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The Quarterly Project Implementation Status Report (QPISR) for the third quarter of 2023-24 revealed that 448 infrastructure projects, each worth Rs 150 crore or more, experienced cost overruns of over Rs 5.55 lakh crore. Out of 1,897 projects, 56 were ahead of schedule, 632 were on schedule, and 902 were delayed. The anticipated completion cost was Rs 31,74,489.91 crore.

India GDP: Govt forecasts FY22 economic growth at 9.2% : Rashtra News #India #GDP #Govt #forecasts #FY22 #economic #growth India’s economy will return to growth in 2021-22 and expected to grow 9.2% as against a contraction of 7.3% in the previous fiscal, the first advance estimates by the National Statistical Office (NSO) released on Friday

Of the 1,897 projects, 448 projects had a cost overrun of Rs 5,55,352.41 crore, which is 65.2 percent of their sanctioned cost. Around 56 projects were ahead of schedule, 632 projects were on schedule, and 902 projects were delayed, according to QPISR data

The Quarterly Project Implementation Status Report (QPISR) on Central Sector Projects (costing ₹150 crore and above) for the third quarter of 2023-24, contains detailed information on 1,897 projects. The QPISR is prepared by Ministry of Statistics and Programme Implementation.

India's National Statistical Commission is back to full capacity with the appointment of two new members after a one-year gap. A Ganesh Kumar and Debasis Kundu have been appointed, bringing the panel's strength to five, including the chairman. The commission, set up in 2005, aims to strengthen the statistical system, suggest survey standards, and coordinate with other departments. The appointments come amidst calls for reforming the country's statistics system, with the Prime Minister's Office discussing overhauling measures earlier this year.