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The Economic Times

Economy / The Economic Times

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Rajya Sabha passes MSME bill to curb payment delays

The Rajya Sabha approved the MSME Development (Amendment) Bill, 2026, on Monday. This legislation introduces timelines for faster dispute resolution for small businesses. It also strengthens recovery mechanisms and improves liquidity for these vital enterprises. The bill empowers courts to direct buyers to deposit payments if challenges are delayed. This aims to ensure timely payments and support the backbone of India's economy.

4 Aug 2026 1:02 am