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FISME seeks teeth for facilitation councils

BS Reporter 

The president of the Federation of Indian Micro and Small & Medium Enterprises (FISME), D Gandhikumar, has suggested to Minister that amendments in the delayed payment laws are needed so that power is given to to summon defaulting public sector undertakings (PSUs) for clearance of delayed payments. Gandhikumar said in a presentation that do not have the powers to summon , which consequently never turn up. The councils should be given more teeth.

First Published: Mon, July 28 2014. 21:39 IST