Consider the following statements :
- Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India.
- One of the tasks of PNGRB is to ensure competitive markets for gas.
- Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity.
Which of the statements given above are correct?
Detailed Explanation:
Answer: Option 2 — 2 and 3 only
The Petroleum and Natural Gas Regulatory Board (PNGRB) was established in 2006, not as India's first regulatory body. Its key mandate includes ensuring competitive markets for gas and protecting consumer interests. Appeals against PNGRB decisions are heard by the Appellate Tribunal for Electricity (APTEL) as per Section 30 of the PNGRB Act, 2006.
❌ Statement 1 – Incorrect: PNGRB (2006) is not the first regulatory body; SEBI (1992), TRAI (1997), and others were established earlier.
✅ Statement 2 – Correct: PNGRB's mandate includes promoting competitive markets for gas as per the PNGRB Act, 2006.
✅ Statement 3 – Correct: Appeals against PNGRB decisions go to the Appellate Tribunal for Electricity (APTEL) under Section 30 of the PNGRB Act, 2006.
📝 Short Notes: PNGRB and Regulatory Bodies
| Regulatory Body | Year Established | Governing Act/Statute | Appellate Authority |
|---|---|---|---|
| SEBI (Securities and Exchange Board of India) | 1992 (statutory status) | SEBI Act, 1992 | Securities Appellate Tribunal (SAT) |
| TRAI (Telecom Regulatory Authority of India) | 1997 | TRAI Act, 1997 | Telecom Disputes Settlement and Appellate Tribunal (TDSAT) |
| CERC (Central Electricity Regulatory Commission) | 1998 | Electricity Regulatory Commissions Act, 1998 (later Electricity Act, 2003) | Appellate Tribunal for Electricity (APTEL) |
| PNGRB (Petroleum and Natural Gas Regulatory Board) | 2006 | PNGRB Act, 2006 | Appellate Tribunal for Electricity (APTEL) |
- PNGRB Functions: Regulating refining, processing, storage, transportation, distribution, marketing, and sale of petroleum and natural gas; ensuring competitive markets; protecting consumer interests.
- APTEL: Established under Section 110 of the Electricity Act, 2003; also serves as appellate authority for PNGRB.
- First Regulatory Body Context: India's regulatory architecture began evolving in the 1990s post-liberalization; SEBI was among the earliest sector-specific regulators.
Question 2 of 4 Energy Sector
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