The Economic Times

Push to enhance ease of doing business: Govt vendor payments to be cleared in 3 days

Government vendors will receive payments within three working days starting August. All ministries will fully switch to electronic bill processing, replacing paper documents. This move enhances ease of doing business and reduces payment delays for contractors. The government aims for end-to-end digital processing of expenditure with system-driven workflows. Each payment claim will now carry an automatically generated reference number for improved traceability.