"We have reached a broad consensus on the Land Acquisition Bill," Parliamentary Affairs Minister Kamal Nath and Leader of Opposition in Lok Sabha Sushma Swaraj told reporters after a 90-minute all-party meeting here.
Government agreed to a key demand of the BJP, which had suggested that instead of acquisition, the land could be leased to developers so that its ownership will remain with the farmers and would provide them with regular annual income.
However, the Left parties and DMK still have reservations on the Bill with the CPI(M) demanding consent of all the families affected due to the acquisition of land.
"There is a lot of dilution from the original Bill. The current version is against the interest of farmers. We will move amendments when the Bill is taken up in Parliament," CPI(M) leader Basudeb Acharia told reporters.
The DMK, which withdrew support from the UPA last month on the issue of ethnic Tamils in Sri Lanka, has been asked to make its suggestions regarding the issues related to the Bill by tomorrow.