It was decided to hold a fresh round of consultations on April 18 to sort out differences.
"There were two options. One was to send the bill to the Standing Committee. The other was to settle the issues in all-party meeting.... We will hold a day-long meeting on April 18 where government will bring its official amendments after studying the amendments suggested by various parties," Leader of the Opposition Sushma Swaraj said after the meeting.
"There is a little progress. I hope that the bill will be passed in this session," he told PTI.
Swaraj said the BJP today submitted 12 points of concern. She said the government has deleted the term SEZ and replaced it with 'manufacturing zones' in the bill. "It is the same thing...," she said.
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BJP suggested that instead of acquisition, the land could be leased to the developer as it was a "better proposition" because the land will remain with the farmer and would provide him with regular annual income.
She said another issue to which BJP objected was the "very wide" definition of the term 'public purpose'.
In reply to a poser, Swaraj said she was "hopeful" that the bill will be passed soon.
During the meeting, Samajwadi Party's Rewati Raman Singh objected to the poor rate of compensation and suggested jobs for young members of the farmers' families which give out their land.
"The compensation amount will be exhausted. Job is what they require besides compensation," he said. He also pointed out that 27 per cent of the cultivable land has so far been acquired for SEZs.