World Bank in June 2014 released a study report on Indias Power Sector titled More Power to India : The Challenge of Electricity Distribution. Which of the following is/are the key recommendation^) of the report ? 1. Ensure regulatory autonomy, effec- tiv

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Q: 54 (CDS-II/2014)
World Bank in June 2014 released a study report on India’s Power Sector titled ‘More Power to India : The Challenge of Electricity Distribution’.
Which of the following is/are the key recommendation^) of the report ?
1. Ensure regulatory autonomy, effec- tiveness and accountability for utilities and regulators
2. Insulate utilities from State Govern- ments to prevent interference with internal operations
3. Scrap the Electricity Act 2003 in order to improve the revenue generation of the power distribution companies
Select the correct answer using the code given below:

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,10,6,5,10,1,0

keywords: 

{'electricity distribution': [0, 0, 0, 1], 'power sector': [0, 0, 2, 0], 'power distribution companies': [0, 0, 0, 2], 'electricity act': [0, 0, 0, 1], 'india': [8, 1, 7, 13], 'utilities': [0, 0, 0, 1], 'insulate utilities': [0, 0, 0, 1], 'more power': [0, 0, 0, 1], 'revenue generation': [0, 0, 0, 1], 'world bank': [0, 1, 0, 3], 'regulators': [0, 0, 0, 2], 'study report': [0, 0, 0, 1], 'report': [1, 0, 4, 5]}

The key recommendations of the World Bank`s study report on India`s Power Sector titled `More Power to India: The Challenge of Electricity Distribution` are as follows:

1. Ensure regulatory autonomy, effectiveness, and accountability for utilities and regulators: This recommendation emphasizes the need for utilities and regulators to have independence in decision-making and operations. It also highlights the importance of holding them accountable for their actions.

2. Insulate utilities from State Governments to prevent interference with internal operations: This recommendation suggests that utilities should be shielded from interference by state governments. By doing so, the report aims to create a conducive environment for utilities to function efficiently, without external influences affecting their operations.

Alert - Correct answer should be 1: Although the provided answer states that the correct option is 2 (1 and 2 only), this is incorrect. The correct answer should be option 1 (1, 2, and 3) as the third recommendation, which is to scrap the Electricity Act 2003 to improve revenue generation of the power distribution companies, is also mentioned in the report.