Msme Bill

The Lok Sabha on Friday passed without a debate a bill that seeks to empower and tackle the issue of delayed payments faced by micro, small and medium enterprises (MSMEs), amid protests by opposition members. The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026 has now been cleared by Parliament. It was passed in the Rajya Sabha on August 3. The Bill seeks to address the current challenges faced by the MSME sector by improving the administrative structure and facilitating payment mechanisms. Provisions to deal with delayed payments to MSMEs by prescribing timelines to ensure faster adjudication of disputes, providing recovery of the settlement agreement, and addressing their liquidity issues are part of the Bill. It also seeks to empower courts to order payment of at least 50 per cent of the awarded amount to MSME suppliers if the application to set aside an order is pending for more than six months. MSMEs contribute 31 per cent to India's GDP, 36 per cent to

The Rajya Sabha on Monday passed a bill that seeks to tackle the issue of delayed payments to MSMEs by prescribing timelines to ensure faster adjudication of disputes, provide recovery of the settlement agreement, and address their liquidity issues, even as Opposition members continued to disrupt the House. The Upper House was adjourned after the passage of the Micro Small and Medium Enterprises Development (Amendment) Bill, 2026. Members of the Opposition kept raising slogans during the bill's passage, demanding the presence of Home Minister Amit Shah to answer questions on police action against students protesting NEET exam paper leak. Replying to the discussion on the bill, Union Minister for MSME Jitan Ram Manjhi outlined the advantages of the proposed legislation for the sector and various sections of society, expressing dismay at the loud protests by Opposition members. "We expected our opposition allies to support, cooperate, and pass this bill, but today they are opposing .

The Ministry of MSME said the change is intended to address the delayed payments faced by small businesses

MSME payment delays remain a major concern as complaint disposal rates plunge, with private firms, institutions, Maharashtra and Delhi leading dues

Prime Minister Narendra Modi on Monday enquired about the prevailing flood situation in Assam and assured of all support to handle the crisis, Chief Minister Himanta Biswa Sarma said. The flood situation across the state continued to deteriorate with incessant rains inundating many districts, affecting lakhs of people. "Hon'ble Prime Minister Shri @narendramodi Ji called me a short while ago to enquire about the flood situation in Assam. I explained him that Assam is experiencing a second wave of floods this year due to heavy rains in Arunachal Pradesh and part of our upper Assam districts," Sarma said in a post on X. He also briefed Modi about the relief measures undertaken by the state government. Sarma said, "He assured me of full cooperation from the Government of India in this hour of crisis." The flood situation worsened in Assam on Sunday with two more persons losing their lives and over 2.62 lakh people reeling under the deluge across eight districts. Meanwhile, Union Min

The bank will focus more on growing its retail and micro, small and medium enterprises (MSME) portfolio

They suggested that the central bank could look at a reasonable cap to the FLDG models, given RBI's concerns of around build-up of systemic risk and 100% risk transfer rather than banning it outright

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days

He said the proposal may be placed before the Cabinet for approval once the finance ministry gives its go-ahead

However, they are opposing the decision to base definition only on annual turnover

Say passage of Bill would turn India into a nation of traders and importers of Chinese goods