04-08-2015 14:46 via news.yahoo.com

India's Modi backtracks on pro-business land bill

By Nigam Prusty and Rupam Jain Nair NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi has agreed to drop politically unpopular clauses from a pro-business land bill, a move that will fuel worries among investors that the slow pace of economic reforms is hurting long-term growth prospects. Tussles over land acquisition have locked up hundreds of billions of dollars of infrastructure developments. The bill was meant to make it easier to acquire land and help realize Modi's vision of b
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