Current Affairs · Union Budget 2026-27
With reference to the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet' mentioned in the context of Union Budget 2026-27, consider the following statements: 1. The scheme has an approved financial outlay of ₹7,280 crore. 2. It aims to establish 6,000 metric tonnes per annum of integrated rare earth permanent magnet manufacturing capacity in India. 3. The scheme covers the entire value chain from rare earth oxides to finished magnets. Which of the statements given above is/are CORRECT?
- 11 and 3
- 21, 2 and 3✓
- 32 and 3 only
- 41 and 2 only
Correct answer
1, 2 and 3
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