Read the following passage carefully:
'In October 2025, the Ministry of Electronics and Information Technology (MeitY) issued the operational framework for the National Quantum-Safe Cryptography Transition Framework (NQCTF). Under Phase 1 (2025–2028), the framework mandates quantum-resistant algorithmic migration exclusively for Critical Information Infrastructure (CII) entities in banking and telecommunications, while leaving defense communications under the purview of a separate triservice protocol. The framework mandates that 60% of legacy public key infrastructure (PKI) in designated CII sectors must transition by December 2027, funded via a 50% central matching grant for public entities, whereas private CII operators must self-fund their migration completely. Furthermore, private entities that achieve full compliance six months prior to the target deadline are eligible for a 15% tax rebate on hardware procurement, provided they obtain audit certification from the Indian Cyber Crime Coordination Centre (I4C). Financial institutions with total assets below ₹1,000 crore are completely exempt from Phase 1 compliance.'
Based strictly on the information provided in the passage, which of the following statements is correct regarding the National Quantum-Safe Cryptography Transition Framework (NQCTF)?
- Public sector entities in the banking and telecommunications CII sectors are provided a 50% central matching grant to transition 60% of their legacy PKI by December 2027.Answer
- BPrivate CII operators in telecommunications with total assets under ₹1,000 crore must self-fund 60% of their PKI migration without any Phase 1 exemption.
- CDefense communication networks must achieve 60% quantum-resistant algorithmic migration by December 2027 under Phase 1 of the NQCTF.
- DAny private CII entity that completes its PKI transition six months prior to the target deadline automatically receives a 15% tax rebate on hardware procurement.