24 May 2024 : PIB Summary for UPSC
1. Government appoints Shri Ramesh Babu V as Member in Central Electricity Regulatory Commission
| Topic: GS2 – Indian Polity – Statutory Bodies |
| Context |
| ● Shri Ramesh Babu V. was sworn in as a Member of the Central Electricity Regulatory Commission (CERC) on May 21, 2024, a body responsible for regulating tariffs and promoting efficiency and investment in India’s electricity industry. |
Analysis of the news:
- Shri Ramesh Babu V. took oath as Member of the Central Electricity Regulatory Commission (CERC) on May 21, 2024.
- The oath was administered by the Union Minister for Power and New & Renewable Energy, Shri R. K. Singh.
- He was the Director (Operations) at NTPC from May 2020 until his retirement and has held various positions within NTPC.
| Central Electricity Regulatory Commission (CERC): |
| ● The Central Electricity Regulatory Commission (CERC) was established under the Electricity Regulatory Commissions Act, 1998, and continues under the Electricity Act, 2003.
● CERC consists of a Chairperson, three Members, and the Chairperson of the Central Electricity Authority as an ex-officio Member. ● CERC’s major functions include:
● Additional functions under the Electricity Act, 2003:
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| Practice Question: Discuss the role and functions of the Central Electricity Regulatory Commission (CERC) in regulating tariffs and promoting efficiency within India’s electricity sector. (150 Words /10 marks) |
