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Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS):
- Cabinet Secretary is the Chairman of the group.
- Its objective is to provide support and facilitation to global investors for investing in India.
- It helps to create projects with all approvals and makes land available for allocation.
Which of the statements given above are correct?
- a)2 and 3 only
- b)1 and 3 only
- c)1 and 2 only
- d)1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements regarding the recently setup Empower...
Recently, an Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in Ministries/Departments of Government of India for attracting investments in India was established. This new mechanism will reinforce India's vision of becoming a US$5 trillion economy by 2024-25. Empowered Group of Secretaries (EGoS)
- The objective of EGoS is to provide investment support to global investors by bringing synergies and ensure timely clearances from different departments and Ministries. So, statement (2) is correct.
- Its chairperson is the Cabinet Secretary with the CEO of NITI Aayog and secretaries of other departments as the members. So, Statement (1) is correct. A 'Project Development Cell' (PDC) was also set up to develop investible projects in coordination between the Central Government and State Governments and thereby grew the pipeline of investible projects in India and, in turn, increases FDI inflows.
Its objectives are:
- To create projects with all approvals, land available for allocation, and complete Detailed Project Reports for adoption/investment by investors. So statement (3) is not correct.
- To identify issues that need to be resolved to attract and finalize the investments and put forth these before the Empowered Group. Therefore, the correct answer is c.
Most Upvoted Answer
Consider the following statements regarding the recently setup Empower...
Explanation:
Cabinet Secretary is the Chairman of the group:
This statement is incorrect. The Chairman of the Empowered Group of Secretaries (EGoS) is not the Cabinet Secretary. The EGoS is chaired by the Cabinet Secretary and comprises senior officers from key ministries and departments.
Its objective is to provide support and facilitation to global investors for investing in India:
This statement is correct. The main objective of the EGoS is to provide support and facilitation to global investors who are looking to invest in India. It helps in creating a conducive environment for investments in the country.
It helps to create projects with all approvals and makes land available for allocation:
This statement is correct. The EGoS plays a crucial role in the implementation of various projects by ensuring all necessary approvals are in place and facilitating the allocation of land for these projects. This helps in expediting the process of setting up new projects in the country.
Therefore, the correct statements regarding the Empowered Group of Secretaries (EGoS) are 1 and 2 only.
Cabinet Secretary is the Chairman of the group:
This statement is incorrect. The Chairman of the Empowered Group of Secretaries (EGoS) is not the Cabinet Secretary. The EGoS is chaired by the Cabinet Secretary and comprises senior officers from key ministries and departments.
Its objective is to provide support and facilitation to global investors for investing in India:
This statement is correct. The main objective of the EGoS is to provide support and facilitation to global investors who are looking to invest in India. It helps in creating a conducive environment for investments in the country.
It helps to create projects with all approvals and makes land available for allocation:
This statement is correct. The EGoS plays a crucial role in the implementation of various projects by ensuring all necessary approvals are in place and facilitating the allocation of land for these projects. This helps in expediting the process of setting up new projects in the country.
Therefore, the correct statements regarding the Empowered Group of Secretaries (EGoS) are 1 and 2 only.
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Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation.Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation.Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation.Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation.Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation.Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation.Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the recently setup Empowered Group of Secretaries (EGoS): Cabinet Secretary is the Chairman of the group. Its objective is to provide support and facilitation to global investors for investing in India. It helps to create projects with all approvals and makes land available for allocation.Which of the statements given above are correct?a)2 and 3 onlyb)1 and 3 onlyc)1 and 2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
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