Land Bill: India Inc not happy with retrospective applicability rider

Increased cost and time to acquire land is not the only thing worrying India Inc after the Lok Sabha passed the land acquisition Bill on Thursday. Another problem issue is the retrospective applicability to all cases of land acquisition if the award under the earlier 1894 Act has not been made yet. The provisions of the new Bill will be applicable even in cases where awards have been made, but no compensation has been paid to the extent that it would have to be paid as per the new rates.

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