Question
If the annual sales of a business are ₹X, what is the
Maximum Permissible Bank Finance (MPBF) as per the Turnover Method?Solution
According to the Turnover Method of Working Capital Assessment, primarily used for MSMEs with working capital needs of ₹5 crore and below, MPBF = 20% of projected annual turnover. This was recommended by the Nayak Committee for simplified credit appraisal.
What is the new wage ceiling proposed for EPF contributions as per the government’s plan?
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National Maritime Week 2026, also known as Merchant Navy Week, was observed over which period?
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As per PLFS 2020–21 data, what was the overall migration rate in India?
When was the Central Industrial Security Force (CISF) established?
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