GoM okays land Bill with industry-friendly features
New Delhi Nothwithstanding the thickening cloud of scandals around it, the UPA government is pressing ahead with its reforms agenda. A group of ministers (GoM) on Tuesday approved the long-pending land bill for Cabinet consideration after resolving disputes between ministries.
As per the final draft, approval of two-third of land owners and affected families will be required for acquiring land for PPP and private sector projects with defined public purposes. If the Bill is approved by Parliament —the plan is to introduce it, vetted earlier by the relevant House panel, in the Winter session — it will remove yet another hurdle for investors and spur economic activity.