The expenditure on 388 projects in the infrastructure sector is Rs. 4.65 lakh crore increase

-


- Delay in projects due to delay in land acquisition, long time in obtaining approval from environment and forest department

New Delhi: In the infrastructure sector, Rs. 388 projects with an outlay of 150 crores or more cost more than the July 2023 estimate of Rs. 4.65 lakh crore has increased to more than Rs. The Ministry of Statistics and Program Implementation said that the cost of these projects has increased due to project delays and other reasons, a report said.

The ministry's report said that out of 1,646 such projects, 388 had cost overruns, while 809 projects were running late. The basic cost of implementing these 1,646 projects is Rs. 23,92,837.89 crore, but now it has increased to Rs. 28,58,394.39 crore is estimated. This shows that 19.46 percent of the cost of these projects i.e. Rs. 4,65,556.50 crore has increased.

According to the report, till July 2023 on these projects Rs. 15,21,550.38 crore has been spent, which is 53.23 percent of the total estimated expenditure. The number of delayed projects will come down to 602 if the latest timeline for project completion is taken into account, the ministry has said.

The report said that out of 809 delayed projects, 177 projects have been delayed for one month to 12 months, 192 projects for 13 to 24 months, 318 projects for 25 to 60 months and 122 projects for more than 60 months. The average delay in these 809 projects is 37.44 months.

The major reasons for delay in these projects are delay in land acquisition, delay in getting approval from environment and forest department and lack of infrastructure.

Besides delay in project financing, detailed engineering, change in project scope, delay in tendering process, delay in award of contract and procurement of equipment, legal and other issues, unexpected changes in land etc. have delayed the project.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more