BRO's Project Deepak celebrates 66th Raising Day (See 'Corp Brief') IPR - Appellant is a portal that reproduces university rankings & information available in public domain without alteration, editorial bias, or disparaging commentary - no interim injunction: HC (See 'Legal Desk') Capital Market - If allegation of insider trading under SEBI (PIT) Regulations, 2015 failed entirely, there is no contravention of SEBI Act: SAT (See 'Legal Desk') India witnesses Historic Expansion in Social Security: Mandaviya (See 'Corp Brief') Health Ministry releases RBSK 2.0 Guidelines at National Summit on Best Practices (See 'Corp Brief') NHAI successfully launches India's first Multi-Lane Free Flow Tolling System (See 'Corp Brief') IBC - Since MPID Act falls within State legislative field and attachment mechanism under MPID Act, especially where property already stands attached and vested in State, cannot be overridden by invoking Sec 238 or Sec 96 of IBC: HC (See 'Legal Desk') Goyal congratulates IIFT on 63rd Foundation Day (See 'Corp Brief') Outreach workshop on Atmanirbhar Panchayat Programme held at NIRD&PR, Hyderabad (See 'Corp Brief') Hyderabad should emerge as Global Hub for Yoga and Wellness: Reddy (See 'Corp Brief') IBC - If CIRP period expires without approved resolution plan, separate CoC resolution approving liquidation by 66% voting share is not required for Adjudicating Authority to order liquidation u/s 33(1)(a): NCLAT (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT)

1875 Projects are on Project Monitoring Group as on July 28: MoS

Published: Aug 04, 2022

By TIOLCorplaws News Service

NEW DELHI, AUG 04, 2022: THE number of Infrastructure Projects on Project Monitoring Group (PMG) Portal as on 28.07.2022 is 1875.

For monitoring projects of Rs. 150 Cr and above, the Government has put in place a mechanism called Online Computerised Monitoring System (OCMS) under Ministry of Statistic and Programme Implementation (MoSPI).

The Government, after establishment of PMG, has taken proactive steps and resolved 5119 issues pertaining to 1095 projects. However, there are currently 634 projects on the portal which have shown time overrun, inter-alia, due to issues like Land Acquisition, Forest Clearance, Wild Life Clearance, Right of Way, Right of Use, Court Cases etc.

As far as the cost escalation is concerned the same can only be calculated on completion of projects.

The mechanism of Project Monitoring Group (PMG) is supported by a digital platform over which Project Proponents are able to update project related information and raise issues which can be seen by concerned State / Central Ministries on real time basis. This results in effective monitoring of projects and expeditious resolution of issues.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Som Parkash, in a written reply in the Lok Sabha yesterday.

TIOL CORP SEARCH

TIOL GROUP WEBSITES