30/12/2024, 8:35:02 pm

Govt to adopt new approach to track cost overruns: Sources

The Indian government will launch a new system in January 2025 to track cost overruns in projects, making the process more standardised, with reforms to the Online Computerised Monitoring System and integration with other government initiatives. The move aims to better track outcomes and address cost overruns, which currently stand at nearly 20% of the original cost.