Sign In
Learn bits
Economy
Mahesh

31/03/22 07:13 AM IST

Project Monitoring Group

In News 
  • Government of India has prioritized the timely completion of large-scale Infrastructure projects keeping infrastructure development as the central pillar of growth and socio-economic advancement of the country.
About Group
  • The Project Monitoring Group (PMG) was instituted which is currently housed in Invest India, Ministry of Commerce and Industry.
  • PMG is a unique institutional mechanism to facilitate resolution of issues in infrastructure projects with investments upward of ₹ 500 crores primarily by way of conducting regular review meetings with States and Central Ministries.
  • Additionally, with the deployment of milestone-based monitoring of projects on the PMG portal in November 2021, project reviews have become more holistic, combining both issue resolution and milestone-based monitoring to anticipate delays in projects, mitigating time and cost overruns and identifying agencies/authorities responsible for delays.
  • PMG has been convening regular review meetings between project proponents, State Governments and Union Ministries to accelerate project implementation through expeditious resolution of issues. 
Source-PIB 

 

More Related Current Affairs View All

20 Feb

The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999

'Investors who were defrauded in the Torres Ponzi scam may receive about Rs 40 crore over the next six months.' The Mumbai Police’s Economic Offences Wing (EOW) has begun

Read More

18 Feb

Aravali safari park project

'The Haryana government’s ambitious 3,858 hectare Aravali safari park project spread across Gurugram and Nuh — which was one of the poll promises of the ruling Bharatiy

Read More

17 Feb

President’s rule function

'Recently,  four days after Manipur Chief Minister N. Biren Singh’s resignation, the Union government announced that President’s rule has been implemented in the v

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps