The Bill will be tabled in the winter session of Parliament later this year

Like the rest of corporate India, Larsen & Toubro Executive Chairman A M Naik will not be amused by the modified land acquisition Bill — Land Acquisition, Rehabilitation and Resettlement (LARR) Bill -- cleared by the group of ministers (GoM) on Tuesday. It was Naik who had complained early this year that the cost of projects such as the Navi Mumbai airport will go up by around Rs 4,500 crore as the draft Bill made it mandatory to give hefty compensation to landowners, and that too with retrospective effect.