Peter Minuit Peter Minuit Peter Minuit, Pieter Minuit, Pierre Minuit, or Peter Minnewit (between 1580 and 1585 – August 5, 1638) was a Walloon from Wesel, in present-day North Rhine-Westphalia, Germany, then part of the Duchy of Cleves. His surname means "midnight" in French. He was the 4th Director of the Dutch North American colony of New Netherland from 1626 until 1631, and 3rd Governor of New Netherland. He founded the Swedish colony of New Sweden on the Delaware Peninsula in 1638. Minuit is generally credited with orchestrating the purchase of Manhattan Island for the Dutch from the Lenape Native Americans. Manhattan
Land acquisition in India also, it was not justified as it was an instrument of servitude rather than freedom" (See for more on ‘Social’ Element of Property Rights as a Guiding Problem). The 2013 Act focuses on providing not only compensation to the land owners, but also extend rehabilitation and resettlement benefits to livelihood looser from the land, which shall be in addition to the minimum compensation. The minimum compensation to be paid to the land owners is based on a multiple of market value and other factors laid down in the Act. The Act forbids or regulates land acquisition when such acquisition would