 bill no  48  of  2011 the mega projects (timely completion) bill, 2011 byshri pl punia, mpabillto provide for timely completion of all mega projects and for matters connected therewith or incidental theretobe it enacted by parliament in the sixty-second year of the republic of india as follows:—1 (1) this act  may be called the mega projects (timely completion)  act, 2011 (2) it extends to the whole of indiashort title, extent and commencement5(3) it shall come into force at once2  in this act, unless the context otherwise requires,—definitions(i) 'mega project' means and includes any project which has been undertaken by the central government either on its own or as a joint venture with any state government or a corporation or a company or a private limited company for setting up of any industry or construction of any dam, irrigation scheme or roads or any communication facility or power project or any other developmental scheme for the welfare of the public in any part of the country or where the major share of the expenses on the project is borne by the central government and where the cost of project exceeds fifty crore rupees;5(ii) 'prescribed' means prescribed by rules made under the actpreparation of list of pending mega project3 the central government shall prepare a list of mega projects pending with allministries and departments of the central government including public sector undertakings under its control104 (1) the central government shall constitute a committee to be known the project monitoring committee (hereinafter referred to as the committee) to monitor the progress of implementation and completion of mega projects(2) the project monitoring committee shall consist of the following:—constitution of a committee to be known as the project monitoring committee(i) the deputy chairman, planning commission who shall be the convener of the committee;15(ii) secretaries of the central ministries of finance, heavy industries and public enterprises, road transport and highways, shipping, civil aviation, power and agriculture;20(iii) any other minister or secretary of the central government or of a state government who may be invited by the convener of the committee to attend the sittings of the committee;(iv) members, as may be deemed necessary, to be nominated by the central government from amongst the persons who are experts in the fields of agriculture, power, water resources, industry, civil aviation, transport and shipping255  the committee shall review the progress of the implementation of all themega projects and fix a target date for completion of each of such projectsreview of the progress of the implementation of the mega projects in the country meeting of the committee6 the committee shall meet once in a month and review the progress of  the work ofthe pending mega projects307 the central government shall, on the basis of the recommendation of the committee, release necessary funds for completion of a mega projectcentral government to provide fund for completion of the mega project8 the central government shall ensure timely completion of all mega projects within the time schedule fixed by the committee:timely completion of mega projects35provided that if any mega project is not completed within the time schedule, due to any reason beyond the control of the central government, the central government shall record the reasons therefor9 if any project is not completed within the time schedule, except for the reasons beyond control, the officer-in-charge of the mega project shall be held responsible for the delay and shall be subject to such disciplinary action as the central government may think fit:fixing responsibility for delay in completion of mega project40provided that in case the delay in the completion of the project has occurred on account of lapse on the part of any private company, in the first instance, it shall be punishable with a fine which may extend to rupees ten lakh and in the second instance, its licence shall be cancelledcentral government to lay report on action taken in the house510 the central government shall cause the annual report together with a memorandum of action taken on the recommendations contained therein, insofar as they relate to the central government and the reasons for non-implementation, if any, of any of such recommendations of the committee to be laid as soon as may be after the reports are received, before each house of parliamentpower to make rules11 (1) the central government may, by notification in the official gazette, make rules for carrying out the provisions of this act1015(2) every rule made under this act shall be laid, as soon as may be after it is made, before each house of parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both houses agree in making any modification in the rule or both the houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule statement of objects and reasonsdevelopment is the buzzword today in emerging india, even as the country resolves to build an economically stronger, more efficient set up which is devoid of bureaucratic delaysmega projects popularly known as infrastructure projects are started with much pomp and show but they are hardly completed in time the estimated cost of projects always overrun for the simple reason that the projects are not completed within the target date in many cases, the escalation in cost of projects result in manifold expenditure and loss to the public exchequer time and cost overruns in projects in the environment of uncertainties, inadequate funding, delay in land acquisition, law and order problems, general escalation in costs, etc are required to be eliminated altogetherat present, there is no mechanism to supervise the progress of the completion of mega projects moreover, for many projects necessary funds are not released by the central government as a result, the projects are held uptherefore, in order to ensure timely completion of all projects, it is proposed to provide a mechanism at the bureaucratic level and also accountability of the executive to the legislaturethe bill seeks to achieve the above objectivenew delhi;pl puniaaugust 1, 2011 financial memorandumclause 4 of the bill seeks to provide for the setting up of a committee to monitor the progress of implementation and timely completion of mega projects most of the members on the committee will be government functionaries, but a few experts in the fields of agriculture, power, etc are to be associated with  the committee clause 7 provides for  release of necessary funds by the central government for completion of all mega projects the bill, therefore, if enacted will involve expenditure from the consolidated fund of india it is likely to involve an annual recurring expenditure of about rupees twenty thousand crore from the consolidated fund of indiaa non-recurring expenditure of about rupees fifty thousand crore will also be involved memorandum regarding delegated legislationclause 11 of the bill empowers the central government to make rules for carrying out the purposes of the bill as the rules will relate to matters of detail only, the delegation of legislative power is of a normal character———— a billto provide for timely completion of all mega projects and for matters connected therewith or incidental thereto————gmgipmrnd—844ls(s3)—10-08-2011