Q. With reference to power sector in India consider the following statements:
1. Rural electrification has been treated as a Basic Minimum Service under the Prime Minister’s Gramodaya Yojana.
2. 100 per cent Foreign Direct Investment in power is allowed without upper limit
3. The Union Ministry of Power has signed a Memoranda of Understanding with 14 states.
Which of these statements is/are correct?
Answer:
2 and 3
Notes: Up to 100% FDI allowed in respect of projects relating to electricity generation, transmission and distribution, other than atomic reactor power plants. There is no limit on the project cost and quantum of foreign direct investment.