NHAI successfully launches India's first Multi-Lane Free Flow Tolling System (See 'Corp Brief') Goyal congratulates IIFT on 63rd Foundation Day (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') 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') Nadda Visits NIPER Mohali, Reviews Biopharma Research and Innovation (See 'Corp Brief') BIS publishes six New Standards for Priority Assistive Products (See 'Corp Brief') Companies Act - Continuation of Look Out Circular invalid where no FIR is registered against person, all prior travel permissions are complied with & no material exists to show likelihood of him absconding: HC (See 'Legal Desk') Atmanirbhar Panchayat Program to focus on strengthening financial self-reliance of Panchayats (See 'Corp Brief') Pilibhit in UP to get India's first integrated Basmati, organic training-cum-demo farm (See 'Corp Brief') IPR - Issues relating to validity of trademark registrations, alleged misrepresentation, and authenticity of documents would be examined at trial, if no party is able to establish substantial goodwill in their respective marks: HC (See 'Legal Desk') Bharat Khera Assumes Charge as Secretary, Ministry of MSME (See 'Corp Brief') FTA integrates Ayurveda and yoga into modern trade frameworks (See 'Corp Brief') IBC - Minimum default threshold u/s 4 is met in case involving operational debt denominated in foreign currency, if foreign currency amount is converted into Indian Rupees with reference to exchange rate prevailing on date of invoice: NCLT (See 'Legal Desk') India Grounds $6.1 Billion Investments in FY26, Expects 31,000 Jobs (See 'Corp Brief') IBC - If corporate debtor is solvent & functioning company, then insolvency process invoked only to secure payment of individual dues by initiation of CIRP, amounts to misuse of IBC as recovery mechanism: SC (See 'Legal Desk') Op Sindoor demonstrates transition from diplomatic statements to concrete action on terror (See 'Corp Brief') NARCL contributes to improving recovery outcomes & unlocking value for lenders (See 'Corp Brief') Reining in Misuse of IBC for Recovery (See CORP EINSICHT)

Print

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

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.