Wednesday, March 28, 2007

Bill that stops government to acquire land for private companies

As a consequence of Nandigram, A Bill is currently tabled in the Indian Parliment to stop state governments acquiring land for private companies.

Private Organizations might have to cough up more money to acquire land for their projects in India. As the Indian Real Estate prices are on the rise, Companies might find that their projects might not be viable anymore because it would be a nightmare for anyone to acquire large pieces of land stretching 1000s of acres.

This Bill would surely affect the overall economic growth of India in an indirect way.

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