New Delhi: Amid concerns from the PMO over time and cost overrun in completion of big-ticket investment projects, the infrastructure ministries, including coal, have been asked to upload details of every project costing over Rs 150 crore on the Online Computerised Monitoring System (OCMS).
The decision on the same was taken recently during the meeting of the Committee of Secretaries under the Chairmanship of cabinet secretary Ajit Seth to review the projects of seven infrastructure ministries costing Rs 1,000 crore and above, according to the minutes of the meeting.
“The meeting was held in the background of concern expressed by Prime Ministers' Office (PMO) on time and cost overrun in the completion of projects... After detailed discussions, it was decided that all ministries/departments should upload details of every project costing more than Rs 150 crore at the Online Computerised Monitoring System,” the minutes of the meeting said.
The progress would be updated by the ministries once every month without failure, it said.
It was also decided that secretaries of ministries, including coal, power, shipping and steel, would conduct monthly review meetings of projects with special emphasis on time and cost overrun.
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