Question
As per the Gazette Notification on the new criteria for
classifying the enterprises as Micro, Small and Medium enterprises, what is the maximum investment limit in plant and machinery or equipment for a small enterprise?Solution
Government of India has notified new criteria for classifying the enterprises as Micro, Small and Medium enterprises. The new criteria will come into effect from July 1, 2020 and an enterprise shall be classified as a Micro, Small or Medium enterprise on the basis of the following criteria, namely: I. a micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees; II .a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and III. a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
India’s first lithium cell manufacturing facility is launched in which state?
Which of the following statements about Mumbai and Delhi being among the world's wealthiest cities are correct?
A) Mumbai ranks 24th and Delhi ra...
As per the latest edition of State Bank of India's (SBI) research report Ecowrap India's GDP growth rate has been projected at what percent for FY 2022?
What is the primary purpose of the 'About this image' feature introduced by Google Search?
Which day is recognized as Pi Approximation Day for its mathematical significance?
What new policy did the Haryana government introduce for the OBC-B category, and what is the revised income ceiling for the creamy layer of OBCs?
Which of the following channels is between India and Maldives?
Which state government started the flagship scheme “Orunodoi” aimed at providing financial security to financially disadvantaged families?
What is the maximum operational depth of the newly commissioned INS Nistar?
Which mission established India as the fourth country to achieve expertise in space docking?
