438 infra projects show cost overrun of ₹4.34 lakh crore
The Hindu
Reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages
As many as 438 infrastructure projects, each worth ₹150 crore or more, have been hit by cost overruns totalling more than ₹4.34 lakh crore, according to a report.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth ₹150 crore and above. Of the 1,680 such projects, 438 reported cost overruns and 539 were delayed.
"Total original cost of implementation of the 1,680 projects was ₹21,74,182.86 crore and their anticipated completion cost is likely to be ₹26,08,330.02 crore, which reflects overall cost overruns of ₹4,34,147.16 crore (19.97% of original cost)," the ministry's latest report for October 2021 said.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
NMDC's iron ore production rises in January, setting stage for growth-oriented targets and renewable energy exploration.
JBM Auto poised to benefit from Union Budget's focus on electric tarmac coaches and EV battery production incentives.
MGNREGA faces budget cuts, leading to fewer workdays, delayed payments, and neglect of rural workforce by the government.
Labour Ministry receives record allocation in Union Budget to focus on new employment generation scheme, social security for gig workers.
Union Budget allocates ₹903 crore to Lok Sabha and ₹413 crore to Rajya Sabha, with specific salary and allowance provisions.
APCC president criticizes Centre for unfair budget allocations, highlighting discrimination against Andhra Pradesh by PM Modi.
Congress criticizes government's inadequate steps for gig workers, calling for national legal and social security framework.
Volkswagen challenges India's $1.4 billion tax demand, citing compliance with import rules and investment risks.
Union Finance Minister Nirmala Sitharaman defends Indian rupee stability against U.S. dollar, citing strong macroeconomic fundamentals amid criticism.
Finance Minister Nirmala Sitharaman addresses middle class concerns in Union Budget, with PM Modi's support for tax cuts.
Opposition in Maharashtra criticizes Union Budget as 'Bihar budget', while ruling party hails it as revolutionary for rural India.
Rajasthan CM praises 2025-26 Union Budget for balanced development, while Congress criticizes neglect of state projects and issues.
Madhya Pradesh CM praises Union Budget 2025 for special provisions for poor, women, youth, farmers, start-ups, innovation, and AI.
Odisha Chief Minister praises historic Union Budget benefiting all sections of society, while former CM criticizes lack of job focus.
Union Finance Minister Nirmala Sitharaman announces ₹20,000 crore for employment generation scheme, with mixed reactions from trade unions.
Chief Minister Revanth Reddy meets Ministers to discuss Union Budget discrimination, MLAs' dinner meeting, and State development funds.
The Budget attempts to revive growth by stimulating aggregate demand in the economy, with a crucial role assigned to the industrial sector
Union Budget 2025 receives mixed reviews from business leaders, highlighting infrastructure, technology, and income tax reforms.