With reference to Empowered Group of Secretaries EGoS consider following statements It aims to provi...........

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With reference to Empowered Group of Secretaries (EGoS), consider following statements

It aims to provide investment support to global investors by bringing synergies and ensure timely clearances from different departments and Ministries.
Cabinet Secretary is the Chairperson of the Empowered Group of Secretaries (EGoS).

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Recently, The Union Cabinet has given its approval for setting up of an “Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in Ministries/Departments of Government of Indiafor attracting investments in India”.

Objective of EGoS: To provide investment support to global investors by bringing synergies and ensure timely clearances from different departments and Ministries. Hence both statements are correct.

Composition of EGoS:

Cabinet Secretary (Chairperson);
Secretary, Department for Promotion of Industry and Internal Trade (Member Convenor)
CEO, Niti Aayog (Member); Secretary, Department of Commerce (Member), Secretary, Department of Revenue (Member), Secretary, Department of Economic Affairs (Member); Secretary of Department concerned (to be co-opted).