There is a jingle in the air as the government seems to have got
back its action plan. A host of moves to expedite approvals for projects
and a new law for land acquisition are among them. And that’s not all. The cabinet has also cleared also approved a urea
policy that will make the country self-sufficient in fertilizers besides
brining in projects to the tune of Rs350bn, reports stated. A 30% cut
in the base price of airwaves is among the other decisions taken today.Realty stocks may come under pressure today as the government yesterday
cleared the Land Acquisition Bill which stipulates approval of 80% of
land owners to acquire land for a private projects and approval of 70%
people for PSUs.
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