Timely Payments for MSME

I know the circle has been active in escalating delayed payments issues to Finance Minister. I want to know if the Govt has brought any serious mechanism that addresses kick backs that are required in both psus and private companies to collect payments against invoices for work done.

If one private company official demands bribe to give contract or to pay invoices of another private company can they be booked under anti corruption law?? more  

Anti Corruption Laws apply only to the Govt and PSU's, NOT to Pvt Sector, as public money (Tax Revenue) is or may be used by Govt / PSU's and as such Anti Corruption is in Public Interest.

Corruption issues in the Pvt Sector may be raised with the Vigilance / Audit / Finance functions of the Company concerned, but whether any action is taken or the matter is condoned, or even encouraged, depends entirely on the Company.
Please note, that as a Whistleblower, you have limited possibilities of ever doing business with the Company again - so do it once you're sure that your relationship with the Company has permanently ended or you're ready for it to end with immediate effect, including your inability to collect anything which may be due to you from the Company. more  
If I want to start a welfare Activity like food, stay and care Centre for widow women, divorce women, or a needed women who wants to stand on her own feet. more  
We should support buyers for business pay advance tax and use for sale to the end users. more  
if i want to start my educational institute for poor student the how msme can help more  
No. No public interest is involved in such corruption matters. However. both the private companies may take necessary appropriate action against their respective employees/officials. more  
Post a Comment

Related Posts

    • Chinese App Ban

      Attached are all the chinese apps that the Govt has banned and it includes Tik Tok, Bigo, Clash of Clans, Cam Scanner, WeChat as well As Shein and Club Factory My issue is why are Ali Ex...

      By Sudesh Rai
      /
    • Good news for Employers

      No action will be taken till the end of July against private employers who didn't pay their workers in the weeks-long lockdown to contain the coronavirus, Supreme Court ruled today. It s...

      By Anil Mehta
      /
    • Covid 19 job Crisis in India

      Has been captured well by this graphic attached. I want to know what are entrepreneurs doing in this circle. Are you letting some staff go or are you cutting salaries? Our small 7 store retail chai...

      By Naina Mittal
      /
    • Difference in Intent and Ground scenario for Loans for MSMEs

      Hon. FM has said that Banks will give easy and more loans to small businesses (MSMEs), so that they use the funds to tide through these difficult times and then repay the same with interest over a ...

      By Gautam Poddar
      /
    • Minimum Balance charges

      On one hand government is providing many reliefs for common man, one of them being that Banks will not charge interest / EMIs for 3 months, on the other hand Banks are charging huge amounts in cas...

      By Gautam Poddar
      /
    • Workplace Social Distancing guidelines/rules

      As issued by the Government, attached

      By Anil Mehta
      /
    • By Vishal Khanna
      /
    • No Labour Laws applicable for 3 years

      it has exempted industries in the state from ALL LABOUR LAWS for the next 3 years. Attached Notification. Big relief for industry. All states should do this Only these labour laws will a...

      By Ajay Dutta
      /
    • Starting up of MSME units - not really

      My brother has a MSME unit in Noida Phase 2. He resides in Delhi. 80% of their staff lives in Delhi. None of them are being permitted to enter Noida because of border restrictions. This is ridiculo...

      By Vishal Khanna
      /
    • Labour Crisis

      Most migrants workers are back to home town and most probably Will not come back till post Diwali or Chhath Puja. Industries are Being opened but how these industries wil operate? there...

      By Anil Mehta
      /
    • By Nikhil Jain
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)