Which ministry announced that the Generating Companies and the Transmission Companies have been advised to charge Late Payment Surcharge at a rate not exceeding 12% per annum?

1. 

Which ministry announced that the Generating Companies and the Transmission Companies have been advised to charge Late Payment Surcharge at a rate not exceeding 12% per annum?
[A]. The Power Ministry
[B]. Ministry of Road Transport and Highways
[C]. Ministry of Defence
[D]. Ministry of Electronics and Information Technology

Answer: Option A

Explanation:

On August 22, 2020, the Power Ministry announced that the Generating Companies and the Transmission Companies have been advised to charge Late Payment Surcharge at a rate not exceeding 12% per annum. With this, the financial burden on Discoms is to ease out.

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