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Consider the following statements with reference to Project Monitoring Group:
1. It is an institutional mechanism of Department for Promotion of Industry and Internal Trade.
2. Its main aim is to expedite resolution of issues and removal of regulatory bottlenecks in projects, with investments upward of 500 crores in India.
Which of the statements given above is/are correct?
1. It is an institutional mechanism of Department for Promotion of Industry and Internal Trade.
2. Its main aim is to expedite resolution of issues and removal of regulatory bottlenecks in projects, with investments upward of 500 crores in India.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Consider the following statements with reference to Project Monitoring...
- The Project Monitoring Group (PMG) is an institutional mechanism for the expedited resolution of issues and regulatory bottlenecks in projects with investments upward Rs. 500 Crores in India. Hence statement 2 is correct.
- Currently, PMG is situated at Invest India, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce. Hence statement 1 is correct.
- It was set up as a special cell in the Cabinet Secretariat, Government of India in 2013 and was subsequently brought under the administrative control of the Prime Minister’s Office (PMO) in 2015.
- The relocation was enabled in order to create a one-stop facilitation destination for investors at all stages of the investment process, including issue resolution. The PMG seeks to enlist the unresolved project issues in respect of all mid and large-sized Public, Private and ‘Public-Private Partnership’ (PPP) Projects
- DPIIT is mandated as the nodal body for the review of public and private projects facing challenges and facilitates their resolution through PMG. The issues taken up by PMG are both at Union and State- Level.
- Related information: Invest India:
(i) Invest India is the official Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India.
(ii) It is set up as a non-profit venture under the Department of Industrial Policy and Promotion, Ministry of Commerce and Industries.
Most Upvoted Answer
Consider the following statements with reference to Project Monitoring...
Project Monitoring Group
Project Monitoring Group is an institutional mechanism of the Department for Promotion of Industry and Internal Trade (DPIIT) in India. It was set up with the primary aim of expediting the resolution of issues and removing regulatory bottlenecks in projects with investments upward of 500 crores in the country.
Correct Statement
Therefore, both statements given in the question are correct. The Project Monitoring Group is indeed a part of DPIIT and focuses on facilitating the smooth implementation of large-scale projects by addressing obstacles and streamlining processes.
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Consider the following statements with reference to Project Monitoring Group:1. It is an institutional mechanism of Department for Promotion of Industry and Internal Trade.2. Its main aim is to expedite resolution of issues and removal of regulatory bottlenecks in projects, with investments upward of 500 crores in India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements with reference to Project Monitoring Group:1. It is an institutional mechanism of Department for Promotion of Industry and Internal Trade.2. Its main aim is to expedite resolution of issues and removal of regulatory bottlenecks in projects, with investments upward of 500 crores in India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to Project Monitoring Group:1. It is an institutional mechanism of Department for Promotion of Industry and Internal Trade.2. Its main aim is to expedite resolution of issues and removal of regulatory bottlenecks in projects, with investments upward of 500 crores in India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to Project Monitoring Group:1. It is an institutional mechanism of Department for Promotion of Industry and Internal Trade.2. Its main aim is to expedite resolution of issues and removal of regulatory bottlenecks in projects, with investments upward of 500 crores in India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements with reference to Project Monitoring Group:1. It is an institutional mechanism of Department for Promotion of Industry and Internal Trade.2. Its main aim is to expedite resolution of issues and removal of regulatory bottlenecks in projects, with investments upward of 500 crores in India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to Project Monitoring Group:1. It is an institutional mechanism of Department for Promotion of Industry and Internal Trade.2. Its main aim is to expedite resolution of issues and removal of regulatory bottlenecks in projects, with investments upward of 500 crores in India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to Project Monitoring Group:1. It is an institutional mechanism of Department for Promotion of Industry and Internal Trade.2. Its main aim is to expedite resolution of issues and removal of regulatory bottlenecks in projects, with investments upward of 500 crores in India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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