SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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atomic energy
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the hospitality subsector
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electrical power
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software engineering
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Detailed explanation-1: -The 1962 Atomic Energy Act prohibits private control of nuclear power generation, and 2016 amendments allowing public sector joint ventures do not extend to private sector companies, nor allow direct foreign investment in nuclear power, apart from the supply chain.
Detailed explanation-2: -The present policy (Consolidated FDI Policy of Government) puts atomic energy in the list of prohibited sectors. However, there is no restriction on FDI in the nuclear industry for manufacturing of equipment and providing other supplies for nuclear power plants and related other facilities.
Detailed explanation-3: -India is planning to increase the present share of 3 per cent to 10 per cent by 2022 and 26 per cent by 2052. This translates to an increase in installed nuclear power generation capacity from the current level of 4, 780 MW to 40, 000 MW by 2020 and 250, 000 MW by 2050.