Skip to main content

Prime Minister sets up an Investment Tracking System

By


In order to address the issue of major investment projects being delayed for a variety of reasons, the Prime Minister has approved the setting up of an Investment Tracking System to ensure speedy implementation of such projects. This issue had come up in the last meeting of the Prime Minister’s Council on Trade and Industry held in December in which the Prime Minister had stated that major projects will be specially tracked to take them forward on a fast track in order to provide a fresh impetus to the economy. This was in the context of delays faced by projects on multiple fronts – security clearances, environmental clearances, other clearances, land related matters, etc. While existing rules and laws have to be followed, it was widely felt that a lot of the delay is avoidable if only there is a will to resolve matters. 

2. In pursuance of this, an Investment Tracking System has been put in place whereby –


(a) National Manufacturing Competitiveness Council shall track all Public Sector projects with an investment of ` 1000 crore and above. The National Manufacturing Competitiveness Council shall submit a quarterly statement of all projects monitored and any issues identified that need resolution, either systemically or individually. 

(b) The Department of Financial Services shall monitor projects with an investment of ` 1000 crore and above in the private sector. The Department would use data available with the banking sector for this purpose. The Department shall submit a quarterly statement of all projects monitored and issues identified that need resolution, either systemically or individually. 

3. Through this mechanism, projects will be periodically reviewed for any delays and specific or systemic issues will be identified for resolution. The Department of Financial Services and the National Manufacturing Competitiveness Council will submit quarterly reports on the tracking being done by them and on identified issues to the Prime Minister’s Office. Corrective action will be taken wherever found necessary. 


Source : Press Information Bureau
Labels:

Comments

Post a Comment

Popular posts from this blog

Folk Dances of India

By
India is a land of diverse cultures and traditions. Each region of the country has a unique culture, which is also prominently visible in its various art forms. Almost all the regions of the country have their specific folk music and dance, which proves to be a wonderful way of expression of their community and its traditions. Though these folk dances are not as complex as the classical dance forms, they are very beautiful, because of the essence of rawness in them. Be it the Bihu of Assam, Dol-Cholom of Manipur, Hikal of Himachal Pradesh or Chhau of Bihar, each of the Indian folk dance forms comes across as a reflection of the deep sited beliefs and traditions of a particular culture. The folk dances of any community are performed on almost every special occasion and festival, to express elation and joy. These dances are also considered to be auspicious by many of the tribal communities in the country. Many folk dances are dedicated to the presiding deity of the specific commu...
1 comment
Read more

India 2012 - A must buy

By
INDIA- 2012 by Publication Division A book that is mandatory to have...!!!! Much awaited book of the year India-2012 was finally out on february 27,2012.It covers all important areas regarding this country such as science and technology,defence,agriculture etc... As it is published by govt of India(ministry of Information and broadcasting,department of publication division)the information in this book is more genuine that any other book. for the people who are preparing for competitive exams(especially for UPSC exams)this book will be very useful.It is more better than having any other gk book.so friends order your copy and start reading... Book Summary of India 2012 India 2012 Reference Annual gives a comprehensive view of country's progress in the field of rural and urban development, industry and infrastructure, science and technology, art and culture, economy, health, defence, education and mass communication. The Reference Annual incorporates sections on gene...
5 comments
Read more

DBT’s Revolutionary Finding for Public Health: Zinc Significantly Lowers Risk of Treatment Failure in Young Children with Serious Infections

By
The Secretary of Department of Biotechnology, Government of India today claimed to have made a significant stride in the field of improving public health with biotech researches. Speaking to Press he said that a revelation of a recent study by DBT will help in saving the new born children provided its outcome is put into proper application. He said treating young children with suspected serious bacterial infection with zinc in addition to standard antibiotics significantly reduces the likelihood of treatment failure (measured as the need for secondary antibiotic treatment within 7 days, need for intensive care, or death within 21 days), according to new research published  Online First  in The Lancet. In 2010, worldwide, infections were responsible for nearly two-thirds of deaths in children under 5, with around two-fifths of deaths occurring within the first month of life. Of the 1 million neonatal deaths that occur in India every year, more than a quarter are attributed ...
2 comments
Read more