Question
The government has extended the PLI scheme for auto
sector by a year with partial amendments. Consider the following statements with respect to the statement mentioned above -  I. Under the amended scheme, the incentive will be applicable for a total of five consecutive financial years, starting from the financial year 2023-24. II. The scheme also specifies that an approved applicant will be eligible for benefits for five consecutive financial years, but not beyond the financial year ending on March 31, 2030. III. However, it will still be eligible for benefits in the next year if it meets the threshold calculated on the basis of a 15 per cent year-on-year growth over the first year's threshold. Which of the following statements is/are INCORRECT?ÂSolution
The Ministry of Heavy Industries has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with "partial amendments". Under the amended scheme, the incentive will be applicable for a total of five consecutive financial years, starting from the financial year 2023-24. The disbursement of the incentive will take place in the following financial year 2024-25. The scheme also specifies that an approved applicant will be eligible for benefits for five consecutive financial years, but not beyond the financial year ending on March 31, 2028. However, it will still be eligible for benefits in the next year if it meets the threshold calculated on the basis of a 10 per cent year-on-year growth over the first year's threshold.
Who has propounded the Theory Z?
If the fixed cost is Rs.43,500 and the company, the contribution is Rs.500 per unit, how many unit sales would a company need to do to earn a profit of ...
In insurance accounting, what do insurance companies set aside to account for potential claims that may arise after the closing date but within the pol...
Ramesh draws a bill on Suresh. Ramesh endorsed the bill to Mukesh. The payee of the bill will be:
Â
Which of the following are needed for the analysis of the financial statements of a company?
Section ________ of the Negotiable Instrument Act determines the rule of compensation, payable by any party liable to the holder or any endorser in case...
What is the journal entry for charging Depreciation under Cost Method?
A loan given to an entity with investment in plant and machinery up to ₹5 crore and turnover up to ₹50 crore will be classified under which category?
In Life Insurance, the surplus as per Valuation Balance Sheet is ₹20 crore. 95% is to be allocated to policyholders and 5% to shareholders. If policy ...
The balance in the reconstruction account is utilized for:
