RBI Grade B Officers Aug 2014 Paper

(3) The Union Budget 2014-15proposed to provide investmentallowance at the rate of 15 percentto a manufacturing companythat invests more than Rs. 25crore in any year in new plant andmachinery. This benefit will beavailable for investments up to31.03.2017. The scheme announcedin 2013, to provide investmentallowance to manufacturingcompanies investing more thanRs. 100 crore in plant and machinerywill continue till March, 2015.