News Desk: Prime Minister Manmohan Singh on Friday approved Investment Tracking System, which will check the major investment projects being delayed in our country for many reasons.


A statement from the Prime Minister's Office said that the mechanism has been set up to monitor the investment projects.


The issue was discussed in last meeting of the Prime Minister's Council on Trade and Industry in December last year in which Dr Singh had raised his concern on the delay of the investment projects.


This is no doubt a significant measure by the PM. Under the new Investment Tracking System, the National Manufacturing Competitiveness Council will track public sector projects with an investment of Rs 1,000 crore and above and will submit a quarterly statement.


As per the rule, the Department of Financial Services will track the private sector projects. The government will also use the data available with the banking sector for tracking the projects.

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