled commercial bank (Public and Private): Banks included in the second schedule of Reserve Bank of India Act, 1934.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-22062024-254877
xxxGIDHxxx
CG-DLxx-xEG-I2D2E0x6x2x0 24-254877
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 318] नई दिल्ली, िुक्रवार, िनू 21, 2024/यय ष्े ठ 31, 1946
No. 318] NEW DELHI, FRIDAY, JUNE 21, 2024/JYAISHTHA 31, 1946
रेल मत्रं ालय
(रेलवे बोडड)
अजधसचू ना
नई दिल्ली, 20 िून, 2024
सा.का.जन. 341(अ).—केन्द रीय सरकार, रेल अजधजनयम, 1989 (1989 का 24) की धारा 20त द्वारा प्रित् त िजतियय का
प्रयोग करते हुए जनम् नजलजखत जनयम बनाती ै , अर्ाडत्:-
1. सजं िप्त नाम, प्रारंभ और लाग ू ैोना:-(1) इस जनयम का संजिप्त नाम भूजम अिडन (जविेष रेल पररयोिना)(संिोधन) जनयम,
2024 ै ।
2. भूजम अिडन (जविेष रेल पररयोिना) जनयम, 2016 में,-
(i) जनयम 4 के उपजनयम (2) में, “राष्ट्रीयकृत बैंक” िब्ि के स्ट्र्ान पर, “एिेंसी बैंक के रूप में भारतीय ररज़वड बैंक द्वारा
समय-समय पर अजधसूजचत दकए गए एक अनुसूजचत वाजणजययक बैंक”(सावडिजनक और जनिी)” िब्ि और कोष्ठक रखे
िाएंग;े
(ii) जनयम 5 के, उपजनयम (1) में, “राष्ट्रीयकृत बैंक” िब्ि के स्ट्र्ान पर, “एिेंसी बैंक के रूप में भारतीय ररज़वड बैंक द्वारा
समय-समय पर अजधसूजचत दकए गए एक अनुसूजचत वाजणजययक बैंक”(सावडिजनक और जनिी)” िब्ि और कोष्ठक रखे
िाएंग;े
[फा. सं. 2023/एलएमएल-II/12/3]
पंकि त्यागी, कायडपालक जनििे क (भूजम एवं सुजवधाएं)
3708 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF RAILWAYS
(Railway Board)
NOTIFICATION
New Delhi, the 20th June, 2024
G.S.R. 341(E).—In exercise of powers conferred by Section 20P of the Railway Act, 1989(24 of 1989), the
Central Government hereby makes the following rules, namely:-
1. Short title, commencement and application:-(1) These rules may be called the Land Acquisition(Special
Railway Projects)(Amendment) Rules, 2024.
2. In the Land Acquisition( Special Railway Projects) Rules, 2016,-
(i) in rule 4, in sub-rule(2), for the words “a nationalized bank”, the words and brackets “a Scheduled
commercial bank(Public and Private) notified from time to time by the Reserve Bank of India as Agency bank”, shall
be substituted;
(ii) in rule 5, in sub-rule(1), for the words “a nationalized bank”, the words and brackets “a Scheduled
commercial bank (Public and Private) notified from time to time by the Reserve Bank of India as Agency bank”, shall
be substituted.
[F. No. 2023/LML-II/12/3]
PANKAJ TYAGI, Executive Director (Land and Amenities)
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.