Maha Cabinet approves hike in interest rate on delayed land acquisition compensationMumbai: In a move aimed at protecting landowners’ interests, the Maharashtra Cabinet chaired by Chief Minister Devendra Fadnavis on Tuesday decided to upwardly revise the interest rates paid on delayed land acquisition compensation. Under the new decision, the interest rate payable on delayed compensation will now be pegged at 1 percentage point above the prevailing repo rate — the rate at which the Reserve Bank of India (RBI) lends to commercial banks. Under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, project-affected persons are entitled to interest on delayed payments. Moreover, the Cabinet has granted a complete stamp duty exemption on intra-group land transfers for renewable energy projects. The policy aim is to reduce capital costs and fast-track project commissioning under the Maharashtra Renewable Energy and Energy Storage Policy (2025–2036).