RS Passes MSME Bill Aims To Address Delayed Payments And Simplify Dispute Resolution

Rajya Sabha has passed the Micro, Small and Medium Enterprises Development (Amendment) Bill 2026. The Bill aims to further amend the Micro, Small and Medium Enterprises Development Act, 2006. It aims to address payment delays and simplify dispute resolution. The Bill provides that every central public sector enterprise must settle all invoices for procurement of …

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