Nearly Rs 15 lakh cr MSME payments lingers annually; dues takes 3-6 months
Sun, Jun 20, 2021 2:21 PM

Nearly Rs 15 lakh cr MSME payments lingers annually; dues takes 3-6 months

A Flip by Flipitnews
Get it on Google Play
A sum of Rs 15 lakh crore is stuck in payment to MSMEs. Generally, the payments typically made in three-six months in contravention of the MSMED Act. The second wave of the pandemic has exposed to vulnerabilities of MSMEs like never before, provoked their issues such as delayed payments, high informality, and low financial resilience.

More great flips

ITC Hotels Demerger: ITC to hold meeting of ordinary shareholders on June 6

ITC Hotels Demerger: ITC to hold meeting of ordinary shareholders on June 6

Cigarette-to-FMCG conglomerate ITC will convene a meeting of the company’s ordinary shareholders on June 6, 2024, to approve the proposed scheme of arrangement involving the demerger of ITC Hotels from ITC Limited into a separate listed subsidiary, the company on Wednesday said in an exchange filing.The meeting will be held at 10:30 am India time through the electronic mode

Open Flip
US judge approves $418 million antitrust settlement against National Asset

US judge approves $418 million antitrust settlement against National Asset

A U.S. federal judge in Missouri on Tuesday preliminarily approved an antitrust class-action settlement that requires the National Association of Realtors to pay $418 million and implement changes to how Americans buy and sell homes.Why it's Important U.S. District Judge Stephen Bough's settlement order marked a key first step in a months-long process that will culminate.

Open Flip
Vijay Kedia’s portfolio multibagger penny stock with Rs 19,134.7 cr order

Vijay Kedia’s portfolio multibagger penny stock with Rs 19,134.7 cr order

Patel Engineering Limited is issuing equity shares with a face value of Rs 1 each through a Qualified Institutional Placement (QIP). This issuance is authorized under various regulations including SEBI ICDR, Companies Act 2013, and PAS Rules. The board of directors approved the issuance on February 12, 2024, and shareholders approved it through a special meeting on March 8, 2024.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon