New Delhi: The economic meltdown mingled with the gratuitous delay in government projects is all but for sure to give a heavy blow to the public exchequer. The failure to meet the deadline of various government projects has further increased the construction cost by Rs 75,000 crore. 

The Statistics and Programme Implementation Ministry is monitoring 590 central projects out of which 243 got delayed by one month to 10 years. In addition, inflation has played an instrumental role in increasing the input cost.

As per the estimates of Ministry, input cost has increased by 24 percent which amounts to nearly Rs 75,000 crore.

The coal production is declining due to delay in its projects. Statistics and Programme Implementation Minister Srikant Jena has drawn the attention of Coal Minister Sriprakash Jaiswal towards the low production of fuel.

Jena said, “In August 2011, the coal production was not only below target but also fell short against corresponding period of previous year.”

While the production is on the wane, the demand of coal continues to increase. In order to meet the rising demand, the Coal Ministry has started acquiring blocks in foreign countries.

As per the August review, the coal production was 19.9 percent below target, while it is 15.3 percent lower against the corresponding period of previous year.

JPN/Bureau