Land Bill: Acquisition process gets longer and expensive for industry

The new land acquisition bill, which largely ignores the demands of various industry lobbies, exposes the economy to inflationary pressures and subdued investment in the short to medium term. The bill, known as ‘The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2013’, will replace the Land Acquisition Act (LAA) of 1894. 

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