Consider the following statements The Petroleum and Natural Gas Regulatory Board PNGRB recently init...........

Jammu and kashmir Economy

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Consider the following statements:

The Petroleum and Natural Gas Regulatory Board (PNGRB) recently initiated the 11th City Gas Distribution (CGD) bidding round covering five districts from Jammu & Kashmir.
Upon completion of the round, 27% of the population of Jammu & Kashmir would be covered under the CGD network.

Which of the above statements is/are correct?

1 only

2 only

Both

None

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Explanation:

The Petroleum and Natural Gas Regulatory Board (PNGRB) recently organised an investors’ meet in Jammu

The meet is mainly oriented towards promoting the 11th City Gas Distribution bidding round.

Earlier, the PNGRB has successfully concluded the 9th and 10th City Gas Distribution bidding rounds for the selection of authorised entities for the development of promoting the CGD networks in their geographical areas (GAs).

In the 11th City Gas Distribution (CGD) bidding round, 1 GA covering five districts from Jammu & Kashmir namely, Jammu, Udhampur, Samba, Reasi and Kathua is being offered by the PNGRB.

After the authorisations under the 11th round, 27% of the population of Jammu & Kashmir would be covered under the CGD network.