nterim stay orders by courts appear to be taking a toll on the
country’s economy and have resulted in 60% cost overruns for various
government projects, this year’s Economic Survey of India revealed on Monday Jan 29,2018
According to data, the ministries of power, road and railways were the worst hit by these judicial orders.
The Economic Survey of India 2018 stated: “It is difficult to estimate the costs of (judicial) pendency and delays” but a study “of government projects in six infrastructure ministries that are currently stayed by court injunctions, as well as the average duration of their stays” showed that the economic growth was hampered as projects worth Rs 52,000 crore were hit by the court orders.
According to data, the ministries of power, road and railways were the worst hit by these judicial orders.
The Economic Survey of India 2018 stated: “It is difficult to estimate the costs of (judicial) pendency and delays” but a study “of government projects in six infrastructure ministries that are currently stayed by court injunctions, as well as the average duration of their stays” showed that the economic growth was hampered as projects worth Rs 52,000 crore were hit by the court orders.
No comments:
Post a Comment