In November 2021, under the Atma Nirbhar Bharat Abhiyan, the Central Government has approved the SPV that would privatise the electricity distribution business in which of the following Union Territories?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Dadra and Nagar Haveli and Daman and Diu.
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The Union Cabinet approved the formation of a special purpose vehicle (SPV) to privatise electricity distribution business in the Union Territory of Dadra & Nagar Haveli and Daman & Diu.
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The Union Cabinet, chaired by Prime Minister Narendra Modi, also approved the sale of equity shares of the newly formed company to the highest bidder and formation of trust(s) for serving employees’ liabilities.