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With reference to the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), consider the following statements:
1. It is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.
2. The Cabinet Committee on Economic Affairs recently accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam).
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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Most Upvoted Answer
With reference to the Brahmaputra Valley Fertilizers Corporation Limit...
Introduction:
The Brahmaputra Valley Fertilizers Corporation Limited (BVFCL) is a Public Sector Undertaking (PSU) that operates under the administrative control of the Department of Fertilizers (DoF), Government of India. Recently, the Cabinet Committee on Economic Affairs (CCEA) approved a proposal by the Department of Fertilizers to provide a grant-in-aid of Rs.100 crore to BVFCL.
Statement 1: It is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.
Correct
- BVFCL is indeed a PSU that was formed in accordance with the Companies Act.
- It operates under the administrative control of the Department of Fertilizers, which is a part of the Government of India.
- Being a PSU, BVFCL is a government-owned company that performs commercial activities while working towards the welfare of the nation.
Statement 2: The Cabinet Committee on Economic Affairs recently accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam).
Correct
- The CCEA, which is a committee of the Cabinet of India responsible for economic decisions, approved the proposal of the Department of Fertilizers.
- The proposal was for a grant-in-aid of Rs.100 crore to BVFCL, which is located in Namrup, Assam.
- This approval signifies the government's support for the development and functioning of BVFCL.
Conclusion:
Both statements are correct. The Brahmaputra Valley Fertilizers Corporation Limited (BVFCL) is a PSU formed under the Companies Act and operates under the administrative control of the Department of Fertilizers. The Cabinet Committee on Economic Affairs recently approved a grant-in-aid of Rs.100 crore to BVFCL, demonstrating the government's commitment to its operations.
The Brahmaputra Valley Fertilizers Corporation Limited (BVFCL) is a Public Sector Undertaking (PSU) that operates under the administrative control of the Department of Fertilizers (DoF), Government of India. Recently, the Cabinet Committee on Economic Affairs (CCEA) approved a proposal by the Department of Fertilizers to provide a grant-in-aid of Rs.100 crore to BVFCL.
Statement 1: It is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.
Correct
- BVFCL is indeed a PSU that was formed in accordance with the Companies Act.
- It operates under the administrative control of the Department of Fertilizers, which is a part of the Government of India.
- Being a PSU, BVFCL is a government-owned company that performs commercial activities while working towards the welfare of the nation.
Statement 2: The Cabinet Committee on Economic Affairs recently accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam).
Correct
- The CCEA, which is a committee of the Cabinet of India responsible for economic decisions, approved the proposal of the Department of Fertilizers.
- The proposal was for a grant-in-aid of Rs.100 crore to BVFCL, which is located in Namrup, Assam.
- This approval signifies the government's support for the development and functioning of BVFCL.
Conclusion:
Both statements are correct. The Brahmaputra Valley Fertilizers Corporation Limited (BVFCL) is a PSU formed under the Companies Act and operates under the administrative control of the Department of Fertilizers. The Cabinet Committee on Economic Affairs recently approved a grant-in-aid of Rs.100 crore to BVFCL, demonstrating the government's commitment to its operations.
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Community Answer
With reference to the Brahmaputra Valley Fertilizers Corporation Limit...
The Cabinet Committee on Economic Affairs accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam) to sustain operations of it's urea manufacturing units.
- BVFCL, Namrup is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.
- At present, the Company is operating its two vintage plants viz. Namrup-ll and Namrup-lll in the premises of BVFCL in Namrup, Assam.
- The grant in aid of Rs. 100 crore to BVFCL will restore the urea production capacity of 3.90 Lac MT per annum and ensure timely availability of Urea to Tea Industry & Farming Sector in the entire North Eastern region specially Assam.
Hence both statements are correct.
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With reference to the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), consider the following statements:1. It is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.2. The Cabinet Committee on Economic Affairs recently accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam).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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With reference to the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), consider the following statements:1. It is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.2. The Cabinet Committee on Economic Affairs recently accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam).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 With reference to the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), consider the following statements:1. It is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.2. The Cabinet Committee on Economic Affairs recently accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam).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 With reference to the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), consider the following statements:1. It is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.2. The Cabinet Committee on Economic Affairs recently accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam).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?.
With reference to the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), consider the following statements:1. It is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.2. The Cabinet Committee on Economic Affairs recently accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam).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 With reference to the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), consider the following statements:1. It is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.2. The Cabinet Committee on Economic Affairs recently accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam).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 With reference to the Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), consider the following statements:1. It is a Public Sector Undertaking formed as per Companies Act, under the administrative control of the Department of Fertilizers (DoF), Government of India.2. The Cabinet Committee on Economic Affairs recently accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam).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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